Deductible is a cost-sharing requirement under a health insurance policy that provides that the insurer will not be liable for a specified rupee amount in case of indemnity policies and for a specified number of days/hours in case of hospital cash policies which will apply before any benefits are payable by the insurer. A deductible does not reduce the Sum Insured.
Pradhan Mantri Suraksha Bima Yojana - PMSBY - Premium: Rs.12/- per annum per member will be deducted from the account holder's savings bank account
PMSBY - Benefits - Death Rs. 2 Lakh, Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot Rs. 2 Lakh,
PMSBY Benefits - Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot Rs. 1 Lakh
PMSBY - All savings bank account holders in the age 18 to 70 years
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