Pradhan Mantri Suraksha Bima Yojana (accident insurance)

• Under the accident insurance scheme, a person will be provided cover of Rs.200,000 for an annual premium of Rs.12. The cover is for accidental death or permanent total disability.
  
  
• The scheme will be available to people in the age group of 18 to 70 years with a savings bank account, who give their consent to join and enable auto-debit on or before May 31 for the coverage period - June 1 to May 31 - on an annual renewal basis.