26 Important "Pradhan Mantri Suraksha Bima Yojana” Questions and its Answers

Yes. You can. Claim settlement will be made to the bank account of the insured or her nominee in case of death of the account holder.

Pradhan Mantri Suraksha Bima Yojana covers deaths confirmed by documentary evidence, to have been caused by accident.

In case of incidents like Road, Rail and similar vehicular accidents, drowning, death involving any crime etc, the accident should be reported to police. In case of incidents like snake bite, fall from…

In case of death of the Account holder who enrolled in the scheme, claim can be filed by the nominee/appointee as per the enrolment form or by the legal heir/s in case there is no nomination made by the…

In Pradhan Mantri Suraksha Bima Yojana, there is no provision for reimbursement of hospitalisation expenses following accident resulting in death or disablement

Any NRI having an eligible bank account with a bank branch located in India is eligible for purchase of Pradhan Mantri Suraksha Bima Yojana cover through this account subject to fulfilment of the…

In case of a joint account, all holders of the said account can join the scheme provided they satisfy its eligibility criteria and pay the premium at the rate of Rs.12 per person per annum through auto-debit.…

Natural calamities being in the nature of accidents, any death / disability (as defined under PMSBY) resulting from such natural calamities is also covered under PMSBY. While death due to suicide is not…

Follow the below steps to claim insurance under Pradhan Mantri Suraksha Bima Yojana. Immediately after the occurrence of an accident which may give rise to a claim under the policy, the…

In case of death, documents required for Pradhan Mantri Suraksha Bima Yojana are the following.  Duly completed PMSBY claim form signed by the Nominee along with Discharge Certificate. Attested copy…

The accident cover of the member shall terminate / be restricted accordingly on any of the following events: On attaining age 70 years (age neared birth day). Closure of account with the Bank or insufficiency…

Yes, on payment of premium through auto-debit and submission of a self-certificate of good health. New eligible entrants in future years can also join accordingly.

Individuals who exit the scheme at any point may re-join the scheme in future years by paying the annual premium and submitting a self declaration of good health.

Subscribers who wish to continue beyond the first year will be expected to give their consent for auto-debit before each successive May 31st for successive years, irrespective of their date of enrollment.…

The premium will be deducted from the account holder’s savings bank account through ‘auto debit’ facility in one installment, as per the option to be given on enrolment. Members may…

One year period stretching from 1st June to 31st May.

In light of the fact that a large proportion of the population have no accidental insurance cover, the Pradhan Mantri Suraksha Bima Yojana (PMSBY) is aimed at covering the uncovered population at an highly…

The Scheme will be available to people in the age group 18 to 70 years with a savings bank account who give their consent to join and enable auto-debit on or before 31st May for the coverage period 1st…

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…

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is aimed at covering the population who are not covered in any insurance plans. This scheme is available at an highly affordable premium of just Rs.12/- per…