Question
Recently Pradhan Mantri Suraksha Bima Yojana (PMSBY) had
increased the premium from Rs.12 to____ ?Solution
The annual premium for PMSBY has been hiked from Rs 12 to Rs 20. The new premium rates are effective from June 1, 2022. Since the launch of the PMSBY, an amount of Rs 1,134 crore has been collected by the implementing insurers towards premium and claims of Rs 2,513 crore have been paid as on March 31, 2022.
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