Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed social security scheme launched in India on May 9, 2015. The scheme is aimed at providing accidental death and disability insurance coverage to individuals at an affordable premium.

Here are some key features of the Pradhan Mantri Suraksha Bima Yojana:

1. Eligibility: Any Indian citizen between the ages of 18 and 70 years is eligible to join the scheme. The scheme is available to both individuals having a savings bank account and those who do not have one.
2. Insurance Coverage: PMSBY offers insurance coverage for accidental death and disability. In the event of an accidental death, the nominee of the insured receives a sum assured of ₹2 lakh (INR) (subject to applicable terms and conditions). For total and irrecoverable loss of both eyes or loss of use of both hands or feet, the insured receives a sum assured of ₹2 lakh (INR). In case of total and irrecoverable loss of sight of one eye or loss of use of one hand or foot, the insured receives ₹1 lakh (INR).
3. Premium: The premium for PMSBY is kept low to make it affordable for the general public. As of my knowledge cutoff in September 2021, the annual premium for the scheme is ₹12 (INR), and it is auto-debited from the subscriber’s linked bank account.
4. Enrollment Period: Individuals can join the scheme during a specified enrollment period, usually from June 1st to May 31st of the subsequent year. However, the exact enrollment dates may vary, so it’s advisable to check with the participating bank or financial institution for the current enrollment period.
5. Enrollment Process: Individuals can enroll in the Pradhan Mantri Suraksha Bima Yojana by filling out the application form and submitting it to their respective banks or insurance companies. The premium is automatically debited from the subscriber’s linked bank account on or before June 1st of each year.

It’s important to note that the details and terms of government schemes may change over time. Therefore, I recommend checking with the official government sources or the participating banks or insurance companies for the most up-to-date information on the Pradhan Mantri Suraksha Bima Yojana.

Who is eligible for Pradhan Mantri Suraksha Bima Yojana?

The eligibility criteria for the Pradhan Mantri Suraksha Bima Yojana (PMSBY) are as follows:

1. Citizenship: The scheme is available to Indian citizens only.
2. Age: Individuals between the ages of 18 and 70 years are eligible to join the scheme. The age criterion may vary depending on the terms and conditions set by the participating banks or insurance companies.
3. Savings Bank Account: The scheme is open to individuals who have a savings bank account. It is also available to those who do not have a savings bank account, but they need to open one to enroll in PMSBY.
4. Consent and Auto-Debit: The applicant must provide consent for auto-debit of the premium from their savings bank account. The premium is usually debited on or before June 1st of each year.

It’s important to note that the eligibility criteria and other details of government schemes may change over time. Therefore, I recommend checking with the official government sources or the participating banks or insurance companies for the most up-to-date information on the eligibility requirements for the Pradhan Mantri Suraksha Bima Yojana.

What is Pradhan Mantri Jeevan Suraksha Bima Yojana?
Under the Pradhan Mantri Suraksha Bima Yojana, the holder will be given an accident life insurance of Rs 2 lakh. Also, an insurance of one lakh will be given on partial loss. For this insurance amount, the holder has to pay only 12 rupees per year i.e. 1 rupee per month as premium.

Pradhan Mantri Suraksha Bima Kaise Milta Hai?

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accidental insurance scheme in India. To avail of this scheme, you can follow the steps outlined below:

1. Eligibility: Ensure that you meet the eligibility criteria for PMSBY, which include being an Indian citizen aged between 18 and 70 years.
2. Enrolling Bank Account: Have an active savings bank account. If you don’t have one, open a savings bank account with a participating bank.
3. Contact Participating Bank: Reach out to any participating bank or insurance company offering the PMSBY scheme. These banks include nationalized banks, regional rural banks, and some private sector banks. Inquire about their process and forms for enrolling in PMSBY.
4. Fill Application Form: Obtain the PMSBY application form from the participating bank or insurance company. Fill in the required details accurately and provide your consent for auto-debit of the premium from your linked bank account.
5. Submit Application: Submit the filled application form to the bank or insurance company. Ensure that all necessary documents and information, such as a photocopy of your Aadhaar card or any other identification document, are attached as per their requirements.
6. Premium Payment: Pay the annual premium amount, which is typically INR 12, at the time of enrollment. The premium is usually auto-debited from your linked bank account.
7. Confirmation and Coverage: Once the application and premium payment are processed successfully, you will receive an acknowledgment or policy document from the bank or insurance company. This confirms your enrollment in the scheme and provides the coverage details.

Remember to keep the policy document and related information safe for future reference. Additionally, note that the enrollment period for PMSBY may vary, so it’s advisable to check with the participating bank or insurance company for the current enrollment dates and any specific requirements they may have.

Visit Official Website : https://jansuraksha.gov.in/

પ્રધાનમંત્રી સુરક્ષા વીમા યોજનાની ગુજરાતીમાં માહિતી મેળવવા : અહીં ક્લિક કરો.