Download SBI Pradhan Mantri Suraksha Bima Yojana Form
You can download the SBI Pradhan Mantri Suraksha Bima Yojana Form in PDF Format for free by clicking the direct drive link below this page.
SBI Pradhan Mantri Suraksha Bima Yojana Form
Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme in India. It was originally mentioned in the 2015 Budget speech by Finance Minister Late Arun Jaitley in February 2015. It was formally launched by Prime Minister Narendra Modi on 8 May in Kolkata.
Pradhan Mantri Suraksha Bima Yojana is available to Indian residents or NRIs between 18 and 70 years of age with bank accounts. The premium is ₹12 (16¢ US) per year, exclusive of taxes. GST is exempted on Pradhan Mantri Suraksha Bima Yojana. The amount is automatically debited from the account. This insurance scheme can have one year cover from 1 June to 31 May and would be offered through banks and administered through public sector general insurance companies.
In case of unexpected death or full disability, the payment to the nominee will be ₹2 lakh (US$2,700) and in case of partial Permanent disability ₹1 lakh (US$1,300). Full disability has been defined as loss of use in both eyes, hands or feet. Partial Permanent disability has been defined as loss of use in one eye, hand or foot. Further, death due to suicide, alcohol, drug abuse, etc. are not covered. A person joined under this scheme is eligible for claim only after 45 days of joining to the scheme.
This scheme is linked to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana scheme. Most of these account had zero balance initially. The government aims to reduce the number of such zero balance accounts by using this and related schemes. This scheme will be linked to the bank accounts opened under the Prime Minister’s Jan Dhan Yojana scheme.Now all Bank account holders can avail this facility through their net-banking service facility at any time of the year.
This plan offers –
- Security – to cover an eventuality
- Simplicity – easy enrollment and swift processing with no medical examination
- Affordability – through nominal premiums across all ages
SBI Pradhan Mantri Suraksha Bima Yojana Form PDF Download Link
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