Pradhan Mantri Suraksha Bima Yojana 2024 : PMSBY Claim Form at https://www.jansuraksha.gov.in/
PMSBY
The Pradhan Mantri Suraksha Bima Yojana, launched on May 8, 2015, by Prime Minister Narendra Modi, is a pivotal initiative aimed at providing accident insurance coverage to citizens. This program serves as a financial safeguard in the event of an unforeseen accident, offering a crucial safety net for those who need it the most. This article delves into the details of the scheme, its benefits, premium structure, eligibility criteria, and how to apply.
The Pradhan Mantri Suraksha Bima Yojana, often abbreviated as PMSBY, is designed to benefit the economically weaker sections of the country who may struggle to afford traditional insurance plans. In case of an accident leading to the insured person’s demise, the scheme provides a sum assured to the nominee, thus mitigating the financial hardship faced by the deceased person’s family.
Pradhan Mantri Suraksha Bima Yojana
| Name of Scheme | Pradhan Mantri Suraksha Bima Yojana (PMSBY) |
| State | All India |
| Application form | Online/ Bank |
| Beneficiaries | Economically weaker sections of the country |
| Official website | http://www.jansuraksha.gov.in/Files/PMSBY/English/About-PMSBY.pdf |
Benefits PMSBY
To avail the benefits of Pradhan Mantri Suraksha Bima Yojana, participants are required to pay an annual premium of just ₹12. This nominal premium is deducted from the policyholder’s savings account on or before June 1st, provided the auto-debit facility is active. If auto-debit is not available on June 1st, the premium will be deducted once the facility is enabled. The coverage begins on the first day of the subsequent month following the deduction of the premium. Premium amounts may be reviewed based on annual claim experiences.
PMSBY Full Form
The full form is Pradhan Mantri Suraksha Bima Yojana(PMSBY).
Eligibility and Termination
This scheme is open to individuals between the ages of 18 and 70. However, once a beneficiary reaches the age of 70, the coverage under the Pradhan Mantri Suraksha Bima Yojana is terminated. The scheme also ceases if the beneficiary closes their bank account or if there are insufficient funds to cover the premium.
Coverage Under PMSBY
PMSBY provides coverage in the following:
- Death: In the unfortunate event of the insured person’s demise due to an accident, the nominee receives a sum insured of ₹2 lakh.
- Total and Irrecoverable Loss: If the insured person suffers the total and irrecoverable loss of both eyes, loss of use of both hands or feet, or loss of sight in one eye and loss of use of one hand or foot, they are entitled to a sum insured of ₹2 lakh.
- Total Loss of Sight in One Eye and Loss of Use of One Hand and Foot: This situation provides coverage of ₹1 lakh.
Benefits of Pradhan Mantri Suraksha Bima Yojana
- Inclusive: This scheme benefits people from all sections of society, with a particular focus on economically disadvantaged individuals.
- Accident Coverage: In the event of an accident-related fatality, the government provides accident insurance coverage of up to ₹2 lakh.
- Permanent Partial Disability: The scheme covers permanent partial disability with a ₹1 lakh payout.
- Temporary Disability: Temporary disability due to an accident also offers coverage of up to ₹1 lakh.
- Affordable Premium: With an annual premium of just ₹12, it makes insurance accessible to the masses.
- Broad Eligibility: The scheme is open to those who may not be eligible for other private or public sector insurance plans.
- Annual Renewal: Pradhan Mantri Suraksha Bima Yojana is renewed annually for one year.
- Bank Partnerships: Participating banks can engage insurance companies of their choice to offer PMSBY.
- Rural Outreach: The scheme extends its reach to people in rural areas, ensuring broader coverage.
Terms and Conditions
- The scheme has a fixed duration of one year, renewable annually.
- In the case of accident-related death or disability, insurance cover is provided.
- Initially, the scheme is available through public sector general insurance companies.
- Multiple bank accounts held by one person are eligible for the scheme, but benefits are restricted to one account.
- Coverage is valid from June 1st to May 31st.
- Premium payment is a prerequisite for availing benefits.
- Former beneficiaries can rejoin the scheme by paying the premium.
Operation of Pradhan Mantri Suraksha Bima Yojana
The operation of Pradhan Mantri Suraksha Bima Yojana adheres to prescribed terms and conditions:
- Banks deduct the annual premium through auto-debit.
- Nomination forms may be required upon claim submission.
- Insurance companies may request documents as needed.
Premium Allocation
- Insurance premium paid to the insurance company: ₹10 per year per member.
- Reimbursement of business to BC/Micro/Corporate/Agent: ₹1 per year per member.
- Reimbursement of operating expenses to participating banks: ₹1 per year.
Pradhan Mantri Suraksha Bima Yojana Application Form
Interested beneficiaries can apply for the Pradhan Mantri Suraksha Bima Yojana by visiting a bank branch. Alternatively, application forms can be downloaded from the official Prime Minister’s Security website. After filling out the form with required details, including name, address, Aadhaar number, and email ID, attach the necessary documents and submit the application to the bank.
- Visit the official website of Pradhan Mantri Suraksha Bima Yojana.
- Once on the website’s homepage, navigate to the “Forms” section.
- In this section, click on the option related to Pradhan Mantri Suraksha Bima application form.
- A PDF version of the application form will appear on your screen. Download this form.
- Fill in all the required information in the downloaded application form, including your name, address, Aadhaar number, email ID, and other necessary details.
- After completing the form, attach all the supporting documents as specified.
- Finally, submit the completed application form, along with the requisite documents, to your bank.
Pradhan Mantri Suraksha Bima Yojana Application Status
To check the status of your application:
- Navigate to the official website of Pradhan Mantri Suraksha Bima Yojana.
- The homepage will be displayed.
- Locate and click on the “View Application Status” link.
- A new page will promptly appear.
- On this page, provide your Application Number.
- Click the “Search” button.
- Your Application Status will be promptly displayed on your computer screen.
Pradhan Mantri Suraksha Bima Yojana Beneficiary List
To access the beneficiary list:
- Start by visiting the official website of Pradhan Mantri Suraksha Bima Yojana.
- The homepage will appear.
- On the homepage, locate and click on the “Beneficiary List” link.
- A new page will subsequently open, prompting you to choose your state.
- Once you’ve selected your state, proceed to select your district.
- Afterward, choose your specific block.
- The Beneficiary List will then be displayed on your computer screen.
Contact Information
For any further assistance or inquiries, you can contact the helpline at 18001801111 or 1800110001.
In conclusion, the Pradhan Mantri Suraksha Bima Yojana is a critical safety net, ensuring that even financially disadvantaged individuals have access to accident insurance coverage. With a minimal annual premium, this scheme is a significant step towards enhancing the financial security of all sections of society, offering peace of mind during uncertain times.