Affordable Housing

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

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Indian government launched Pradhan Mantri Suraksha Bima Yojana (PMSBY) protect your future as well as it is the insurance policy available at the lowest premium. Finance Minister Arun Jaitley announced Pradhan Mantri Suraksha Bima Yojana (PMSBY) on February 28, 2015 in his annual budget 2015-16. There are very large number of people in India who do not have any kind of life insurance.

Keeping in view the success of the Pradhan Mantri Jan Dhan Yojana, Finance Minister Arun Jaitley has put forward the Pradhan Mantri Suraksha Bima Yojana (PMSBY) with full enthusiasm. In future, government will link Pradhan Mantri Suraksha Yojana with Pradhan Mantri Jan Dhan Yojana.

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Overview Of Pradhan Mantri Suraksha Bima Yojana (PMSBY)

  • Pradhan Mantri Suraksha Bima Yojana is a type of accident insurance policy, whereby you can also claim for the sum insured on death or disability during the accident.
  • The Pradhan Mantri Suraksha Bima Yojana will remain valid for one year, which you can renew after one year.
  • Under the Pradhan Mantri Suraksha Bima Yojana, after the death and completely disabled, Rs 2 lakh and partly as a disability, a sum insured of Rs.1 lakh will be given.
  • A person from 18 to 70 years can join Pradhan Mantri Suraksha Bima Yojana. On joining the Pradhan Mantri Suraksha Bima Yojana, account holder will get the amount of 12 rupees per year as a premium.

Eligibility For Pradhan Mantri Suraksha Bima Yojana (PMSBY)

  • The age of applicant should less than 70 years.
  • The age of applicant should greater than 18 years.
  • You must have Aadhar card to connect with the Pradhan Mantri Suraksha Bima Yojana.
  • If a consumer has one or more savings accounts, then they can join the scheme through a savings account.

Features Of Pradhan Mantri Suraksha Bima Yojana (PMSBY)

  • You can start this accident insurance plan every year only on annual payment of Rs. 12.
  • The family of joining the insurance scheme will get compensation of up to Rs 2 lakh in case of accident.
  • It will deduct premium every year from the insurer’s bank.
  • Either the insured can renew this plan every year or he can tell during the time limit application.

Details of the termination of insurance plan

  • If the life of the insured person has reached 70 years.
  • If there is no remaining funds remaining in the insured bank’s bank account.
  • In case the insurance holder’s prime minister insurance scheme is going on differently, then by shutting down all others will be valid only one.

Pradhan Mantri Suraksha Bima Yojana Premium Payment

For this scheme, the holder will have to pay only 12 rupees per year, which bank will deduct directly from the bank by the bank.

Coverage Of Pradhan Mantri Suraksha Bima Yojana

  • At the time of the accident, death or full physical disability, then he/she will get 2 lakh rupees.
  • In case of partial disability you will get 1 lakh.

Pradhan Mantri Suraksha Bima Yojana Options

  • Fill the form before June 1 of every year. After submitting the form the bank will deduct the premium amount from the account.
  • The second option is the 2 to 4 year long time risk coverage. If the holder chooses it, then the premium amount will deduct from the account by the bank automatically per year.

Date Of Pradhan Mantri Suraksha Bima Yojana

  • As per the current instructions, the period of Pradhan Mantri Suraksha Bima Yojana is fix from 1 June 2015 to 31 May 2016.
  • Even after this period, consumers can join the Prime Minister’s Security Insurance scheme for which some conditions have been kept.
  • The holder will have to fill the premiums as per the premiums under the Pradhan Mantri Suraksha Bima Yojna on May 12 of the year before May 31.

Application Form for Pradhan Mantri Surksha Bima Yojana

Claim Form for Pradhanmantri Surksha Bima Yojana

Application form for claiming the sum insured under the Prime Minister’s Security Insurance Scheme should be obtained from the bank, insurance company and online at http://financialservices.gov.in/HINDI/jansurakshaHindi/FINAL%20PMSBY%20CLAIM%20FORM.pdf website.

Rejoining Criteria For Pradhanmantri Surksha Bima Yojana

If the holder has left him for some reason after joining the Prime Minister’s Security Insurance scheme, then he can join it again.

Benefits Of Pradhan Mantri Suraksha Bima Yojana

  • Account holder will get Accidental life insurance of Rs 2 lakh under the Pradhan Mantri Suraksha Bima Yojana.
  • Also, in case of partial loss you will get one lakh rupees.
    For this sum insured, the holder will have to pay only 12 rupees per year ie Rs 1 per month as a premium.
  • In future, government will link Pradhan Mantri Suraksha Yojana with Pradhan Mantri Jan Dhan Yojana.
    Due to this being attached to the Pradhan Mantri Suraksha Yojana bank, the holder will be relieved of the worry of filling the premium as this amount will be deducted directly from the account.
    Pradhan Mantri Suraksha Bima Yojana is the most affordable insurance scheme till now.

For more information visit: http://www.awasyojanajaipur.com

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