SBI Offers Rs 2 lakh Accident, Insurance Cover For Less Than Re 1 A Day

State Bank of India (SBI) offers, inter alia, two insurance policy schemes that charge a paltry amount of insurance premium, and offer a reasonably good insurance cover of Rs 2 lakh. Known as Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Bima Yojana, the policies available at SBI offer accident cover and term insurance plan, respectively. The former charges a premium of Rs 12 per annum, while the latter charges Rs 330...