The annual premium of PMSBY is only Rs. 12. You have to pay this premium at the end of May. This amount is automatically deducted from your bank account on 31 May.
New Delhi. The bank is sending an SMS about the deduction of premium for Pradhan Mantri Suraksha Bima Yojana (PMSBY). At the same time, through other methods of communication, they are also informing their savings account holders (Savings account). Let us know that Pradhan Mantri Suraksha Bima Yojana is a scheme that provides accidental death and insurance on disability. It is a one-year cover and is renewed annually by the individual. For those who have already enrolled for PMSBY scheme, the premium of 12 rupees (including GST) is deducted from their account through auto debit facility. Your bank account will usually be debited between 25 May to 31 May every year. Apply online for PMSBY
The bank account will be debited only for those who have enrolled for Pradhan Mantri Suraksha Bima Yojana. One can apply for PMSBY scheme online by filling the application form in the bank or logging in on the netbanking of his bank.
PMSBY’s annual premium is Rs 12
PMSBY’s coverage period from 1 June to 31 May every year. S. If someone wants to continue this plan, then the renewal premium is paid in the month of May. The annual premium of PMSBY is only Rs. 12. You have to pay this premium at the end of the month of May. This amount is automatically deducted from your bank account on 31 May. If you have taken PMSBY then you must keep the balance in the bank account. Know when you get money?
People between the age of 18-70 years can avail the benefit of PMSBY scheme. The premium of PMSBY policy is also deducted directly from the bank account. The bank account is linked to the PMSBY at the time of purchasing the policy. According to the PMSBY policy, on the death or accident of a customer buying insurance, the dependent gets a sum of Rs 2 lakh.
Learn the process of claim
To claim the insurance amount, the nominee or the person concerned must first go to the bank or insurance company from where the policy was purchased. A form will be found here, which will have to be filled and submitted to the nominee. Information like name, address and phone number will have to be filled in it.
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