Central Government’s Affordable Insurance Schemes: Secure Rs 4 Lakh Benefit at Just Rs 456

The Central Government has introduced impactful insurance schemes targeted at the economically disadvantaged section of society.

Two prominent initiatives spearheaded by Prime Minister Modi during his first term include the Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana.

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These schemes offer substantial insurance coverage, providing a significant benefit of Rs 4 lakh at an unbelievably low premium.

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Launched in 2015, PMJJBY caters to individuals aged between 18 to 50 years, offering insurance coverage up to Rs 2 lakh.

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In the unfortunate event of the insured person’s demise during the coverage period, dependents receive an insurance payout of Rs 2 lakh.

The annual premium for this scheme is a nominal Rs 436, providing coverage for one year, valid from June 1 to May 31.

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Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Similarly initiated in 2015, PMSBY extends its benefits to individuals aged 18 to 70 years.

The scheme offers accidental death or total disability insurance of Rs 2 lakh, along with partial disability insurance of Rs 1 lakh.

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To avail these benefits, individuals need to pay an incredibly low annual premium of Rs 20.

Application for this scheme can be made through your bank, and the premium, valid for one year (from June 1 to May 31), can also be conveniently auto-debited.


How to Enroll

To seize the advantages of these government-backed insurance schemes, interested individuals can apply directly through their banks.

The simplicity of the enrollment process coupled with the affordability of premiums makes these schemes accessible to a wide demographic.


Secure your future with the assurance of financial protection through these initiatives designed to empower and safeguard the vulnerable sections of society.

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