Sentences with phrase «accidental insurance scheme»
PMSBY is an accidental insurance scheme that provides accidental death and disability coverage for one year, with an annual renewal.
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Calling the scheme a game changer, Adhiya added that under PMSBY, a renewable one - year accidental death - cum - disability insurance cover of Rs 2 lakh will be given to those in the age group of 18 and 70.
A total of 108 people have availed of the accidental insurance cover, while another 152 have taken the life insurance cover provided by the scheme.
This new insurance scheme offers three enhancement points that is, guaranteed addition and bonuses, inbuilt accidental death benefit and the life insurance coverage.
The scheme also offers accidental insurance cover of Rs. 1 lakh, a RuPay debit card and overdraft facility.
It is a scheme that is open - ended and offers long - term capital gains along with free accidental insurance coverage, tax deduction as per Section 80C of the Income Tax Act, and life cover.
The Suraksha Bhima Yojana, a part of social security schemes allow savings account holders of age - group of 18 to 70 years to get the accidental insurance coverage of Rs 2 lakh at a premium of Rs 12 per annum.