PM Suraksha Bima Yojana: ₹20 Premium Secures ₹2 Lakh for Accident/Death

• Many bank accounts see an annual ₹20 deduction for Pradhan Mantri Suraksha Bima Yojana (PMSBY), often unnoticed by account holders.
• PMSBY provides ₹2 lakh insurance for accidental death or permanent disability, and ₹1 lakh for partial disability, at a minimal annual premium.
• A recent case in Samastipur saw a Canara Bank account holder's nominee receive ₹2 lakh after an accidental death, highlighting the scheme's benefit.
• Another scheme, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), offers ₹2 lakh for death due to any reason at an annual premium of ₹436.
• Bank officials urge account holders to check statements and inform nominees about these schemes for financial security.

Why It Matters: ₹20 PM Suraksha Bima Yojana premium provides ₹2 lakh accident cover; inform nominees for family security.