1. The Pradhan Mantri Suraksha Bima Yojana offers a life cover of Rs. 2,00,000 for one year to all its account holders. 2. This life cover is provided in case of accidental death or permanent disability. 3. A life cover of Rs. 1,00,000 is provided to the beneficiary in case of partial disability. 4.This scheme can be availed by any individual aged between 18 years to 70 years. 5.In case of the death of the account holder, the benefits of the scheme can be availed by his/her nominee. 6. The scheme provides an annual premium of Rs. 12 per annum per member. This premium is auto-debited in one instalment on or before 1st June of every year.