Pradhan Mantri Suraksha Bima Yojana: Apply process, benefits, And eligibility

Pradhan Mantri Suraksha Bima Yojana gives the facility to the common man to get insurance at very low premium.  In today’s era, it has become very important for every person to be insured because along with many types of problems, many diseases have surrounded the person, in such a situation, if the person is insured, then he can be treated as well as he If something happens, his family members will get financial help.

The goal of this scheme is that even the poorest person of the country can take advantage of insurance so that at the time of any accident in his life, he does not have to spread his hands in front of others.  The annual premium of Pradhan Mantri Suraksha Bima Yojana is only Rs 12 per annum, that is, this insurance scheme can be started with a premium of Re 1 per month.  By giving insurance cover in just Re 1 per month, this scheme has proved its specialty.

 Who can take advantage of this scheme?

 Any citizen between the age of 18 years to 70 years can avail the benefit of Pradhan Mantri Suraksha Bima Yojana.  In this plan, the insured has to deposit a premium of Re 1 every month.  In this insurance scheme, an amount of Rs 2 lakh is available on any kind of accident.  At the same time, in case of disability, an amount of Rs 2 lakh is also available.

  The goal of Pradhan Mantri Suraksha Bima Yojana is to give the benefit of insurance to the poorest of the poor.  Under this plan, the sum assured can be claimed in case of disability or death due to accident.  Pradhan Mantri Suraksha Bima Yojana remains valid for 1 year, it has to be renewed every year.  Under the scheme, a sum insured of Rs 1 lakh is given in case of partial disability.

 Who will get the benefit of pmsby scheme?

The age of the person insured for Pradhan Mantri Suraksha Bima Yojana should be between 18 to 70 years.  In this, an amount of Re 1 per month or Rs 12 has to be deposited annually.  If a subscriber of Pradhan Mantri Suraksha Bima has more than 1 savings account, then that person can get insurance through only one savings account.

 How to apply What are the documents required for pmsby?

 To be a part of Pradhan Mantri Suraksha Bima Yojana, you must have some necessary documents.  First of all you should have aadhar card, after that it is necessary to link that aadhar card with bank account.  To take advantage of this scheme, you have to fill the form of Pradhan Mantri Suraksha Bima Yojana and give it to the bank before June 1.  After so many procedures, you can take advantage of Pradhan Mantri Suraksha Bima Yojana.  Watch further video in which the benefits of Prime Minister Suraksha Bima are explained in detail.

 how to pay insurance premium for pmsby?

 Paying the premium of Pradhan Mantri Suraksha Bima Yojana is very easy.  For the Pradhan Mantri Suraksha Bima Yojana, a premium of Rs 12 per annum has to be deposited which is deducted directly from the account by the bank.

 How to avail insurance coverage?

 Insurance claim under PM Suraksha Bima Yojana is available only in case of accident.  If a person is seriously injured in an accident and becomes partially disabled, he gets an insurance cover of Rs 1 lakh.  At the same time, in case of death or disability, an insurance cover of Rs 2 lakh is available.

 When to fill the form of pmsby?

To take advantage of the Pradhan Mantri Suraksha Bima Yojana, before June 1, the applicant must submit the form to the bank with the correct and clearly directed documents.  After filling the form, the bank will automatically deduct the amount of Rs 12 from your account.  On the other hand, if the insured wants a longer coverage of 2 to 4 years, then in that case the bank deducts the prescribed amount.

 What happens if insurance premium is not paid on the time?

If the premium amount is not paid on time, then the policy can be terminated by the bank or the insurance company.  If a holder has 2 Savings Accounts and he is linked to Suraksha Bima Yojana from both, i.e. premium amount has been deposited from both the accounts, then the sum insured will be continued on one account only but the amount of premium paid by the other account  will be stopped.

 tax exemption benefits

Currently this scheme is tax free under 80C.  If Rs 1 lakh is being paid under the insurance policy but Form 15G or Form 15H has not been submitted then 2% TDS will be deducted from the total income

Conclusion –

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