Pradhan Mantri Suraksha Bima Yojana

 Department of Financial Services.

The Scheme is to be had to human beings within the age organization 18 to 70 years with a financial institution account who supply their consent to sign up for / permit car-debit on or earlier than thirty first May for the insurance period 1st June to 31st May on an annual renewal foundation. Aadhar would be the number one KYC for the bank account. The threat coverage beneath the scheme isRs.2 lakh for unintentional demise and complete incapacity and Rs. 1 lakh for partial disability. The top class of Rs. 12 consistent with annum is to be deducted from the account holder’s bank account through ‘auto-debit’ facility in a single installment.

The scheme is being provided through Public Sector General Insurance Companies or another General Insurance Company who are inclined to offer the product on comparable phrases with necessary approvals and tie up with banks for this purpose.

Pradhan Mantri Suraksha Bima Yojana has been announced with the aid of the authorities of India as one of the 3 social security schemes. PMSBY is an unintended coverage scheme that gives unintended death and incapacity insurance for one year, with an annual renewal.

With the minimal top class charge of Rs. 12/- in step with annum this policy is most beneficial to the negative and occasional-income section of the society. Pradhan Mantri Suraksha Bima Yojana presents existence insurance of Rs. 2 lakh for the unintended demise and everlasting general disability and Rs. 1 lakh for everlasting partial disability.

Individuals in the age organization of 18-70 years having a taking part financial savings financial institution account can enroll in this scheme. In case you have got multiple saving bank account you can subscribe to the scheme with the aid of the usage of only one saving bank account. To help you recognize more about the Pradhan Mantri Suraksha Bima Yojana, in addition in this text we've got in short discussed the numerous elements of the policy.

What is Covered Under PMSBY Policy and for How Much?

Under Pradhan Mantri Suraksha Bima Yojana a dying benefit of Rs. 2 lakh is to be had to the beneficiary of the policy in case of unintended death of the insured man or woman. Moreover, coverage of Rs. 2 lakh is provided in case of general incapacity like irrecoverable or overall loss of each the eyes, or loss of use of each the hands and toes, paralysis, etc. In case of partial disability, a existence insurance of Rs1lakh is supplied to the insured character.

The insurance supplied by PMSBY is further to any other insurance plan the subscriber has. As this is a pure existence insurance plan the scheme does now not provide any mediclaim i.E. It does no longer offer any repayment of hospitalization charges induced because of an accident.

Inclusion and Exclusion:

As defined under Pradhan Mantri Suraksha Bima Yojana any dying, injuries, and disability caused due to herbal calamities is included by using the policy. However, the plan does no longer provide any insurance against suicide however loss of life because of murder is covered under the coverage. The plan additionally does no longer provide any coverage in case of irrecoverable lack of eyesight lack of one hand or foot.

Process to Subscribe Pradhan Mantri Suraksha Bima Yojana through SMS:

  • The eligible subscriber is despatched an SMS asking them to respond with ‘PMSBY<space>Y’.
  • In order to enroll the scheme, the subscribers want to answer to the SMS ‘PMSBY<space>Y’.
  • In reaction the customer to the SMS an acknowledgment message is sent to the customer.
  • For similarly processing, the application ought to have details of the subscriber’s name, marital status, date of beginning and so on.
  • The info are taken directly from the participating bank account of the subscriber.
In case the desired info of the subscriber aren't to be had within the banking statistics, the confirmation system will now not be taken ahead and the subscribers will have to follow physically from the nearest branch.

If vehicle debit of the top rate fails as a result of inadequate stability the insurance of the coverage will quit however the policy will nonetheless be in pressure.

Process to Subscribe Pradhan Mantri Suraksha Bima Yojana thru Net-Banking:

According to the selected account the coverage cover quantity, nominee information and top class amount may be displayed at the display.

You can either choose the saving account nominee or add a brand new nominee.

5-Once you're finished with provide the call of your coverage nominee click on the following details: -

  • Good fitness statement.
  • Scheme details, terms, and situations
  • “I do now not hold another policy for the same”

6- when you click on the retain button the particular policy will be displayed at the screen.

7- Verify the info crammed within the application form and click on on verify.

8- You may be provided with an acknowledgment slip which has a unique identity variety.

9- For any similarly reference don’t neglect to shop the acknowledgment number.

Eligibility Criteria for PMSBY:Individuals between the age group of 18-70 years are eligible to buy PMSBY. Moreover, NRI’s too can be part of the policy, furnished that any claims will be paid to the beneficiary of the policy in have to be in the Indian currency.

Important links

Official website

Application Form

Claims Form

State Wise Toll-Free Numbers

More Details visit here

What to do in Case of Claim:The Pradhan Mantri Suraksha Bima Yojana presents accidental dying and incapacity insurance that's confirmed by means of documentary evidence. In case of unintentional dying of the insured man or woman, the accident ought to be stated to the police station and need to be clarified by way of instantaneous medical institution facts. The declare can be filed with the aid of the beneficiary of the coverage stated within the enrolment form by way of the insured. In case of the incapacity claim, the sum confident quantity will be credited to the bank account of the policyholder and in case of death, the dying gain could be paid to the beneficiary of the coverage Pradhan Mantri Suraksha Bima Yojana - Features And Benefits - https://www.Jansuraksha.Gov.In

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