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Pradhan Mantri Suraksha Bima Yojana (PMSBY)

1 year accidental death-cum-disability cover – 2 lakh for death.

2 lakh if both eyes, hands, legs gone

1 lakh if 1 eye, hand, leg gone.

18 to 70 years savings account holders eligible.

Premium of Rs. 12 per annum per subscriber, auto-debited from your bank account.

Breakup: 10 Rs. to insurance company, 1 Rs. to agent, 1 Rs. to bank.

Validity 1 year, can be renewed.

General insurance companies – public and private sector, will be implementing this.

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