Benefits under Pradhan Mantri Suraksha Bima Yojana
- All account holders of the Pradhan Mantri Suraksha Bima Yojana receive a life insurance policy with a coverage amount of Rs. 2 lakh for a year in case of accidental death or permanent disability.
- The policyholder will receive insurance cover worth Rs. 1 lakh in the case of a partial disability.
Pradhan Mantri Suraksha Bima Yojana
Pradhan Mantri Suraksha Bima Yojana is an insurance scheme that provides accidental coverage to the poor and the underprivileged sections of society. During his budget statement in February 2015, finance minister Arun Jaitley proposed the plan for accidental death. Prime Minister Narendra Modi launched this scheme on 9th May 2015.