Overview |
- PMSBY or Pradhan Mantri Suraksha Bima Yojana is an Accident Insurance Scheme that offers accidental death and disability cover in case of death or disability due to an accident.
- Policy Period: Coverage shall be for one year starting from 1st June to 31st May of next year, coverage will be auto renewed every year.
- Premium: Premium is ₹20 per annum.
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Eligibility |
- The scheme is eligible for the resident customers with a Bank account
- Entry Age in the scheme - 18 to 70 years of age
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Risk Coverage |
The risk coverage under the scheme is
- ₹2 lakh for accidental death.
- ₹1 lakh for disability.
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