PMSBY Full Form In English
PMSBY stands for Pradhan Mantri Suraksha Bima Yojana. It is a government-backed accident insurance scheme launched by the Government of India to provide affordable insurance coverage to people, especially from the weaker sections of society. The scheme offers accidental death and disability coverage at a very low premium, making it accessible to a large section of the population.
PMSBY Full Form In Hindi
PMSBY का पूरा नाम प्रधान मंत्री सुरक्षा बीमा योजना है। यह भारत सरकार द्वारा शुरू की गई एक दुर्घटना बीमा योजना है, जिसका उद्देश्य गरीब और कमजोर वर्ग के लोगों को कम प्रीमियम पर बीमा सुविधा उपलब्ध कराना है। इस योजना के तहत आकस्मिक मृत्यु और विकलांगता के लिए बीमा कवर प्रदान किया जाता है।
Read More: G20 Full Form In English And Hindi
Frequently Asked Questions
What is the full form of PMSBY?
The full form of PMSBY is Pradhan Mantri Suraksha Bima Yojana.
When was PMSBY launched?
PMSBY was launched by the Government of India in May 2015.
What is the age eligibility for PMSBY?
The scheme is available to individuals between the ages of 18 and 70 years with a bank account.
What type of insurance coverage does PMSBY provide?
PMSBY provides accidental death and disability insurance coverage.
How much is the annual premium for PMSBY?
The annual premium for PMSBY is very low, just Rs. 12 per year.
Who can avail benefits under PMSBY?
Any Indian citizen with an eligible bank account and within the age limit can enroll in the scheme.
Conclusion
PMSBY, or Pradhan Mantri Suraksha Bima Yojana, is a highly beneficial government initiative that ensures affordable accident insurance coverage for people, especially from economically weaker sections. With a minimal premium of Rs. 12 per year, it provides significant financial security against accidental death or disability. This scheme reflects the government’s commitment to promoting financial inclusion and social security for all citizens.
