Pradhan Mantri Suraksha Bima Yojana is another Insurance scheme by Modi Goverment which will help the family to cope with the situation on death of bread winner of family. The Scheme guidelines are as below;
Eligibility: Available to people in age group 18 to 70 years with bank account.
Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. Risk Coverage: For death due to accident Rs.2 lakh payable to nominee. In case of loss of two eyes OR tow limbs Rs.2 lakh payable to assured. In case of loss of one eye OR one limb Rs.1 lakh payable to assured
Eligibility: Any person having a bank account can submit simple form to the bank and get enrolled for the scheme.
The premium paid will be tax-free under section 80C and also the proceeds amount will get tax-exemption u/s 10(10D).But if the proceeds from insurance policy exceed Rs.1 lakh , TDS at the rate of 2% from the total proceeds if no Form 15G or Form 15H is submitted to the insurer.
1 comment:
Due to death in home. During night time heart attack... Insurance will cover. How much money will get
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