Pradhan Mantri Suraksha Bima Yojana

Financial inclusion as a concept emphasis that individuals and business entities have right to gain access to beneficial and affordable financial services that satisfactorily meet their demands in their daily living and transaction. It is an important aspect that has positively enhanced social and economic progress of the nation, financial inclusion is an attempt to furnish an easy access to affordable and rewarding financial services to the disorganized segments and small income class of the economy. In order to protect the vulnerable and disadvantage populace from uncertainties that may occurred as a result of road accidental death or disability attributed to accident, the Union Government of India introduced PMSBY in the year 2015 aiming to provide a universal social insurance scheme mainly for Indians as part of securing their lives from risks, the scheme is managed through public sector general insurance companies( PSGIC) and other general insurance companies who are at that capacity to avail the product on same term with requisite approval and cooperation with banks/ post office for this purpose.