Pradhan Mantri Suraksha Bima Yojana Details PMSBY 2015

Prime Minister Naredra Modi launched three major social security schemes in various state of India such as Bihar, West Bengal, Uttar Pradesh, Karnataka, Keral, Tamil Nadu, Delhi, etc. These three life insurance schemes are Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY / PMJBY), Atal Pension Yojana (APY). All three schemes will come into effect from 01 June 2015 posted at official website

We are providing some very useful details and Important / Benefit about PMSBY (Pradha Mantri Suraksha Bima Yojana 2015). Mainly accident and disability life insurance cover in Pradha Mantri Suraksha Bima Yojana and life insurance is covered in Pradhan Mantri Jeevan Jyoti Bima Yojana.

Highlights of the Pradhan Mantri Suraksha Bima Yojana and Details of PMSBY

Other Name - PMSBY Scheme 1 Accidental Death Insurance
Eligibility: Available to people in age group 18 to 70 years with bank account in any bank of India (bank account type should be saving).
Insurance premium - Candidate need to pay total Rs. 12 per annum that means Rs.1 per month.
Premium Payment Mode - Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account.
Risk Coverage:  For accidental death and full disability – Rs 2 Lakh and for partial disability – Rs 1 Lakh.
Eligibility: Any person having a bank account and Aadhaar number linked to the bank account can give a simple form to the bank every year before first of June in order to join the scheme.  Name of nominee to be given in the form.
Terms of Risk Coverage: A person has to opt for the scheme every year. He can also prefer to give a long-term option of continuing in which case his account will be auto-debited every year by the bank.
Posted on: Tuesday, May 19, 2015 8:47 PM by