PMSBY - Understanding India's Insurance Scheme Acronym By Claude August 16, 2023 PMSBY is an acronym that you may come across in reference to government-sponsored insurance programs in India. But what does PMSBY represent specifically? PMSBY stands for the "Pradhan Mantri Suraksha Bima Yojana" scheme. Here's a closer look at what this insurance program entails: Pradhan Mantri Suraksha Bima Yojana - This is the full form and name of the scheme abbreviated as PMSBY. Translated from Hindi, it means Prime Minister's Security Insurance Plan. Accident insurance scheme - PMSBY provides accidental death and disability cover to subscribers for a minimal annual premium. It currently covers over 21 crore Indians. Launched in 2015 - The scheme was launched by Prime Minister Narendra Modi in 2015 to increase accident insurance penetration affordably. Covers partial/full disability - In addition to accidental death benefits, PMSBY also provides compensation for partial or permanent disabilities suffered in accidents. Annual premium of ₹12 - The annual premium is only ₹12 for coverage of ₹2 lakh. Renewal is required every year. Managed by public insurers - PMSBY is offered through public sector insurance companies like LIC, United India, National Insurance etc. So in summary, PMSBY is a pioneering Indian accident insurance scheme providing protection to millions for just ₹1 per month. Knowing the full form sheds light on this important social welfare program. ro plant in ranchi age calculator com net ai image converter nick finder password generator who is my isp whatsapp link generator love calculator comment picker fastdl keepvid ssyoutube y2mate ytmp3 net com ai igram yt1s yt5s url shortener ytmp3 ssyoutube djsongs savefrom

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