PM SURAKSHA BIMA YOJANA:

The scheme offers to provide you or your family a cover of up to Rs. 2 lac in case of any casualty, resulting in death or disability of the insured. In case of death or full disability, you or your family will get Rs. 2 lac and in case of partial disability, you will get Rs. 1 lac. Full disability means loss of both eyes or both legs or both hands, whereas partial disability means loss of one eye or one leg or one hand. Why we are calling it saving as it is, first of all, a Govt. scheme with a premium of 1 Re a month, yes you read it right Just 1 Re a month and you can get all the above benefits. Also, as our PM urged, enroll your servant, your driver, workers in your firm and every possible needy people whom you can help, under this scheme so that the real intention behind this scheme can be fulfilled i.e each citizen can feel himself insured and protected. The scheme would be offered/administered by many of the general insurance companies, both in the public sector as well as in the private sector. Participating banks will be free to engage any such general insurance company for implementing the scheme for their subscribers. National Insurance Company Limited, Oriental Insurance Company Limited, and ICICI Lombard are some of the companies which would be offering this scheme.