Contents
- 1 Pradhan Mantri Suraksha Bima Yojana Scheme Introduction
- 2 Government Pradhan Mantri Suraksha Bima Yojana Scheme Eligibility Conditions
- 3 Government PMSBY Scheme Benefits
- 4 PM Suraksha Bima Yojana Scheme Key features
- 5 PM Suraksha Bima Yojana Scheme Enrollment period
- 6 Termination of Cover
- 7 Pradhan Mantri Suraksha Bima Yojana Scheme Forms and Documents
Pradhan Mantri Suraksha Bima Yojana Scheme Introduction
Pradhan Mantri Suraksha Bima Yojana Scheme was announced by Honourable Finance Minister in the year 2015-16. PMSBY Government Scheme provides Accidental Death insurance Cover at very low premium per annum. In case of death of scheme holder due to an Accident then insurance cover is provided to Scheme holder’s family by the Government of India. This PMSBY scheme provides death insurance cover for only one year which can also be renewable from year to year with low premium.
PMSBY life insurance cover scheme will start from 01 June 2015 to 31 May 2016. The Annual Premium payable by Account holder is Rs.12 only which is valid for 1 year. Under this PMSBY Govt’s scheme Rs.2,00,000 is payable to scheme holder’s family in case of death due to Accident.
Government Pradhan Mantri Suraksha Bima Yojana Scheme Eligibility Conditions
| Entry Age |
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| Period |
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| Premium |
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| Date of Implementation |
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| Mode of Paying Premium |
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| Primary KYC |
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| Tax benefits |
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Government PMSBY Scheme Benefits
Under this PMSBY Scheme one time Premium is paid yearly ie., Rs.12 per annum. In case of any unfortunate death of Scheme holder due to Accident then Benefits covered under this one year premium are given below
| Type of Accident | Sum Insured |
| Death | Rs.2,00,000 |
| 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.2,00,000 |
| Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot | Rs. 1 Lakh |
PM Suraksha Bima Yojana Scheme Key features
Main Key Features of Government Pradhan Mantri Suraksha Bima Yojana Scheme are as follows
- One year Renewable Accidental Death Insurance Cover
- One time Annual premium is payable i.e., Rs.12 per subscriber.
- On death of Account holder due to accident, Rs.2 lakhs is payable.
- Premium will be deducted annually from scheme holder’s savings bank account through ‘auto debit’ facility in one installment on or before 31st May every year.
- Terms of Risk Coverage: Scheme holder has to opt for this PMSBY scheme every year. He can also prefer to give a long term option of continuing in which case his account will be auto-debited every year by the bank.
PM Suraksha Bima Yojana Scheme Enrollment period
- All Scheme holders who are interested towards this PMSBY scheme are required to enroll and give their auto-debit consent by 31 May 2015.
- Late Enrollment for prospective cover will be possible up to 31 August 2015. Government had extended the enrollment for another 3 months, i.e. upto 31 Nov 2015.
Termination of Cover
- Scheme holder attains age of 70 years (Age nearest birth day).
- Closure of bank account or insufficiency of account balance to keep the insurance cover in force.
- In case a member is covered through more than one account and premium is received by the Insurance Company, insurance cover will be restricted to one only and the premium shall be liable to be forfeited.
Pradhan Mantri Suraksha Bima Yojana Scheme Forms and Documents
Required documents for Government PMSBY Scheme are attached below
Pradhan Mantri Suraksha Bima Yojana Scheme 1
Pradhan Mantri Suraksha Bima Yojana Scheme 2
PMSBY Application form in English
PMSBY Application form in Hindi
Sahil Garg says
May 8, 2015 at 2:22 pmHello… I wanted to ask whether premium of Rs. 12 is fixed or will change after 1 year….
Nanda kishore Dash says
May 8, 2015 at 4:40 pmI am an account holder in Andhra bank, Bhubaneswar, Odisha. They are telling tomorrow i.e. 9th May is the last day to apply for enrollment..But the site shows the last date to be 31st May. Which is correct
jagdish prasad sharma says
May 9, 2015 at 5:44 amplease arrange to detail of pradhan mantri
Asma Rahath Khanum says
May 9, 2015 at 5:49 amhello good morning sir, mai govt job ki talash kar rahi hoon kayi applications apply kar chuki hoon mai puc completed aur iti (e/m) bi karke hun computer knowledge bhi hai, meri family me hum char members hain hamari zindagi bohat taklif se guzar rahe hain mere husband ek fancy store me naukar ki tarha kaam kar rahe hain mere do chote ladkiyan hain jin ka school bhejna mushkil ho raha hai bas a roz ki kamai me ghar ka kiraya aur khane pani ko chalate hain sir plz plz & plz help me i am from karnataka, chikkaballapura dist, chinthamani taluk-563!25, plz sir help to my family
A R Singh says
May 13, 2015 at 10:05 amBhagaban ko biswas karo aur khub mehanat karo.Bhagaban sabkeliye kus na kus bandobas karta hai
Aapki umar kitna hai kripya batayenge
PREM PRABHAT says
May 9, 2015 at 7:38 amthis scheme is very beneficial for a am aadmi.
