The people who are below the poverty line and cannot afford insurance can apply for Pradhanmantri Suraksha Bima Yojana. It is a one-year life insurance program that can be renewed every year and it provides coverage for any cause of death. Individuals with savings bank or post office accounts between the age of 18 to 17 are eligible to participate in the scheme. Minimum insurance of Rs 2 lakh is granted for accidental death and disability.