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New Delhi : Under Pradhan Mantri Jan-Dhan Yojana (PMJDY), a free RuPay debit card is provided to the PMJDY account holders with inbuilt accident insurance cover of Rs. 1 lakh. This coverage amount has since been raised from Rs 1 lakh to Rs 2 lakh to PMJDY accounts opened after August 28, 2018. This was stated by Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in written reply to a question in Rajya Sabha on September 20, 2020.

Giving more details, the Minister said that all eligible and willing PMJDY account-holders can enroll under Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), according to a PIB release. Under PMSBY, accident insurance coverage of Rs 2 lakh is provided to enrolled beneficiaries in the age group of 18 years to 70 years with an annual premium of Rs 12 only through auto-debit from bank account with express consent of the account holder.

Under PMJJBY, life insurance coverage of Rs 2 lakh is provided to enrolled beneficiaries in the age group of 18 years to 50 years for an annual premium of Rs 330 through auto debit from bank account with express consent of the account holder