Pradhan Mantri Suraksha Bima Yojana Scheme- PMSBY

#





1. About Pradhan Mantri Suraksha Bima Yojana Scheme - PMSBY

On May 09, 2015, Government of India launched Pradhan Mantri Suraksha Bima Yojana(PMSBY), an accident insurance scheme that covers accidental death, permanent disability and partial disablement for those who are enrolled in this scheme.
More details as below..

2. Objectives of PMSBY:

PMSBY was launched with a view to enhance the level of insurance penetration in the country and to provide accidental insurance cover to common people, especially poor and the underprivileged sections of the society.

3.Elgibility for PMSBY

Individuals in the age group of 18-70 years having a savings bank or a post office account are entitled to enroll under the scheme.

4. Enrolment :

Enrolment under the scheme can be done by visiting the bank branch or website of the bank of the account holder or at the post office in case of post office savings bank account.
The premium under the scheme is auto debited every year from the subscriber’s bank account based on a one-time mandate from the account holder.

5. Benefits of PMSBY: :

Accidental death cum disability cover of Rs. Two Lakh (Rs. One Lakh in case of partial disability) for death or disability due to an accident against a premium of just Rs. 12 per annum per member.
Achievements (as on April 27, 2022):
• The cumulative enrolments under the scheme have been more than 28.37 crore.
• An amount of Rs. 1,930 crore has been paid for 97,227 claims.
• Out of the 28.37 crore cumulative enrolments, over 39% are PM Jan Dhan Yojana account holders, 48% are women account holders and 71% are people from rural areas.
  • #
  • #
  • #
  • #