PM Suraksha Bima Yojana (PMSBY)

The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accidental insurance scheme designed to provide financial security to your loved ones in case of an unforeseen accident.

Key Protections

• Affordable Coverage: For a minimal annual premium of ₹20, you can avail accidental death benefit of ₹2 lakh and ₹1 lakh for permanent partial disability.
• Easy Enrollment: Existing bank or savings account holders between 18 and 70 years can easily enroll through auto-debit.
• Renewal Advantage: Enjoy year-on-year coverage by automatic renewal.

Who can Enroll?

Savings or bank account holders between 18 and 70 years (as of nearest birthday) with participating banks or post offices. Existing PMSBY subscribers can continue their coverage by ensuring timely debits.

What is Considered an Accident?

An accident, under PMSBY, is defined as a sudden, unforeseen, and involuntary event resulting in bodily injury solely due to external means. This can include situations like:

• Road accidents

• Train accidents

• Falls

• Burns

• Drowning

What is Not Covered?

It's important to understand what situations are not covered under PMSBY. These include:

• Self-inflicted injuries
• Death or disability arising from natural causes like illness
• War, riot, or civil commotion

Claim Process:

In the unfortunate event of an accident, filing a claim is relatively straightforward. Here's a general outline:

1. Inform your bank or post office: They will initiate the claim process and provide you with the necessary forms.

2. Submit the claim form: Fill out the form completely and attach required documents like the FIR (First Information Report) in case of accidental death.

3. Claim Settlement: The insurance company will review your claim and disburse the benefit amount upon approval.

Why Choose PMSBY?

PMSBY bridges the gap between financial security and affordability. With a small annual premium, you can provide a significant financial safety net for your family in the face of an accident. Don't let an unforeseen event become a financial burden.

Conclusion

Secure your family's future today. Enroll in PMSBY and enjoy the benefits of this affordable accidental insurance scheme. Contact your participating bank or post office for more details.