Pradhan Mantri Suraksha Bima Yojana

The PMSBY is an accident insurance scheme that offers coverage for accidental death or disability due to an accident. It was launched by Prime Minister Narendra Modi on May 9, 2015, in Kolkata, West Bengal, to provide affordable insurance coverage for everyone.

You can get up to Rs. 2 lacs by paying Rs.20/- per annum per member. However, on annual premium payment, you’ll get one year of coverage under PMJJBY valid from June 1 to May 31. It would be a one-year cover, renewable from year to year.

Bank or post office account holders between the ages of 18 and 70 years in participating banks/ post offices can opt for the PMSBY scheme.The public sector term insurance company and other general insurance companies provide the PMSBY scheme.

Pradhan Mantri Suraksha Bima Yojana Details

Pradhan Mantri Suraksha Bima Yojana Benefits

The Pradhan Mantri Suraksha Bima Yojana benefits scheme are as follows:

How Can I Apply for Pradhan Mantri Suraksha Bima Yojana?

Pradhan Mantri Suraksha Bima Apply Online

You can easily opt for the PMSBY online through your bank’s internet banking portal.

• Log in to your bank’s net banking portal.
• Click on the insurance tab.
• Navigate to the social security schemes and select the PMSBY scheme.
• Select the account you want to use to pay your premium.
• After that, apply or download the acknowledgment receipt.

Pradhan Mantri Suraksha Bima Apply Offline

In order to enroll for this scheme offline, you can do so by submitting the Pradhan Mantri Suraksha Bima Yojana form.

• Visit the official site jansuraksha.gov.in and download the form.
• After that, fill out all the details along with the required documents and submit it to the bank.
• Once the application is submitted, you’ll get an acknowledgment slip and certificate of insurance.

Claim Procedure of Pradhan Mantri Suraksha Bima Yojana

Claim Intimation

The nominee shall submit the duly completed claim form to the bank, preferably within 30 days of the occurrence of the accidental disability or death of the insured person due to an accident.

Claim Submission

Fill out all the details along with the required documents and submit it to the bank. The following documents needed to be submitted:

• Proof of permanent disability due to an accident or death.
• The insured person and nominee’s Aadhaar and PAN number.
• KYC document in respect of the nominee/appointee/claimant
• First two pages of the passbook or canceled cheque of the account of the nominee/appointee/claimant.
• Proof of being a legal heir, in case the claimant is other than the Insured member/Nominee/Appointee.
• Advance receipt for discharge of claim, duly filled in and signed

Claim Settlement

The authorized official of the bank/post office shall check the insured member’s account and confirm all the details. He will certify the correctness of the information given in the claim form and the duly completed.

The bank/post office will forward the claim documents electronically to the designated email ID of the partner insurer within seven days of the submission of the claim.

After that, the claim amount will be credited to the insured’s or the claimant’s bank account.

Conclusion

With Pradhan Mantri Suraksha Bima Yojana, you can get protection against accidental death and disability due to an accident. It is a one-year cover that you have to renew on an annual basis. The government launched this scheme, and it is available at a highly affordable premium of Rs. 20/- per year.

To know about these sorts of cost-effective plans, you can reach out to us via the website Policyx.com or call us at 1800-4200-269.