NAME : Pradhan Mantri Suraksha Bima Yojana
TYPE OF YOJANA : This is a accidental insurance scheme made available by Modi Government at very affordable premium It is open for participation for all Indian citizens having a bank account.
MINISTRY : Department of Financial Services. Ministry of Finance
WEBSITE : http://www.jansuraksha.gov.in/.
PURPOSE : Main purpose of this yojana is creating a universal social security system, targeted especially for the poor and the under-privileged.
STRUCTURE : Under this yojana all Indians in the age group of 18 to 70 years an accidental insurance cover of Rs. 2 lacs is given at a highly affordable premium of just Rs.12/- annually. This gives financial security to the family of the insured in the case of accidental death or disability.
LAUNCHING DETAILS : Hon’ble Prime Minister launched this scheme nationally in Kolkata on 9th May, 2015.
HOW TO APPLY : Any Indian who is between age group of 18 to 70 years can apply for this insurance policy. The person should have a Bank account in any Nationalized or other participating Bank and shall apply for this yojana at the Bank branch.
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This insurance policy is available in all the branches of banks in OTC ( Over the counter ) method. The application is very simple and does not require any additional documents other than Adhar. The bank will debit the premium of Rs.12/ per annum from the Bank account. The insurance cover under this policy is given for the year 1st June to 31st May every year. For renewal the applicant can give Auto Debit instruction at the time of first application only. Then the Bank will renew the policy for next year.
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An accidental insurance cover of Rs. 2 Lacs is available for the insured. In case of claim it is to be made and it is settled in the same Bank only.
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In case of accidental death or permanent disability the family of the insured gets Rs.2 Lacs insurance amount. In case of partial disability insured person gets Rs. 1 Lac insurance amount.
BENEFICIARIES : Total 13 crore 98 Lac persons have enrolled them selves under this yojana.