Having life insurance is crucial in today’s world. The country’s population is always growing.
In such times, the government introduces various plans for the poor.
This specific program is initiated to offer financial aid. PM Suraksha Bima Yojana was started by the Government of India.
The goal of this plan is to help the leader of a family with money if there’s an accident.
To join, one needs to invest Rs 20 per year and Rs 2 each month.
With this small investment, they receive life insurance coverage up to Rs 2 lakh. This program began in 2016.
Who can benefit from PM Suraksha Bima Yojana?
- Individuals aged 18 to 70 years can take advantage of this plan.
- The investment amount in this scheme is deducted automatically from the linked bank account.
- If an accident, death, or disability occurs, insurance coverage of up to Rs 2 lakh is provided.
- The government offers Rs 1 lakh if the insurance holder becomes disabled due to an accident.
- In the event of the insured person’s death, the nominee receives the full insurance amount.
How to apply for PM Suraksha Bima Yojana
1. To get the advantages of this plan, you can apply online or offline.
2. For online application, visit https://www.jansuraksha.gov.in/.
3. Fill out the application form on the website.
4. Attach the required documents before submitting the form.
5. For offline application, visit your nearby bank branch.
You need these documents:
1. Aadhaar Card
2. Voter ID, Ration Card, or any ID proof
3. Bank account details
4. Birth Certificate for Age Proof
5. Passport-size photo
Scheme Terms and Conditions
1. To join the scheme, you need to have a savings account that is regularly used. If the account becomes inactive, the policy will end.
2. After one year, you need to renew this scheme.
3. To automatically deduct the policy premium, you must sign an agreement letter.
