8 Insurance Schemes Launched by Modi Govt and How They Benefit Aam Aadmi

Pradhan Mantri Suraksha Bima Yojana

Offers: Accidental death and disability cover up to 2 lakh

Cost: A premium of 12 per annum

Eligibility: Anybody who is a savings account holder in banks that offer PMSBY.

Beneficiaries: Open to all. Best suits drivers, security guards, newspaper vendors, vegetable vendors and the like and those who are prone to risks in general.

Pradhan Mantri Jeevan Jyoti Bhima Yojana

Offers: Pure protection insurance cover that pays 2 lakhs to the dependants in case of the demise of policy holder.

Cost: A premium of 330 a year.

Eligibility: Anyone between the age group 18-70 years, who is a savings account holder in banks which offer this scheme.

Beneficiaries: Best suits to employees who are the sole breadwinners of their families.

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