Pradhan Mantri Suraksha Bima yojna (PMSBY)
- Pradhan Mantri Suraksha Bima Yojana is a government-backed Accident Insurance Scheme in India.
The scheme is for one year cover,renewable from year to year. The premium is Rs.
12 per annum per member and premium is to be auto-debited in single installment from the subscriber’s bank account as per the option given by him on or before 31st May of each annual coverage period under the scheme.
- Age of applicant between 18 years to 70 years having a Savings Bank Account.
- Aadhar would be the primary KYC for the bank account.
- In case of death of the insured, coverage : Rs. 2 Lakh.
- In case of 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, coverage : Rs. 2 Lakh.
- In case
of total and irrecoverable loss of sight of one eye or loss of use of one hand
or foot, coverage : Rs. 1 Lakh.
NOTE: please visit www.nsiindia.gov.in for latest instructions/ modification in the scheme.