What is the PMSBY scheme?

pmsby scheme details

The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accident insurance scheme for all Indian citizens age limit between 18 and 70. It provides coverage against accidental death and disability for a pmsby premium of just Rs. 12 per annum.

In case of death or disability due to an accident, the nominee gets Rs. 2 lakh and Rs. 1 lakh, respectively. The scheme is renewable every year and can be enrolled in through any participating bank's website. It aims to provide financial security and protection to the underprivileged and economically weaker sections of society.

What is the main objective of PMSBY?

The main objective of PMSBY (Pradhan Mantri Suraksha Bima Yojana) is to provide accidental death and disability insurance coverage to individuals belonging to the economically weaker sections of the society, especially those who do not have access to such insurance facilities. The pmsby policy scheme aims to encourage and promote a culture of insurance among the masses and provide financial security to the insured and their family members in case of any unforeseen events.

What is PMSBY benefits?

The Pradhan Mantri Suraksha Bima Yojana (PMSBY) benefits include a personal accident insurance cover of Rs. 2 lakh for accidental death and full disability as well as a cover of Rs. 1 lakh for partial disability. This insurance scheme is affordable, and the pmsby premium is only Rs. 12 per year, making it accessible to everyone. Additionally, the pmsby scheme covers both accidental death and disability cases, ensuring financial protection for the policyholder's family. In case of such an unfortunate event, the policy provides the insured person or their nominee with the sum assured, which can be a big relief in times of financial distress.

Who is eligible for PMSBY?

Any Indian citizen between the age limit of 18 and 70 years who has a bank account and provides their Aadhaar number is eligible to enroll in PMSBY scheme. The pmsby policy scheme is available through participating banks and can be renewed annually.

Who is not eligible for PMSBY

The following individuals are not eligible for PMSBY:

Individuals who are below the age limit of 18 years and above 70 years.
Individuals who have opted for a similar insurance scheme from any other bank or insurance company.
Individuals who do not have an operative bank account.
Non-resident Indians (NRIs) are not eligible for PMSBY.
Individuals who are mentally challenged or have a disability that would not allow them to participate in the pmsby scheme.

What is not covered in PMSBY?

Following are the exclusions under PMSBY scheme:

Death or disability due to pre-existing conditions.
Death or disability due to suicide, self-inflicted injury or attempted suicide.
Death or disability due to alcohol or drug abuse.
Death or disability due to natural disasters such as earthquakes, floods, etc.
Death or disability due to war or any act of terrorism.
Death or disability due to participation in hazardous activities such as skydiving, bungee jumping, etc.

How to apply for PMSBY policy

You can follow the below-mentioned steps to apply for Pradhan Mantri Suraksha Bima Yojana (PMSBY):

Visit the official website of PMSBY (https://www.jansuraksha.gov.in/).
Under the 'Social Security Schemes' section, select 'Pradhan Mantri Suraksha Bima Yojana.'
Click on 'Apply Now' and fill the application form with all necessary details.
Submit the application form along with a photocopy of your Aadhaar card.
Pay the pmsby premium amount, which is Rs.12 per annum through auto-debit facility from your bank account.
Once the payment is made successfully, the pmsby policy certificate will be issued to you.

Note: The enrollment period for PMSBY is from 1st June to 31st May every year. So, make sure to apply during this period to avail the benefits of the pmsby scheme.

PMSBY certificate download

If you have enrolled for the Pradhan Mantri Suraksha Bima Yojana (PMSBY) scheme, you can PMSBY certificate download from the bank or insurance provider's website where you have enrolled for the pmsby scheme. Please follow the steps below:

Visit the official website of the bank or insurance provider where you have enrolled for the PMSBY scheme.
Look for the 'Insurance' or 'PMSBY' section on the website, and click on it.
Look for the option to download PMSBY certificate or policy document.
Enter your policy or account number and other required details to access the download page.
Once the certificate is downloaded, take a printout for future reference.
Note: It is important to keep the PMSBY certificate or policy document safe, as it acts as proof of insurance coverage in case of any unfortunate event.

FAQ for PMSBY

Q: What is the claim period for PMSBY?

Ans: The claim period for PMSBY is 30 days from the date of the accident.

Q: What is the claim amount for PMSBY?

Ans: The Pradhan Mantri Suraksha Bima Yojana (PMSBY) benefits include a personal accident insurance cover of Rs. 2 lakh for accidental death and full disability as well as a cover of Rs. 1 lakh for partial disability.

Q: Can I claim natural death under PMSBY?

Ans: No, This Pradhan Mantri Suraksha beema yojana is not applicable on natural death

Q: Can I claim insurance after 1 year of death?

Ans: No, under 30 days

Q: What is PMSBY full form

Ans: PMSBY full form is Pradhan Mantri Suraksha beema yojana

How to apply for PMSBY policy | PMSBY CERTIFICATE DOWNLOAD