Post Office's PMSBY: Accident Insurance for ₹20, Secure Your Family's Future

• Pradhan Mantri Suraksha Bima Yojana (PMSBY) offers accident insurance cover of ₹2 lakh for an annual premium of just ₹20.
• The scheme is designed to provide financial security to common citizens, especially the poor and middle class, against accidental mishaps.
• Eligibility criteria include being aged 18-70 years, having a post office savings account, and linking Aadhaar and mobile number.
• Benefits include ₹2 lakh for accidental death or permanent total disability, and ₹1 lakh for partial permanent disability.
• The insurance period runs from June 1 to May 31, with automatic premium deduction; maintaining sufficient account balance is crucial.

Why It Matters: PMSBY provides affordable accident insurance for ₹20 annually, offering crucial financial security to families.