Pradhan Mantri Suraksha Bima Yojana

Pradhan Mantri Suraksha Bima Yojana :- Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an Accident Insurance Scheme launched on May 9, 2015, that covers accidental death and disability. It provides one-year coverage that can be renewed each year. Public Sector General Insurance Companies and other approved insurance companies will offer this scheme in partnership with banks and post offices. Let’s check the details of Pradhan Mantri Suraksha Bima Yojana.

Table of Contents

What Is Pradhan Mantri Suraksha Bima Scheme?

Pradhan Mantri Suraksha Bima Scheme is an Accident Insurance Scheme that covers accidental death and disability.

Premium:
The premium is Rs. 20 per year per member, deducted automatically from the account holder’s bank or post office account by June 1st each year.

Coverage Duration:
Coverage lasts for one year, from June 1st to May 31st, after paying the annual premium.

Termination of Coverage:
Accident cover ends or is limited if:

The member turns 70 years old.
The bank account is closed or doesn’t have enough funds.

If a member is signed up through more than one account and premiums are paid by mistake, the insurance cover is capped at Rs. 2 lakh.

Overview Table of Pradhan Mantri Suraksha Bima Yojana

Aspects	Details
Scheme Name	Pradhan Mantri Suraksha Bima Yojana
Launch Date	May 9, 2015
Coverage	Accidental death and disability
Premium	Rs. 20 per year per member
Coverage Duration	One year, from June 1st to May 31st
Coverage Termination	– Member turns 70 years old. – Bank account closure or insufficient funds. – Premiums paid by mistake through multiple accounts capped at Rs. 2 lakh.
Eligibility	– Individuals holding bank accounts with participating banks. – Age: 18 to 70 years. – Consent for auto-debit. – Automatic enrollment.
Application Process	1. Visit the bank branch or official website to download the form. 2. Fill and submit the form with necessary documents. 3. Receive Acknowledgement Slip Cum Certificate of Insurance.
Required Documents	Aadhaar details

Pradhan Mantri Suraksha Bima Yojana Benefits

The applicant will get accident life insurance of Rs 2 lakh under the Pradhan Mantri Suraksha Bima Yojana. Apart from this, insurance benefit of Rs 1 lakh will be available on partial loss.
The applicant will have to pay only Rs 20 per year premium to avail the benefits of this insurance.
The Pradhan Mantri Suraksha Bima Yojana provides insurance cover from June 1 to June 31.
So far 29 crore people have been insured under this scheme.
The Pradhan Mantri Suraksha Bima Yojana is the cheapest insurance system of the central government.
The poor families of the country will get the benefit of health insurance from this scheme, which will make them self-reliant.

Pradhan Mantri Suraksha Bima Yojana Eligibility

To avail the benefits of this scheme, the applicant must be a citizen of India.
The poor and backward class families of the country will get the benefit of this scheme.
The age of the applicant should be between 18 years to 70 years.
The applicant must have a bank account.

Pradhan Mantri Suraksha Bima Yojana Documents

Aadhar Card
Ration Card
Driving License
Voter ID
Income Certificate
Mobile Number
Passport Size Photo
Bank Account

Pradhan Mantri Suraksha Bima Yojana Application Process

visit the official website of Jan Suraksha .
After this the home page of the website will open in front of you.
You have to click on the form option on the home page.
You will see three options when you click.
You have to choose in Pradhan Mantri Suraksha Bima Yojana.
You will see the application form as soon as you click.

Now you have to choose your language to download the application form.
Now you have to take a print out of the application form and fill in the required information (such as name, address, mobile number, email ID, Aadhaar number).
After entering all the details, the required documents have to be added to the application form.
Now you have to submit this application form to the bank where you have an account.
In this way you can apply to join Pradhan Mantri Suraksha Bima Yojana.

Pradhan Mantri Suraksha Bima Yojana Overview & Benifits