Sunday, May 23, 2021

Pradhan Mantri Suraksha Bima Yojana PMSBY Eligibility Benefits Application and Claim Forms Download

 Pradhan Mantri Suraksha Bima Yojana PMSBY Eligibility Benefits  Application and Claim Forms Download

PMSBY is a good insurance Scheme from central Government and called as Pradhan Mantri Suraksha Bima Yojana. Download Here the PMSBY Application Form and Claim as PDF. Know the benefits of Pradhan Mantri Suraksha Bima Yojana and get the details about How to join in the Insurance Scheme. 

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 isRs.2 lakh for accidental death and full disability and Rs. 1 lakh for partial disability. The premium of Rs. 20 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.

Key Features and Benefits of PMSBY 

  1. Low Premium Policy of Rs.20
  2. Accidental Insurance Cover of 2 Lakh for Death / Permanent Disability and 1 Lakh for Partial Disability
  3. No Regular Payment formalities of Premium as Auto Debit fecility mode
  4. The welfare of the family in case of death, Nominee can be claim the amount
  5. Flexibility to continue/Discontinue the Policy
  6. Deduction as per Section 80C and Sum Insured of Rs. 1 lakh is non-taxable as per Section 10(10D) of the Income Tax Act.

Coverage of PM Suraksha Bima Yojana

The individual who purchase the Pradhan Mantri Bima Yojana have to look into the proper coverage of the Policy

  1. Accidental Death covers to 2 Lakh
  2. Accident leads to Permanent Total Disability 2 Lakh
  3. Accident Leads to Permanent Partial Disability 1 Lakh

Eligibility Criteria for PMSBY

Minimum age to join in the Scheme PMSBY is 18 years

Maximum age limit to avail the scheme is 70 Years

Interested aspirants should have an savings account in under taken Banks

The Savings Account should be linked with their Aadhaar

If Account is not linked with aadhaar, A copy of Aadhaar should attach to the application form

Required Documents to Join PM Suraksha Bima Yojana

Application form:  Submission of the duly filled PMSBY application form containing details such as name, contact details, Aadhaar number, and details of the selected nominee

Download Application form in Telugu

Download Application form in English

Aadhaar Card: In case of Aadhaar number not linked with stated Bank account, The Pradhan Manthri Suraksha Bima Yojana Policy purchaser should submit a xerox copy of his/her Aadhaar Card and same should be accompanied with application form

How to Activate the PM Suraksha Bima Scheme

You can enrol yourself for the PMSBY by approaching an affiliated bank or an insurance company. The Pradhan Mantri Suraksha Bima Yojana form or the PMSBY form can also be downloaded from the government’s Jansuraksha website/ Download from the link available above in Required Documents Section

Here’s how you can activate the policy using the SMS facility.

Step 1 – Receive activation SMS.

Step 2 – Reply to the activation SMS with ‘PMSBY Y’.

Step 3 – Receive a message acknowledging the receipt.

Step 4 – Bank will manage the processing information from the back-end of the savings account.

Here’s how you can activate the policy using the internet banking facility (PMSBY Online Apply).

Step 1 – Login to the internet banking account.

Step 2 – Click on Insurance.

Step 3 – Identify the account to be used for paying the premium amount.

Step 4 – Check details and confirm.

Step 5 – Download receipt and note the stated reference number.

Click Here to Download PMSBY Bond Online

How to Claim PMSBY Scheme Benefits 

If  the Policy Holder meet with an accident and get damage of death/ Permanent Total/ Partial disability, then the Policy Holder / Nominee should visit the Bank where the PMSBY purchased

  1. Obtain the Claim form or Download from the below link
  2. Submit the Filled Application form along with relevant documents such as disability certificates issued by competent authority/ Death Certificate by the Nominee in case of Accidental Death
  3. The Insurance comapany/ Bank will confirm the details submitted
  4. Claim amount will be settled to the given account number