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PMSBY
is
accidental
insurance
that
provides
a
safety
net
against
accidents
and
disabilities.
The
main
features
are
enlisted
below.
Eligibility:
For
people
aged
18-70
with
a
bank
account.
Cover:
₹2
lakh
for
accidental
death
or
full
disability,
₹1
lakh
for
partial
disability.
Premium:
₹20
per
annum,
auto-debited
from
the
account.
Duration:
Valid
from
1st
June
to
31st
May.
Providers:
Offered
by
Public
Sector
General
Insurance
Companies
and
willing
banks.
Renewal:
Can
be
renewed
if
stopped
due
to
reasons
like
insufficient
balance.
KYC:
Aadhar
is
the
primary
KYC
for
the
bank
account.
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#UjjivanSFB
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