I took the decision to gift insurance cover of Rs 2 lakh under PM Suraksha Bima Yojna to 11,000 girls and women in my constituency on Rakshabandhan. This will provide them social security,” Pali MP #PP Chaudhary said.
This will offer them financial protection against death or disability due to accidents, said the MP who will pay premium of the scheme for 11,000 women.
“To promote the scheme and my initiative, I have launched voice messages and released a number and we are trying to contact eligible women and girls for this,” he said.
The PMSBY cover provides death benefits up to Rs 2 lakh. The amount assured will be Rs 2 lakh in case of total and irrecoverable loss of both eyes or loss of use of both hands or feet, or loss of sight of one eye and loss of use of hand or foot. In case of total and irrecoverable loss of sight of one eye or loss of use of one hand or foot, the sum assured will be Rs 1 lakh.
Premium of PMSBY is Rs 12 annually and to avail the scheme, one should be in the age group of 16-70 and should have a savings bank account.