Pradhan Mantri Suraksha Bima Yojana (PMSBY) – Sarkari Yojana News

Pradhan Mantri Suraksha Bima Yojana (PMSBY) 2020 Online Form & Details

Pradhan Mantri Suraksha Bima Yojana is a death cover and accident insurance policy. Under which the Government of India gave death of up to 2 lakh rupees to the policy holder. Policy holders are only paid Rs. 12 per year. Indian citizens between the age of 18 and 70 can avail the Pradhan Mantri Suraksha Bima Yojana. PMSBY scheme 2019 is an auto debit scheme under which the premium amount will be debited through your bank account. The objective of PMSBY 2019 is to provide a safe life and future to the citizen of India.

PMSBY Scheme Details 2020

PMSBY is a life insurance policy launched by the Ministry of Finance to promote this type of life insurance policies in the country. PM Suraksha Bima Yojana will secure the life and future of the policy holders. The premium value will be directly debited by the bank from the customer savings account maintained by the bank under the PMSBY scheme 2019. Because it is a central government scheme, PMSBY scheme 2019 is 100 and safe and secure.

Pradhan Mantri Suraksha Bima Yojana Highlights

Name of the scheme Pradhan Mantri Suraksha Bima Yojana 2020
Launched by Hon’ble Prime Minister Narendra Modi
Launched for Citizen
Launched on 9th May 2015
Application mode Offline
Category Central government scheme
Official website

Eligibility criteria of PMSBY

  • Applicant must be 18 to 70 years old
  • Applicant must have a Savings Bank Account
  • Applicants must have Aadhaar Card
  • Bank account should be linked with bank account
  • NRIs are also eligible for this scheme

Silent features of PMSBY

  • Applicants must give their consent to join / enable auto-debit on or before 31 May for a coverage period from 1 June to 31 May on an annual renewal basis.
  • In case of death of the account holder within 30 days of receipt from the bank, the claim will be settled in the bank account of the insured or its nominee.
  • In case of a joint bank account, all the holders of the account are free to join the scheme.
  • NRIs will be given the benefit of claims in Indian currency
  • Multiple bank account holders can join the scheme through only one bank account.
  • If the applicant commits suicide, no one will be entitled to benefits.

PM Insurance Scheme 2020

The policy term of PM Bima Yojana 2019 is one year and the premium will be deducted from June 1 to May 31 of the following year. This policy will be deducted from the holders bank account. It will be auto debit between 25 May to 31 May, unless the customer has requested the cancellation of the bank for the policy and PM insurance plan 2019 offered by public sector general insurance companies or any other general insurance company Going and tie up with banks for this purpose.

PMSBY Scheme Claimed Amount Details 2020

I. Death Rs. 2 Lakh
II. Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of one hand or one foot Rs. 2 Lakh
III. Total and irrecoverable loss of sight of one eye or loss of use of one hand or one foot Rs. 1 Lakh
*The total amount that can be claimed under the policy is INR 2 lakh only

Benefits of Pradhan Mantri Suraksha Bima Yojana 2019

  • life insurance policy
  • Total coverage (Sum Insured) is given under the plan. 2 lakhs.
  • The premium price is only less than Rs 12 per year.

Prime Minister Suraksha Bima Yojana 2019 online form

  • If you want to apply for Pradhan Mantri Suraksha Bima Yojana then you have to go to your bank where you have your bank account.
  • Ask the branch manager to appeal for the scheme, which has enough documents, which the bank asks for from you
  • Fill the application form with the appropriate details
  • Then submit the application form to the branch bank manager
  • There is no special way to apply for Pradhan Mantri Suraksha Bima Yojana, for which you have to go to the bank.

Procedure for claim the PM Suraksha Bima Yojana

  • To make a claim, you need to visit the official website of the Department of Financial Services
  • Click on the “Form” option available in the menu bar
  • Click on “Claim Form” option
  • Choose your language and download the application form
  • Submit form to bank
Important links
  1. Apply Online – Go to your Bank
  2. Official Website

Leave a Comment