The PMSBY scheme is applicable to those between 18 and 70 years
Pradhan Mantri Suraksha Bima Yojana offers coverage of up to Rs.2 lakh
The PMSBY scheme details include an annual premium of Rs.12
The Pradhan Mantri Suraksha Bima Yojana aims to provide social security to citizens through accidental cover. You can avail this cover at a much lower cost as compared to the prevalent market rate. This scheme was launched in the budget session of the year 2015. You can renew the scheme every year with a nominal premium amount of Rs.12 [1]. The amount will be automatically debited from your bank account once you enroll for the PMSBY scheme. Read on for more details about the Pradhan Mantri Suraksha Bima Yojana.
Additional Read: PMJAY and ABHA
The Pradhan Mantri Suraksha Bima Yojana offers protection against disability and accidental death to individuals between the ages of 18 and 70 years. With the help of this scheme, you can get accident insurance coverage. The PMSBY scheme offers coverage as follows.
This scheme is offered by public sector general insurance companies or other general insurance companies. They offer similar terms as per the PMSBY scheme’s guidelines and have necessary tie-ups and approvals from banks for this purpose.
As mentioned, if you are between the age of 18 to 70 years, you can comfortably avail the benefits of this scheme. The following are its eligibility criteria to keep in mind before applying:
You can only register for PMSBY from one bank account even if you have more than one bank accounts. If you have a joint account, all the account holders can join the scheme from the same bank account.
Additional Read: West Bengal Health Scheme
You can apply to any of the insurance companies offering the Pradhan Mantri Suraksha Bima Yojana through the online application process to become a beneficiary. Once you download the PMSBY form from the government website, fill it properly. Then approach the insurance company with this form for availing the benefits of this scheme.
In case of disability or accidental death of the beneficiary, you can make a claim by following these steps.
Social security and health insurance are integral in today’s time and age. They provide a sense of financial and mental relief and act as backups during stressful situations. Schemes provided by the government like the Ayushman Bharat health card or the Pradhan Mantri Bima Yojana make healthcare more accessible. Apart from the government health schemes, you can avail various kinds of health insurance plans to suit your needs from Bajaj Finserv Health.
Get online doctor consultation or in-person for free, discounts from partner pharmacies and hospitals and much more when you sign up for these health insurance policies under Aarogya Care. With them, you can also enjoy coverage benefits like preventive healthcare and pre- and post- hospitalization coverage. Make sure you plan your healthcare investment wisely for a stress-free life ahead!
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