Premium goes at the end of May
The Central Government had launched the Pradhan Mantri Suraksha Bima Yojana a few years back at a very nominal premium. The annual premium of PMSBY is only Rs 12. You have to pay this premium at the end of the month of May. This amount is automatically deducted from your bank account on 31st May. If you have taken PMSBY then you must keep balance in the bank account.
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Know what are the conditions of PMSBY?
People in the age group of 18-70 years can take advantage of PMSBY scheme. The annual premium of this plan is Rs 12 only. The premium of PMSBY policy is also deducted directly from the bank account. The bank account is linked with PMSBY at the time of purchasing the policy. According to the PMSBY policy, in case of death or disability of the customer buying the insurance, his dependent gets an amount of Rs 2 lakh.
Know how the registration was done?
You can apply for this policy by visiting any branch of the bank. Bank friends are also delivering PMSBY from door to door. The insurance agent can also be contacted for this. Government insurance companies and many private insurance companies also sell this plan.
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