Pradhan Mantri Suraksha Bima Yojana PMSBY

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In light of the fact that a large proportion of the population have no accidental insurance cover, the Pradhan Mantri Suraksha Bima Yojana (PMJJBY) is aimed at covering the uncovered population at an highly affordable premium 1st June to 31st  May on an annual renewal basis.

Scheme Pradhan Mantri Suraksha Bima Yojana PMSBY
PlanType PersonalAccidental Insurance Plan linked to Saving Bank Account.
InsuranceCompany The New India Assurance Co Ltd.
EntryAge Minimum:- 18 years
Maximum:- 70 years
Tenureof Policy 1year, Renewal every year ,
Maximumupto the age of 70 years (as on last birthday).
SumAssured (SA) Minimum Rs. 2 Lac
SchemeLaunch Date 1stJune 2015
AnniversaryDate 1stJune every year.
Coverage Death due to any cause.
Benefits
Table of Benefits Sum Insured
a. Death Rs. 2 Lakh
b. 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 hand or foot Rs. 2 Lakh
c. Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot Rs. 1 Lakh
Termination of Cover i. On attaining age 70.
ii. Closure of bank account or insufficiency of balance to keep the insurance in force.
iii. In case a member is covered through more than one account and the premium is received by the insurance company inadvertently, the insurance cover will be restricted to one account and the premium will be forfeited.
PremiumRates Rs12/-
Process 1. Log in to net banking.
2. You will be shown PMSBY at the relevant space.
3. Select the account through which you wish to pay your premium.
4. Policy cover amount, premium amount and nominee details (as per the selected account) will be displayed. You can choose to replicate the savings account nominee or add a new nominee.
5. Click on the following declarations/details:
*Good health declaration.
*Terms & & Conditions/Scheme Details/FAQs.
*”I do not hold any other policy of the same”.
6. Click on ‘Continue’. You will then be shown the complete details of the PMSBY scheme you have registered for.
7. If you are okay with the scheme registration details displayed, click on ‘Confirm’.
8. Download the acknowledgement, which carries a unique reference number.
9. Do save the acknowledgement document for future reference.
Process of Claim Insurance PMSBY covers deaths caused by an accident and confirmed by documentary evidence. 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 tree, etc, the cause should be supported by immediate hospital record.

In case of death of the account holder, the claim can be filed by the nominee/appointee as per the enrollment form or by his legal heir/s in case there is no nomination made by him. The disability claim will be credited in the bank account of the insured bank account holder. Death claims will be remitted to the bank account of the nominee/legal heir(s).
Website http://www.jansuraksha.gov.in/Default.aspx
Application Form http://www.jansuraksha.gov.in/Forms-PMSBY.aspx
Toll free Numbers National Toll Free : 1800-180-1111 / 1800-110-001