Pradhan Mantri Suraksha Bima Yojana Accidental Insurance

Pradhan Mantri Suraksha Bima Yojana is an accident insurance scheme that provides coverage for accidental death and disability on account of any accident that has happened that can be partial or total as well. This Pradhan Mantri Suraksha Bima Yojana is sponsored by the government of India.

Objective of Pradhan Mantri Suraksha Bima Yojana Accidental Insurance

The important objective of the Pradhan Mantri Suraksha Bima Yojana Accidental Insurance is to provide accidental insurance to the individual who are between 18 years and 70 years. The individual must have a bank account to apply this insurance.

A premium of rupees 20 is deducted per annum from the bank of the account holder. This is done through the auto debit facility in a single instalment. This accidental insurance is offered by the public sector general insurance.

Other firms who wish to provide this loan approval, can tie up with the banks in similar terms accordingly.

Complete Details

• The Pradhan Mantri Suraksha Bima Yojana Accidental Insurance deducts rupees 12 from the account holder via the auto debit from their bank directly.
• The cover will be for a period of one year from June 1 to May 31. But incase of any auto debit, after June 1, then the cover will start from the date of auto debit by the bank.
• The accident cover of any person can be restricted if the person has attained an age of 70.
• In case of any closure of the bank account or insufficient balance.
• In case if the person is having more than one account, then the cover will get restricted to one account only.
• Closure of the insurance can also happen if the person has attained the age of 70.

Top Benefits

 Pradhan Mantri Suraksha Bima Yojana Accidental Insurance has more beneficial aspects.

• An amount of rupees two lakhs is given to the nominee in case of any death.
• The nominee will get a amount of rupees two lakhs, in case there is a loss of both eyes that can be both irrecoverable or total.
• Loss of both hands or feet will also fetch the nominee with rupees two lakhs.
• Loss of sight of an eye will fetch the nominee with the value of rupees two lakhs.

Eligibility Criteria

Let’s discuss the basic eligibility criteria for the nominee who can apply for the Pradhan Mantri Suraksha Bima Yojana Accidental Insurance.

• The nominee should be in between the age of 18 (completed) and 70 age nearer.
• The individual must have a separate bank account.
• The individual should give a consent for the auto debit from their bank.

 How to Apply

Pradhan Mantri Suraksha Bima Yojana Accidental Insurance can be applied both online and also offline.

• Online, one can open a PMSBY account with the net banking. Then by filling the basic nominee details and giving the consent for the auto debit a policy can be applied.
• Offline, one can download the application form and fill in the details. Attach all the necessary documents along with the form and can submit it. Acknowledgement certificate will be given along with the certificate of insurance

 conclusion

Nominees can apply for the Pradhan Mantri Suraksha Bima Yojana Accidental Insurance for the betterment of them and their family, since a lot of advantages can be availed in case of any demise.