Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government accident insurance scheme that provides insurance cover of up to Rs 2 lakh at an annual premium of just Rs 20. This scheme is available for citizens between 18 and 70 years of age, which protects them in case of an accident.

The Government of India continuously brings various schemes for the upliftment and welfare of the public, which aim to provide security and benefits to the citizens of the country. Under these schemes, every section of society including the elderly, women, youth, and farmers is taken into consideration. One such scheme is “Pradhan Mantri Suraksha Bima Yojana” (PMSBY), in which an annual premium of just Rs 20 provides insurance cover of up to Rs 2 lakh. Let us know about this scheme in detail.

What is the Prime Minister's Security Insurance Scheme?

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government accident insurance scheme aimed at providing financial security to citizens in case of unforeseen circumstances. This scheme is specially designed for people who may be victims of an accident, such as road accidents or other unforeseen events.

Objective of the scheme

This scheme was launched by Prime Minister Narendra Modi in the year 2015. Its main objective is to assist citizens in dealing with financial losses caused by accidents. Under this, the insured or his family gets financial protection in case of death or serious injury in an accident.

Eligibility for Pradhan Mantri Suraksha Bima Yojana

• To join Pradhan Mantri Suraksha Bima Yojana, your age should be between 18 to 70 years.
• To avail of this scheme, you have to pay only Rs 20 as an annual premium. This amount is deducted from your bank account through auto-debit, so you do not need to do anything separately.

Benefits of PM Suraksha Bima Yojana

Under this plan, the insured gets the following benefits in different types of accidents:

• If death occurs in the accident, the family is given a compensation of Rs 2 lakh.
• An amount of Rs 2 lakh is also given in case of total disability in an accident.
• In case of partial disability, a compensation of Rs 1 lakh is given.

How to apply for Pradhan Mantri Suraksha Bima Yojana?

The application process to avail of the benefits of Pradhan Mantri Suraksha Bima Yojana is very simple. You have to download a form by visiting the official website of the scheme. After filling this form, you can submit it to your nearest bank branch along with the relevant documents. After this you become a part of this scheme and can avail the benefits of accident insurance.

PC:Social Welfare