Pradhan Mantri Suraksha Bima Yojana (PMSBY). A Simple Guide for Indians Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a social security scheme launched by the Central Government of India. It was introduced by Prime Minister Narendra Modi on 9th May 2015. The scheme aims to provide affordable accident insurance to people between the ages of 18 and 70, especially those who are poor or from disadvantaged backgrounds. The annual insurance premium is only Rs. 20/-. Key Benefits of this scheme Accidental Death Cover: ₹2 lakh Permanent Total Disability Cover:…
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