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Insurance For Rs 100? These Govt Schemes Offering Benefits Worth Lakhs
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Government insurance schemes are designed to be simple and accessible, requiring minimal paperwork.
Pradhan Mantri Suraksha Bima Yojana (PMSBY): Pradhan Mantri Suraksha Bima Yojana is a low-cost accident insurance scheme with an annual premium of just Rs 20, which is automatically deducted from the bank account. In case of accidental death or permanent disability, the scheme provides coverage of up to Rs 2 lakh, while partial disability is covered up to Rs 1 lakh for people aged between 18 and 70 years.Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): Pradhan Mantri Jeevan Jyoti Bima Yojana offers an affordable life insurance cover with an annual premium of Rs 436. In the event of the policyholder’s death, the family receives Rs 2 lakh, with the scheme open to individuals aged 18 to 50 years and coverage continuing until the age of 55.Ayushman Bharat and PM-JAY: Ayushman Bharat was launched to provide better healthcare access to poor and vulnerable families across the country. Under its key component, PM-JAY, eligible families receive health insurance coverage of up to Rs 5 lakh per year, covering hospitalisation, surgeries, medicines, tests, and follow-up treatment through cashless care at government and empanelled private hospitals.Aam Aadmi Bima Yojana (AABY): Aam Aadmi Bima Yojana is especially useful for people living in rural areas and those working in the unorganised sector. The scheme offers life insurance coverage at very low or zero premiums, providing financial assistance of up to Rs 30,000 in case of natural death and up to Rs 75,000 for accidental death or permanent disability.Niramaya Health Insurance Scheme: The Niramaya Health Insurance Scheme has been designed to meet the healthcare needs of persons with disabilities. It covers medical treatment, medicines, and healthcare services related to physical, mental, and intellectual disabilities at a nominal premium, offering much-needed relief to low-income families.
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With rising inflation and an uncertain future, insurance and health security have become a necessity for everyone. Many people stay away from insurance, fearing high premiums, but the truth is that the government offers schemes with annual premiums of less than Rs 100 while providing benefits worth several lakhs.
