A death cover and accidental insurance policy given by the Government of India, Pradhan Mantri Suraksha Bima Yojana gives up to Rs. 2 lakhs as death covers to the policyholder on a yearly premium of Rs. 12.
The benefits of Pradhan Mantri Suraksha Bima Yojana policy can be availed by any Indian citizen between 18 to 70 years of age.
PMSBY Scheme is an auto-debited scheme in which the premium amount is automatically debited from the bank account. Pradhan Mantri Suraksha Bima Yojana was launched with an objective of providing a secured life and future to the citizens of India.
PMSBY Scheme Details 2020
Government of India under the Ministry of Finance launched the Pradhan Mantri Suraksha Bima Yojana to promote such life insurance policies in the country. Suraksha Bima Yojana secures the life and future of the policyholders.
Central Government Scheme is 100% secured and safe. The premium amount is debited automatically from the subscriber’s savings bank account.
Pradhan Mantri Suraksha Bima Yojana
|Scheme Name||Pradhan Mantri Suraksha Bima Yojana|
|Prime Minister||Narendra Modi|
|Key people||Arun Jaitley|
|Launched||9 May 2015; 3 years ago|
PM Insurance Scheme 2020
The tenure of the PMSBY Scheme 2020 policy is of is one year. The premium will be deducted from June 1 of the current year to May 31 of next year. The amount will be deducted from the bank account of the policyholders.
PMSBY Scheme Claim Amount Details
|I.||Death||Rs. 2 Lakh|
|II.||Total and irrecoverable loss of both eyes or loss of both hands or feet or loss of one eyesight and loss of one hand or one foot||Rs. 2 Lakh|
|III.||Total and irrecoverable loss of one eyesight or loss of one hand or one foot||Rs. 1 Lakh|
|*The total amount that can be claimed under the policy is INR 2 lakh only.|
Pradhan Mantri Suraksha Bima Yojana Benefits
- Life Insurance policy
- Gives a total coverage of Rs. 2 lakh.
- Premium amount as low as Rs 12 per year.
Pradhan Mantri Suraksha Bima Yojana Online Form
- To apply for PM Suraksha Bima Yojana visit the bank where you have your bank account.
- Apply for this scheme with the bank manager with all the required documents asked by the bank.
- Fill the Application Form with all the required details.
- Submit the application form to the branch bank manager.