insurance cover is renewable each year. 2)Up to ₹2 lakh cover is payable to the nominee of the subscriber if he or she dies in an accident or is totally disabled due to the accident.
3)The subscriber can avail of the long-term option or renew the scheme every year. 4) The subscriber can exit the scheme at any time and can sign up at any time in the future.
5) The subscriber can also avail deduction under Section 80C for the premium paid. The sum insured received up to Rs.1 lakh is tax-free under Section 10(10D).
Axis Bank Bank of India Bank of Maharashtra Bharatiya Mahila Bank Canara Bank Central Bank Federal Bank HDFC Bank ICICI Bank IDBI Bank IndusInd Bank Kerala Gramin Bank Kotak Bank Punjab and Sind Bank Punjab National Bank South Indian Bank State Bank of India UCO Bank Union Bank of India United Bank of India -ThePMSBY form can also be downloaded from the government’s Jan Suraksha website. -The registration process can be initiated either through the respective bank’s Internet banking facility -The process can also be initiated simply by sending an SMS to the onboarding organization’s toll-free number.Milestone Alert!
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