GOURPADA DHARA says
May 9, 2015 at 12:02 pmTHIS PMSBY & PMJJBY SCHEME OFFERED BY CENTRAL GOVERNMENT SPECIALLY OUR PM MR. MODI IS REALLY
A LUCRATIVE FOR THE NATIONS, MY HEARTIEST GREETING TO OUR PM FOR THINKING LIKE THIS KINDS OF DEVELOPMENT FOR MENKIND.
NOW, I HAVE A QUARRIES, PLEASE REPLY .
IF I WANT TO DO BOTH THE PMSBY & PMJJBY SCHEME, THEN COULD I GET THE BENIFIT FROM THE BOTH
SCHEME AFTER DEATH, I MEAN IF MY DEATH WOULD BE ON ACCIDENT, THEN BOTH THE SCEME ARE ELIGIBLE
OR NOT ?
loon singh says
May 10, 2015 at 10:29 amv.good gggggoooooddddd
JAVAJI RAMA RAO says
May 11, 2015 at 8:58 ami am joining the both schemes are you paid Rs. 4.00lacs
Baburam Choudhary says
May 12, 2015 at 10:07 pmAny One Can After 31st May 2015……?
GANESH J. DATE says
May 14, 2015 at 6:22 amI have SB A/c NO.101601503657 in ICICI BANK. As per govt. launched scheme for PMSBY i approached to avail the benfit of the scheme and requested to the banker for such form for enrollment, I got the form and while filling it i found that the form ha been altered . I asked the bank that when the Govt. has prescribed the form ( it is on site of google) .when i tallied the banks form withe PRESCRIBED GOVT. FORM , i found that some columns r altered. The replied as their head office has prescribed like that. the main thing is that the column for NOMINATION IS NOT THERE IN BANK FORM .The bank have inserted some other things. Pl. confirm the discripancy . The govt. must have through thinking for the prescribed form, then how the alters it. Is there any notification to do like that. If so pl. let me know.
So far today i have not applied for the scheme to the bank .I must know why there r changes in the form. The bar date for the scme to apply is 31st may 2015. Pl. satisfy in this regard.
Thanks.
Rahul Pate lohar Piplya Dewa says
May 15, 2015 at 8:39 amIs Se Acha Pradhan Mantri Mujhe Nahi Lgata KE Me jab Tak Jeyu Agyega Me Unko Grand Salute Karta HUJai Hind Jai Bharat Jai Hindu Rastra
Rahul Pate lohar Piplya Dewas says
May 15, 2015 at 8:41 amI Love My Narendra Sir (Pradhan Mantri)
aetna health insurance says
May 15, 2015 at 12:19 pmThanks for finally talking about >Pradhan Mantri
Suraksha Bima Yojana Scheme – Benefits <Loved it!
Dinesh Chandra Gupta says
July 21, 2015 at 8:18 amI have Three LIC policies. In addition, can I enrol for Pradhan Mantri Suraksha Bima Yojna and Pradhan Mantri Jiwan Jyoti Yojna. People say that these policies are meant for only those who are covered under any other LIC policies.
Please clarify.
sunil kumar says
August 16, 2015 at 3:10 amSir mere father death ho gaye hai unka PARDHAN pantri surksha bima tha abhi hame kya karwahi karni padegi
simon says
September 18, 2015 at 8:38 amsir. i have valid voter id.issue by eci.
can i use this rather than aadhar card.
Yogesh kumar says
August 15, 2016 at 6:05 amSir my brother ne dono policies ( pmsby &pmjj ) li thi , unki death 1o march 2016 ko gyi thi uske bad bank manager sir ne all documents le kar main branch ko sent kar diye is processor ko 4 month 5days ho but koi policies ka labh nahi Mila manager sir se puchh he to bo kahta h ki koi mail nhi ayi & koi steek jbab nhi milta ? plz help cont me: 9412402236
Arun says
May 28, 2017 at 9:24 pmSir if iAm not die at accident.any benefit or the money will return back or not