Pay just Re.1/- per month and get 2 lakhs insurance – Pradhan Mantri Suraksha Bima Yojana is a scheme which gives the beneficiary a death insurance of 2 lakhs by just paying Re1 a month. Initially, the plan was launched by Prime Minister Narendra Modi in May 2016. Under this scheme every kind of cover is available on a monthly basis of Rs. 12 per annum on a one-rupee basis every month. The said amount will be deducted from your linked bank account every month. Under this, a cover of Rs 2 lakh is provided; in different circumstances one lakh rupees are received.
ELIGIBILITY FOR PMSBY:-
Applicant must have a bank account
The applicant must have a bank account to take advantage of this scheme.
The age limit should be 18 years minimum and can enjoy the benefit of this Pradhan Mantri Suraksha Bima Yojana till the age of 70 years.
STEPS TO BE TAKEN WHILE APPLYING FOR PMSBY:-
You can fill the form of Prime Minister’s Security Insurance Scheme (PMSBY) online or by visiting the bank.
You can apply for this insurance through any designated bank. With the public sector, private banks have also shared complete information related to this scheme in their websites.
Money is debited from the bank account directly. You just need to fill up the form through online or offline portal and apply providing the documentations required well on time.
You can follow the link mentioned to download the form for applying for PMSBY.
This form is available in English, Hindi, Gujarati, Bengali, Kannada, Oriya, Marathi, Telugu and Tamil. You can submit this form by visiting the bank in which your savings account is being held.
For the premium, you will have to accept this in the bank form that the amount of premium from your account is deducted automatically. The bank will deduct the amount of premiums from your account on June 1 of every year by itself.
AGE LIMIT TO APPLY FOR PRADHAN MANTRI SURAKSHA BIMA YOJANA
To get the Prime Minister’s security insurance plan, it is necessary for the applicant to have a bank account along with this, his/her age should be 18 years. At the same time, this maximum insurance can be given up to 70 years. That is, if you take this insurance at the age of 18, then you will have to give only 624 rupees till you reach 70 years of age. You will get the benefit of 2 lakh rupees.
PRADHAN MANTRI SURAKSHA BIMA YOJANA SHCEME COVRAGE
2 lakh rupees will be paid in case of death in accident.
Losing two eyes or both hands or both legs, or loss of one eye and one hand or one leg, will be paid 2 lakh rupees for having permanent full disability in the accident.
An accidental permanent partial disability, such as having an eye sight or a hand or a leg, will be paid in the condition of one lakh rupees.