PMSBY: Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an affordable insurance scheme of the Government of India, with an accident insurance cover of up to Rs 2 lakh at just 20 annual premiums. Know the benefits, eligibility, application process and necessary documents details of this scheme.
Pradhan mantri suraksha bima yojana: The Government of India runs several schemes from time to time keeping in mind the safety and future of the general public. One of these schemes is Pradhan Mantri Suraksha Bima Yojana (PMSBY), which has been launched by the Ministry of Finance. The aim of this scheme is that every common man can get accident insurance facility in a low premium. If you have a bank account and you are between 18 and 70 years old, then you and your family can get an accident insurance cover of up to Rs 2 lakh by filling only 20 rupees annual premium. Know the special things of PMSBY.
What is the annual premium of PMSBY?
For PMSBY, you will have to pay only 20 rupees every year. This amount is deducted directly from your bank or post office account through auto-debit. The premium is necessary every year before 1 June.
What is the duration of insurance?
The Pradhan Mantri Suraksha Bima Yojana cover is one year. 1 June to 31 May next year. The plan is automatically renewed when the premium is cut on time.
How long is the Prime Minister’s Security Insurance Scheme valid?
Till the age of a person is not complete 70 years or the plan will be over in case of closure of bank account or lack of balance. Even if the premium is cut from more than one account in someone’s name, the insurance cover will not be more than Rs 2 lakh.
What are the benefits of PMSBY, what amount will be received on what kind of accident?
On death, the nominee will get 2 lakh rupees. The insured will get Rs 2 lakh on both eyesight or two hands or legs lost. The insured will get 1 lakh rupees when an eye light or one hand or leg is lost.
Who can take Pradhan Mantri Suraksha Bima Yojana?
Any person from 18 to 70 years can take PMSBY. But for this, it is necessary to have a bank account of a person. The customer will have to allow auto-debit to join the scheme.
How to apply for PMSBY?
For this scheme, any person can apply online using the net banking facility of his bank and get the cover. To apply offline, follow the steps given below-
- First go to your bank branch, where you have a savings account.
- Or download the PMSBY form from the official website of the scheme.
- Fill the form and submit it with the necessary documents in the bank.
- After the form is submitted, you will get a insurance certificate.
How to contact for insurance?
Click the State Wise Toll-Free Number by click here- Pradhan mantri suraksha bima yojana state wise toll free numbers
National Toll-Free Number: 1800-180-1111 or 1800-110-001
Also read- LIC Insurance Sakhi Scheme 2025: Women can earn strong money sitting at home, know the application process and merit
What documents are required to apply PMSBY?
- Aadhar card
- Bank passbook or account details
- Passport Size Photo
- Application form
Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a great help for those who want to secure their family at low cost. By spending only 20 rupees annually, you can provide financial security to your family in an accident untoward. The scheme works as a security shield, especially for poor and middle class families.
Also read- Subsidy up to 2.67 lakhs under Pradhan Mantri Awas Yojana, know every information and benefits in PMAY-Raban