Rs. 4 Lakhs can be accessed under the Prime Minister Insurance Scheme! The Procedure!
Posted on: 27/Dec/2021 12:07:02 PM
There are 2 insurance schemes covered under the Prime Minister’s Insurance coverage which offer financial help during accidents or death.
Citizens can get up to Rs. 4 Lakhs under this scheme. By joining this insurance coverage, the citizen needs to pay Rs. 12/- per year! Through this, in case of any accidents, the citizen can get up to Rs. 2 Lakhs!
The term ‘accident’ does not only mean road accidents. Even accidents like snakebite or tripping and falling in the staircase happen and these are included under the category accident. Under this scheme, financial assistance can bUnder the accident coverage scheme, d given for any type of accident!
During the 1st year of this scheme alone, suicide will not be covered under this scheme.
For a life insurance scheme, the citizen needs to pay Rs. 330/- per year.
Under the accident insurance cover, citizens in the age group 17-70 are eligible.
Under the Life Insurance Coverage scheme, citizens under the age group 18-50 are eligible.
NOTE THAT BOTH THE ABOVE INSURANCE SCHEMES – ACCIDENT & LIFE INSURANCE, CAN BE REGISTERED AND CONTINUE ONLY THROUGH BANKS OR POSTAL DEPARTMENTS!
It may be noted further that only under this scheme under the ‘ Pradhan Mantri Jan Dhan Yojana Scheme, a zero balance account may be opened by the concerned citizen and continue the insurance/accident coverage under this scheme.
