Pradhan Mantri Suraksha Bima Yojana Two lakh insurance for only 12 rupees

By | 27 May, 2020

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What’s good at Rs 12 these days? Even a cup of good tea costs Rs. Not found in 12. In such a situation, if the cost of insurance cover is only Rs 12, is it a matter of happiness? We are talking about the Prime Minister’s Security Insurance Scheme (PMSBY). This is a plan that is insuring the common man at a very low premium Insurance. The goal of the scheme in the days of this Koro epidemic is that even the poorest person in the country can get insurance so that there is no financial hardship during any accident in his life.


Under ‘Suraksha’ PMSBY for Rs 12 you get accident insurance of Rs 2 lakh. The special thing is that you can avail the benefits of this scheme by investing only Rs 12 per year.

Payment will be made in three cases 2 lakh will be paid on death in accident. In case of permanent disability in an accident: In case of loss of both eyes or both arms or both legs or in case of loss of one eye and one arm or one leg a person will be paid Rs 2 lakh. In case of permanent partial disability in an accident: loss of sight in one eye or inability to use one arm or one leg, Rs. 1 lakh Insurance will be paid.

Who will get the benefit of this Insurance?


The benefits of Pradhan Mantri Suraksha Bima Yojana Insurance can be availed by any citizen from the age of 18 to 70 years. In this plan, the insurer has to pay a premium of Rs. 1 per month.

How to avail the benefits of this Insurance?

The application form can be downloaded from the website of Financial Services or from the link http://www.jansuraksha.gov.in/FORMS-PMSBY.aspx. Or visit the bank. The form is available in English, Hindi, Gujarati, Bengali, Kannada, Oriya, Marathi, Telugu and Tamil. You can take this insurance through any bank

Eligibility: People in age group 18 to 70 years with bank account.

Premium: The premium of the Insurance is Rs 12 per annum.

Payment Mode: The Insurance will be directly auto-debited by the bank from the subscribers account. This is the only mode available.

Risk Coverage: For accidental death and full disability, Rs 2 lakh will be paid and for partial disability the payment would be Rs 1 lakh depending on severity.

Eligibility: To join the scheme, the interested person having a bank account and Aadhaar number linked to the bank account can give a simple form to the bank every year before 1st of June. Name of nominee has to be given in the form.

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