Just paying Rs.28; You can get insurance benefits of Rs.4 Lakhs

Just paying Rs.28; You can get insurance benefits of Rs.4 Lakhs
best-insurance-policy-for-ever-in-india

In the wake of the coronavirus infection, there has been an increase in awareness about medical insurance among the population. The government also provides insurance cover for a very small amount of money to reach every section of society. In this line, government schemes include the Prime Minister's Suraksha Bhima Yojana (PMSBY) and the Prime Minister's Jeevan Jyoti Bhima Yojana (PMJJBY). It offers you insurance up to Rs 4 lakh.

best-insurance-policy-for-ever-in-india

To get insurance for Rs 4 lakh, you have to invest in two government schemes. Its benefits can be reaped by investing a small amount of money in the Prime Minister's Jeevan Jyoti Bima Yojana (PMJJBY) and the Prime Minister's Suraksha Bhima Yojana (PMSBY). In both schemes, only Rs.342 per annum is required to be deposited.

best-insurance-policy-for-ever-in-india

Under the Prime Minister's Suraksha Bima Yojana, if the accident insurer dies or becomes permanently disabled, compensation of Rs 2 lakh is available. Under this scheme, if the insured is temporarily disabled, he will get one lakh rupees. Of these, any person between the ages of 18 and 70 can get insurance. The annual premium for this plan is only Rs.12

best-insurance-policy-for-ever-in-india

Under the Prime Minister's Jeevan Jyoti Bima Yojana scheme, if the insured dies, his nominee will get Rs 2 lakh. Anyone between the ages of 18 and 50 can avail of the benefits of this scheme. The annual premium for this plan is only Rs.330. It is worth noting that both of these are term insurance policies. This is insurance for a period of one year.