CURRENT AFFAIRS

Detailed explanation-1: -Pradhan Mantri Suraksha Bima Yojana is a government scheme launched on 9th May 2015 by PM Narendra Modi. It intends to provide an affordable insurance scheme for the poor and underprivileged people in the age group of 18 to 70 years with a bank account at a premium of Rs. 12 per annum; risk coverage of Rs.

Detailed explanation-2: -The Pradhan Mantri Suraksha Bima Yojana offers a life cover of Rs. 2 lakhs for one year to all its account holders. This life cover is provided in case of accidental death or permanent disability. A life cover of Rs.

Detailed explanation-3: -INTRODUCTION. The Pradhan Mantri Suraksha Bima Yojana launched in 2015, is a one-year accidental death and disability cover which could be renewed annually.

Detailed explanation-4: -(With effect from 1.6.2022) DETAILS OF THE SCHEME: PMSBY is an Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident. It would be a one-year cover, renewable from year to year.