Pradhan Mantri Suraksha Bima Yojana
Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an accidental insurance scheme launched by the Government of India in 2015. It provides coverage against accidental death, and disability. The scheme is available for individuals aged 18 to 70 years for a period of one year and is renewable annually. The scheme is offered and administered by ICICI Lombard General Insurance Company Limited where Bandhan Bank is acting as Master Policy Holder.
This scheme is aimed at providing financial security to customers in the event of accidental death or disability. Our services will include:
- Enrolment of customer under PMSBY
- Processing of Claim(s)
- Processing of service request(s)
Features:
- Benefit payable on:
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Accidental Death: ₹2 lakh
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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: ₹2 lakh
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Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot: ₹1 lakh
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Coverage is valid for one year (June 1 to May 31) and can be renewed annually
- Affordable premium: ₹20 per year per member
Eligibility:
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Minimum age at entry: 18 years (completed); Maximum age at entry: 70 years (age nearer birthday)
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All individual account holders having a Bank account subject to consent to join, enable auto-debit facility
The annual premium for Pradhan Mantri Suraksha Bima Yojana (PMSBY) is ₹20 per member. The premium will be automatically deducted from the member’s Bandhan Bank Savings Account
Administrative expense
Administrative expenses payable to participating Bank by insurer: ₹1 per annum per member
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Application Form for Pradhan Mantri Suraksha Bima Yojana, click here
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Rules for Pradhan Mantri Suraksha Bima Yojana (PMSBY), click here
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Frequently asked questions on Pradhan Mantri Suraksha Bima Yojana (PMSBY), click here
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Claim form for Pradhan Mantri Suraksha Bima Yojana (PMSBY), click here
For further details, please visit: https://jansuraksha.gov.in/
