SBI said, premium will be deducted from savings bank account account holders through auto debit facility. Individual will be eligible to join the scheme through only one savings bank account.
New Delhi: After the havoc of Corona virus, people have seen more understanding about insurance. The importance of insurance in the instability of life is now being understood better by the people. The government is also providing insurance facility for very less money to reach every section of the society. In this sequence, there are government schemes, Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), which is giving you a cover of up to Rs 4 lakh. The most important thing is that for this you will have to pay only Rs 342.
You will get bumper benefit of 4 lakhs
State Bank of India (SBI), the country’s largest public sector bank, has given information about these two schemes by tweeting on its Twitter handle. SBI has told in this tweet, ‘Insure according to your need and live a worry-free life. Premium will be deducted from savings bank account account holders through auto debit facility. The person will be eligible to join the scheme through only one savings bank account.
— State Bank of India (@TheOfficialSBI) October 2, 2021
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Let us tell you that under the Pradhan Mantri Suraksha Bima Yojana, in case of death of the insured in an accident or completely disabled, 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.
It is worth noting that under the Pradhan Mantri Jeevan Jyoti Bima Yojana, the nominee gets Rs 2 lakh on the death of the insured. Any person from 18 to 50 years can take the benefit of this scheme. For this scheme also you have to pay only Rs 330 annual premium. Let us tell you that both these are term insurance policies. This insurance is for a year.
Insurance cover from 1st June to 31st May
You should 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 canceled due to closure of bank account or insufficient balance in the account at the time of premium deduction. Therefore, take all the information before taking insurance.