Get benefits worth Rs 4 lakhs for just Rs 28 in these government schemes | Details Here
After the havoc of coronavirus, awareness about insurance has increased among people. The government is also providing insurance facilities for very little money to reach every section of society. In this sequence, there are government schemes, Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), which will give you a cover of up to Rs 4 lakh.
To get the benefit of Rs 4 lakh, you have to invest in two schemes of the government. You can get its benefits by just investing some money in Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). In these two schemes, only Rs 342 has to be deposited annually.
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Under the Pradhan Mantri Suraksha Bima Yojana, in case of death of the insured in an accident or complete disability, a compensation of Rs 2 lakh is available. Under this scheme, if the insured becomes partially or permanently disabled, then he gets a cover of Rs 1 lakh. In this, any person between the age of 18 to 70 years can take cover. The annual premium of this plan is also only Rs 12.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Under the Pradhan Mantri Jeevan Jyoti Bima Yojana, on the death of the insured, the nominee gets Rs 2 lakh. Any person from 18 to 50 years can take the benefit of this scheme. For this scheme, you have to pay only Rs 330 annual premium. Both these are term insurance policies and this insurance is for a year.
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It is also important to know that this insurance cover is from 1st June to 31st May. For this, you need to have a bank account. Insurance can also be cancelled due to the closure of the bank account or insufficient balance in the account at the time of premium deduction.