What is Pradhan Mantri Suraksha Bima Yojana (PMSBY)? Pay Rs 20 and get Rs 2 lakh term insurance
Pradhan Mantri Suraksha Bima Yojana: Know Everything About This Government Scheme: The Government of India operates numerous schemes to ensure the safety and convenience of the general public. One of these is the Pradhan Mantri Suraksha Bima Yojana (PMSBY), which provides accident insurance cover at a very low premium. This scheme is proving to be very beneficial, especially for the economically weaker section. Let us know about this scheme and also see its benefits.
What is the Prime Minister’s Security Insurance Scheme?
Under the PMSBY, you get an insurance cover of up to ₹ 2 lakh at an annual premium of only ₹ 20. This scheme was launched in 2015. To join it, your age should be between 18 to 70 years, and you must have a bank account.
What is covered by insurance?
In case of death in an accident, an amount of ₹2 lakh is given to the nominee.
How to apply?
To get insurance under this scheme, you can apply by visiting your bank branch or the nearest Common Service Center (CSC). Once you apply, the insurance premium amount is auto debited from your bank account every year. The insurance period is from 1 June to 31 May, and it has to be renewed every year.
How to apply for PMSBY?
- You can apply for the PMSBY scheme through net banking
- To fill out the offline form, you have to visit the nearest branch of your bank
- You can get the application form from there, or you can also download it by clicking here:https://www.jansuraksha.gov.in /
- Fill in all the information in the application form correctly, fill in the nominee’s name correctly
- Submit all the required documents along with the application form to the bank
- After filling the form, you will get an Acknowledgement Slip from the bank
Eligibility for Prime Minister Security Insurance Scheme
- Must have a savings account in any bank
- Account should be linked with Aadhaar card
- Age should be between 18 to 70 years
- You will not get the benefit of security insurance scheme after 70 years
- Applicant has to give consent for auto-debit
Documents required for PMSBY
- Aadhar card
- bank account linked to aadhar card
- Consent for auto debit for the deduction of the insurance premium
Helpline Number of Pradhan Mantri Suraksha Bima Yojana
The national toll-free number for complaints regarding Pradhan Mantri Suraksha Bima Yojana is 1800-180-1111/1800-110-001 . If you want to know the helpline number of your state, you can find out by clicking on the link given below.
Why is this scheme special?
The main objective of this scheme is to provide insurance protection to those people who cannot afford to pay expensive premiums. Getting a cover of ₹ 2 lakh for just ₹ 20 makes it one of the most affordable insurance schemes in the country.
Your future will be secured for just 20 rupees
If you have not yet taken advantage of this scheme, then you can join this scheme as soon as possible by visiting the nearest bank or CSC center and securing your future for just ₹ 20.
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