Pradhan Mantri Suraksha Bima Yojana(PMSBY)

Pradhan Mantri Suraksha Bima Yojana(PMSBY) is a social security scheme of the Government of India. Importantly it is not a mediclaim policy to get hospital reimbursement. The Scheme is available to people in the age group 18 to 70 years with a bank account who give their consent to join/enable auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal basis. Aadhar would be the primary KYC for the bank account. The risk coverage under the scheme is Rs.2 lakh for accidental death and full disability and Rs. 1 lakh for partial disability. The premium of Rs. 12 per annum is to be deducted from the account holder’s bank account through ‘auto-debit facility in one installment. The scheme is being offered by Public Sector General Insurance Companies or any other General Insurance Company who are willing to offer the product on similar terms with necessary approvals and tie-up with banks for this purpose.

Pradhan Mantri Suraksha Bima Yojana(PMSBY)

 

Eligibility: The Scheme is available to people in India

Minimum Age:18 years

Maximum Age: 70 years

 

Requirements :

Bank account, Aadhar Card, Phone Number, Residential address proof

Premium: Rs.12/- P.A

 

Coverage period: 1^st June – 31^st May

Risk Coverage : Rs.2,00,000 (Two Lakhs) for accidental death

Rs.1,00,000 (One lakh) in case of severe disability

Can we get reimbursement: NO hospitalization reimbursement is covered in it.