What are the benefits of Pradhan Mantri Suraksha Bima Yojana ?

Ali Ali
Answered on March 28,2019

Following are the benefits of Pradhan Mantri Suraksha Bima Yojana.

Ganesh Ganesh
Answered on March 28,2019

Benefits of Pradhan Mantri Suraksha Bima Yojana are provided below.

  • Risk coverage of Rs. 2 Lakhs for accidental death and permanent total disability.
  • Risk coverage of Rs. 1 Lakh for permanent parital disability.
  • To assure a hassle free claim settlement experience for the claimants a simple and subscriber friendly administration & claim settlement process has been put in place.
  • This scheme is focused on achieving penetration of insurance down to the weaker sections of the society, ensuring them and their family's financial security.
  • Claim settlement will be made to the bank account of the insured or his nominee in case of death of the account holder.
  • An IT enabled, web based system is in the process of being established to keep the claimants informed seamlessly about the progress and status of the claim, till it’s settlement.

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