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PM Suraksha Bima Calculator

Calculate premium and coverage for PMSBY accident insurance

Coverage Details

  • โ€ข Accidental Death: โ‚น2,00,000
  • โ€ข Total Permanent Disability: โ‚น2,00,000
  • โ€ข Partial Permanent Disability: โ‚น1,00,000
  • โ€ข Premium: Only โ‚น20 per year
  • โ€ข Age: 18-70 years
Accidental Death Cover
โ‚น2,00,000
โ‚น2 Lakhs
Annual Premiumโ‚น20
Monthly Costโ‚น1.67
Disability Coverโ‚น1,00,000
Total Premium (20 years)โ‚น400
Tip: At just โ‚น20/year, this is India's most affordable accident insurance. Highly recommended for everyone!

About This Calculator

The Pm Suraksha Bima Calculator Calculator helps you estimate the future value of your investments and plan your financial goals effectively. Whether you're saving for retirement, children's education, or wealth creation, understanding potential returns is essential. Our calculator shows projected maturity amount, total investment, and returns based on your inputs. It accounts for compound interest and provides year-wise growth projections. Use this tool to compare different investment scenarios and make informed decisions. Start planning your financial future today with accurate calculations at your fingertips.

How It Works

Pm Suraksha Bima Calculator works on the principle of compound interest, where your returns generate additional returns over time. The power of compounding significantly increases your wealth in the long term. Regular investments, even small amounts, can grow substantially over extended periods. Key factors affecting your returns include the investment amount, expected rate of return, investment frequency, and time horizon. Historical data shows that equity investments typically offer 12-15% returns, while debt instruments provide 7-9% returns over the long term. However, past performance doesn't guarantee future results. Our calculator helps you set realistic expectations and plan accordingly. It's important to start investing early to maximize the benefits of compounding. The calculator uses mathematical formulas to project future values based on your inputs.

Example Calculation

Scenario: Monthly investment of โ‚น10,000 at 12% for 15 years

  • โ€ข Monthly Investment: โ‚น10,000
  • โ€ข Expected Return: 12% per annum
  • โ€ข Investment Period: 15 years

Frequently Asked Questions

What is PM Suraksha Bima Yojana?

PMSBY is a government accident insurance scheme offering โ‚น2 lakh cover for accidental death and โ‚น1 lakh for permanent disability for just โ‚น20 per year.

Who is eligible for PMSBY?

Indian citizens aged 18-70 years with a savings bank account. Auto-debit consent is required for annual premium deduction.

What is covered under PMSBY?

Accidental death (โ‚น2 lakh), total permanent disability (โ‚น2 lakh), and partial permanent disability (โ‚น1 lakh) are covered.

Can I have both PMJJBY and PMSBY?

Yes, you can enroll in both schemes. PMJJBY covers all deaths while PMSBY covers only accidental death and disability.