What is the amount given under accidental Insurance

Solution

With a view to increasing banking penetration and promoting financial inclusion and with the main objective of covering all households with at least one bank account per household across the country, a National Mission on financial inclusion named as (PMJDY) was announced in 2014. Objectives of PMJDY include: (i) universal access to banking facilities for all households across the country through a bank branch or a fixed point business correspondent (BC) within a reasonable distance; and (ii) to cover all households with at least one basic bank account with RuPay Debit card having in-built accident insurance cover of ₹ 1 lakh.