Home |Pradhan Mantri Suraksha Bima Yojana | For Pradhan Mantri Suraksha Bima Yojana, How will the premium be paid ?

For Pradhan Mantri Suraksha Bima Yojana, How will the premium be paid ?

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Aisha Aisha
Answered on March 28,2019

The premium will be deducted from the account holder’s savings bank account through ‘auto debit’ facility in one installment, as per the option to be given on enrolment. Members may also give one-time mandate for auto-debit every year till the scheme is in force, subject to re-calibration that may be deemed necessary on review of experience of the scheme from year to year.

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