On his first visit to West Bengal after becoming Prime Minister of India, Narendra Modi surprised financial analysts by declaring three social security schemes for 1.25 billion people. Now accidental insurance is available at mere Rs.12 for a coverage of
Rs.200,000. Read summary of schemes :
Pradhan Mantri Suraksha Bima Yojna
Eligibility
18 to 70 years of age
Having a savings account with a public sector bank
Insurer allows auto withdrawal for the payment of annual premium
Policy cost and coverage
Rs.12 per subscriber for a coverage of Rs.2,00,000
Maturity
Death due to accident or total physical disability due to accident
Pradhan Mantri Jeevan Jyoti Yojana
Eligibility
18 to 50 years of age
Having a savings account with a public sector bank
Insurer allows auto withdrawal for the payment of annual premium