Question
What is the annual premium amount under the Pradhan
Mantri Suraksha Bima Yojana (PMSBY)?Solution
The PMSBY offers accident insurance of ₹2 lakh for death or full disability, at a nominal annual premium of ₹20 . This low-cost insurance scheme is one of the government’s key financial inclusion initiatives, often featured in general awareness and financial inclusion questions in banking exams.
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