Pradhan Mantri Suraksha Bima Yojana: You will be surprised to know about this insurance scheme, in which you will get accidental coverage up to Rs 2 lakh by spending only Rs.
PMSBY: Nowadays getting insurance is not a cheap job and you have to spend thousands of rupees annually in this. Accidental insurance is very useful in case of an accident, but its premium rates are very high in private companies. In such a situation, it has not been easy for the general public to get insurance with accidental coverage. However, to solve this problem of the people of the country, Pradhan Mantri Suraksha Bima Yojana is a scheme that can provide accident insurance or accident coverage to them at the expense of only 12 rupees per year. Know here about similar schemes of the government-
When was the scheme started / what is the purpose
The Prime Minister’s Suraksha Bima Yojana was announced by the then Finance Minister Arun Jaitley in his annual budget 2015-16 on February 28, 2015. The purpose of this scheme is to provide protection insurance to the huge population of India who do not have life insurance. Under this insurance scheme, accident insurance will be done at an annual premium of Rs.12. This scheme is for people in the age group of 18 years to 70 years. Pradhan Mantri Suraksha Bima Yojana is a type of accident insurance policy under which the amount of insurance can be claimed in case of death or disability at the time of accident.
What is the coverage available under this
If the person taking the insurance under this scheme dies in an accident, or if both eyes or both hands or both legs are damaged in the accident, then he can get 2 lakh rupees as protection insurance. Since the accidental coverage (full 2 lakh / partial 1 lakh) is available in this, then there is a provision of giving a sum insured of Rs 2 lakh in case of death and total disability and Rs 1 lakh in case of partial disability.
Who can apply for the scheme
People in the age group of 18 to 70 years can apply for Pradhan Mantri Suraksha Bima Yojana. On joining the Pradhan Mantri Suraksha Bima Yojana, an amount of Rs 12 per year will have to be paid to the holder as premium. Pradhan Mantri Suraksha Bima Yojana will be valid for 1 year, which will have to be renewed every one year.
What are the conditions under Pradhan Mantri Suraksha Bima Yojana
Only people between the age group of 18 to 70 years can take the benefit of this scheme.
To join the insurance scheme, it is necessary to have aadhar card.
If a subscriber has 1 or more savings accounts, then they can join the scheme through any one savings account.
To join PM Suraksha Bima Yojana, you have to do this
To be a part of the Pradhan Mantri Suraksha Bima Yojana, the applicant will first have to link his Aadhar card with the bank, after which every year before 1 June, a form will have to be filled and given to the bank. If someone has a joint account, then in this situation all the account holders can join the scheme. Also, this scheme can be joined only through one bank account.
Premium payment
For this scheme, the holder will have to pay only Rs 12 per year, which will be deducted directly from the account by the bank.
How to apply
To register under the Pradhan Mantri Suraksha Bima Yojana, the account holder will have to login to the internet banking facility of his bank where he has a savings account. A person can take advantage of PM Suraksha Bima Yojana through only one bank account. The scheme has a one-year cover from June 1 to May 31, which has to be renewed every year through the bank. The premium amount in the scheme is Rs 12 per year inclusive of all taxes which are deducted from the account of the insured on or before 1st June every year through auto-debit service.
