PM Suraksha Bima Yojana I प्रधानमंत्री सुरक्षा बीमा योजना (पीएमएसबीवाई)

In a world where uncertainties lurk around every corner, safeguarding oneself against unforeseen events is paramount. The Pradhan Mantri Suraksha Bima Yojana (PM Suraksha Bima Yojana) stands as a beacon of financial security, ensuring that citizens are protected in the face of accidents and disabilities. This visionary scheme, initiated by the Government of India, extends a helping hand to the less fortunate, enabling them to navigate life’s challenges without the burden of exorbitant premiums.

 What is Pradhan Mantri Suraksha Bima Yojana?

Pradhan Mantri Suraksha Bima Yojana is a comprehensive insurance scheme designed to provide coverage in the event of accidents. By contributing a mere Rs. 12 annually, beneficiaries gain access to a safety net that offers invaluable protection. Should the policyholder meet an unfortunate accident or become disabled, the insurance payout becomes a lifeline for them and their families. 

Benefits of PM Suraksha Bima Yojana

This scheme champions the welfare of the nation’s underprivileged citizens, offering a safety net in times of crisis. Whether the beneficiary faces disability or succumbs to an accident, the Indian government ensures that financial assistance is extended. In the tragic event of the policyholder’s demise, the insurance amount is disbursed to the nominated individual, providing solace during trying times.

 Eligibility for PM Suraksha Bima Yojana

The gateway to the scheme’s benefits is accessible to those who meet specific criteria:

•  Applicants must hold Indian citizenship.
•  The scheme primarily caters to the economically disadvantaged.
•  Age eligibility spans from 18 to 70 years.
•  Possession of a Kshatriya Savings Bank account is mandatory.

 Premium Amount for PM Suraksha Bima Yojana

Enrollment into the scheme is facilitated through an annual premium payment of Rs. 1 As a crucial reminder, each year on May 31st, the premium is automatically debited from the applicant’s account, simplifying the process and ensuring continued coverage.

Vital Aspects to Consider

•  Consent for autodebit of policy premium is imperative.
•  Policy renewal hinges on timely premium payments.
•  Closure of the linked bank account results in policy termination.
•  The scheme operates on a oneyear cycle, subject to renewal.
•  Both death and disability claims are covered under the accident insurance scheme.
•  Initial implementation is carried out through public sector general insurance companies.
•  Reentry to the scheme is possible even after discontinuation, provided premiums are paid.

 Termination and Conclusion

The scheme concludes when the policyholder reaches the age of 70. If a beneficiary’s bank account lacks sufficient funds for premium payment, termination may occur. Additionally, insurance coverage can lapse due to insufficient premium amounts. The scheme’s operation aligns with the specified terms and conditions, and beneficiaries should be prepared for potential document requests from the insurance company.

Required Documents

To partake in the benefits of Pradhan Mantri Suraksha Bima Yojana, applicants must possess the following documents:

•  Identity Card/Certificate
•  Bank account passbook
•  Aadhar card
•  Income certificate
•  Age certificate
•  Passportsize photo
•  Mobile number

 Features of PM Suraksha Bima Yojana

•  The scheme extends accident insurance cover to beneficiaries.
•  Disability coverage is included for policyholders.
•  In the event of death, the government provides Rs. 200,000 to beneficiaries.
•  Disabilities entitle applicants to insurance coverage up to Rs. 100,000.
•  Varied scenarios such as loss of both eyes, both legs, or one eye and one leg are covered.
•  Flexibility in choosing the insurance company lies with the bank.

Applying for PM Suraksha Bima Yojana

Applying online for the scheme involves the following steps:

•  Visit the official website and access the ‘Forms’ section.
•  Select the ‘Prime Minister’s Security Insurance’ option.
•  Download the application form.
•  Fill in necessary details and attach required documents.
•  Submit the filled application form to your bank.
•  Checking Application Status and Beneficiary List

To check the application status:

•  Visit the official website.
•  Click on the application status link.
•  Enter the application number and search for details.

To access the beneficiary list:

•  Visit the official website.
•  Click on the Beneficiary List link.
•  Select your state, district, and block to view relevant information.

 TollFree Helpline Number

For any queries, applicants can reach out to the helpline number: 1800110001/1800180111

 Conclusion

Pradhan Mantri Suraksha Bima Yojana stands as a testament to the Indian government’s commitment to securing the welfare of its citizens. This scheme, with its affordable premiums and comprehensive coverage, offers a ray of hope amidst life’s uncertainties. By embracing this initiative, individuals can stride forward with confidence, knowing that their financial security is in capable hands.

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