Pradhan Mantri Suraksha Bima Yojana: Get insurance up to 2 lakh in just 12 rupees premium, know the specialty of the policy

Pradhan Mantri Suraksha Bima Yojana: Get insurance up to 2 lakh in just 12 rupees premium, know the specialty of the policy

It is very important to get insurance to keep the family safe in future problems, but it is not possible for the poor people to pay a higher premium. To help such people, the government is running the Pradhan Mantri Suraksha Bima Yojana. In which you can claim insurance up to 2 lakh by paying a premium of just Rs 12 annually.

This accident insurance scheme is very cheap compared to other policies. The government started this scheme in the year 2015 to secure the future of the weaker section people and to help the family members if they do not live. So what is this policy and how to take benefit of it, know the complete details.

From accident to death, one gets claim

Under the PM Suraksha Bima Yojana, if the insured dies in an accident, then his family and nominee will get two lakh rupees. At the same time, if the person is partially disabled during the accident, then he will be given one lakh rupees. Whereas even if completely disabled, he will be given full two lakh rupees.

Who can take policy

People between 18 and 70 years of age can take advantage of this policy. In this, a premium of 12 rupees is automatically deducted every year from the bank account of the insured. If you want to surrender this policy, you can close it by giving an application in the bank where you have an account.

How to apply

For applying under PM Suraksha Bima Yojana, the policy holder should have an active saving bank account. It is mandatory to link Aadhaar card with bank account. Fill the form of the plan for the application, as well as make a photocopy of the Aadhar card, bank account passbook, age certificate and income certificate and keep a passport size photo. For detailed information, you can visit the website https://jansuraksha.gov.in/Forms-PMSBY.aspx.


Why is the price of copper rising so fast in the world, including India, in the midst of the Corona crisis?

Why is the price of copper rising so fast in the world, including India, in the midst of the Corona crisis?

There is a record boom in the commodity market globally. Apart from steel, aluminum, copper is also doing business at a record level. On Thursday, the price of copper in the international market has crossed a record $ 10,000 per ton. The price of Shanghai copper has also reached the highest level in the past 10 years. Copper futures are also at record highs in the past decade in London, amid concerns over supply and weak dollar.

Information and agencies related to the commodity market say that in the coming time, the price of copper will see a boom. There are several reasons for this record boom in copper. For example, economic recovery has been seen worldwide, industrial copper consumption has increased in China, and Chile, which produces about a quarter of the global copper, has announced a tax of 75 per cent on its mining. Apart from this, due to the increasing trend of electric vehicles, the demand for copper is increasing.

If we talk about the Indian market, the price of copper was at the highest level till last week. Copper futures on Thursday were up 0.53 per cent at Rs 765.10 per kg. Copper futures for May delivery on the Multi Commodity Exchange (MCX) gained Rs 4, ie 0.53 per cent. The demand for copper has increased in India too.

Why is the copper price rising so fast?

1. Demand more and supply less: Sometime ago the Chilean Port Workers and Mining Association opposed a bill by the government. In fact, the Chilean government had introduced a new bill, under which workers were asked to block premature withdrawal from their pension funds for the third time.

About a quarter of the total global copper production comes from Chile. After the opposition of the association and the workers, the copper supply decreased and prices increased.

Apart from this, due to Kovid-19 in South America, many major commodity exports like iron ore and copper have been affected. Even in America, the importance of copper is seen as a raw material in Joe Biden's infrastructure plan.

However, in terms of supply, copper output in Peru has gone up by about 19 percent during the month of March. Globally, there has been some relief from this.

2. Less inventory: There has been a sharp decline in registered copper inventories on the London Metal Exchange. Analysts estimate that there has been a downward trend in this. As of 26 April 2021, the copper inventory at the London Metal Exchange was only 1,55,100 tonnes. In the second fortnight last month, it has reduced by 10 per cent.

3. Demand increased: Construction activities in China have increased this year. After this, the demand for copper in China has also increased. Let us know that half of the total consumption of copper in the world is from China. Analysts say that China consumes the most copper and now demand has increased due to large scale construction here. This is also a reason why the price of copper is getting faster.

A boom in economic development is now being expected in America. It will also have an impact on global economies. In the era of Kovid-19 crisis, countries around the world have announced an incentive package. On the other hand, good news is also coming about the corona vaccine. Both these factors have affected the price of copper.

4. Green Infrastructure: Demand for electric vehicles is increasing worldwide to reduce carbon footprint and promote the use of clean energy. Electric vehicles use twice as much copper as internal combustion engines. In such a situation, with the increase in demand for electric vehicles, the demand for copper will also increase.

What is the estimate of agencies?

In a recent report by Goldman Sachs, estimates say that by 2025, copper prices can reach $ 15,000 per tonne. The report titled 'Copper is the new oil' says that banks believe that by 2030, the annual demand for copper will rise by 900 per cent from the current level to 87 lakh tonnes.

Trading houses Trafigura Group and Bank of America also believe that copper prices have increased. Bank of America says that in the coming months, the price of copper can reach $ 13,000 per tonne.


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