INTRODUCING PRADHAN MANTRI SURAKSHA BIMA YOJANA
An accident insurance programme supported by the government that provides coverage for accidental death, permanent disability, and partial disability is known as the Pradhan Mantri Suraksha Bima Yojana.
A person must be between the ages of 18 and 70 to apply for this programme.
The Indian government’s accidental insurance programme, known as Pradhan Mantri Suraksha Bima Yojana, was introduced in the 2015 Budget.
This programme was established to offer personal accident insurance to high-risk occupations including mechanics, labourers, and truck drivers who frequently travel.
It is also among the least expensive insurance coverage. The programme also includes coverage for both temporary and permanent disability.
The scheme’s yearly premium, without including service tax, is Rs. 12. The premium payment is automatically deducted from the scheme holder’s bank account.
If the user is fully disabled or dies in an accident, Rs. 2 lakhs are paid to the nominee. If the subscriber has an accident and experiences a partial permanent handicap, they will receive Rs. 1 lakh.
HOW TO REGISTER FOR PMSBY ONLINE?
- Customers can choose PMSBY by contacting one of the collaborating banks or insurance firms.
- The majority of reputable banks permit customers to purchase insurance via internet banking.
- The customer must sign up for the programme by logging into their online banking account.
- The user can also send a message to the banks’ and insurance companies’ toll-free numbers using their registered mobile phone.
HOW DO I LOGIN INTO PMSBY?
How to Log into PMSBY Online is as follows:
- Use your online banking credentials to sign in.
- Choose the “Insurance” section.
- Pradhan Mantri Suraksha Bima Yojana should be chosen.
- Decide which account you want to use to pay your insurance premiums.
- Select “Submit”
HOW TO RENEW PMSBY IN STEPS
You can renew PMSBY utilizing the auto-debit option. Your bank account will automatically be debited for the premium, and the insurance will renew in this way.
Every year, the policy will be renewed. Between 1 June and 31 May, the insurance is in effect. Therefore, you must renew your coverage before May ends. If you do not want to renew, you must file a cancellation request to the relevant bank.
HOW DO I USE THE PMSBY SMS SERVICE?
The methods listed below will help you activate the PMSBY SMS service.
- Visit the website of your bank.
- Simply select the PMSBY section.
- Put your account number and the captcha code in.
- To obtain a One-Time Password, click (OTP)
- Give all the necessary information.
- Select “Submit”
HOW CAN PMSBY INTERNET BANKING BE ACTIVATED?
Here’s how to activate the policy via internet banking:
- Log in to your bank’s website.
- Click on “Insurance”
- The account you want to use to pay the premium must be chosen.
- Verify the specifics and make sure.
- Save the insurance receipt.
PRADHAN MANTRI SURAKSHA BIMA YOJANA DOCUMENTS NEEDED
It is necessary to complete the Pradhan Mantri Suraksha Bima Yojana application form completely. The information to be entered is:
- Id. proof
- ID card, Aadhaar
- Contact details
- nominee details
- an application forms
If the Aadhaar is not linked to your savings bank account, the only document that must be given with the application is a copy of your Aadhaar card.
FEATURES OF PRADHAN MANTRI SURAKSHA BIMA YOJANA
These are the characteristics of PMSBY:
- Each year, the accidental death insurance coverage is renewed.
- The required yearly premium is Rs. 12. The service tax, which is charged at a rate of 14%, is not included in this fee.
- If the subscriber is killed in an accident or becomes fully disabled as a result of the accident, up to Rs. 2 lakhs in cover is paid to the subscriber’s nominee.
- The subscriber’s bank account will automatically be charged for the premium.
- The subscriber has two options—renewing the plan annually or choosing the long-term option.
- The subscriber is free to join and leave the programme whenever they like.
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