Pradhan Mantri Suraksha Bima Yojana Online Registration

Pradhan Mantri Suraksha Bima Yojana Benefits | Pradhan Mantri Suraksha Bima Yojana Eligibility | Pradhan Mantri Suraksha Bima Yojana Documents Required | How To Apply For Pradhan Mantri Suraksha Bima Yojana Online | Pradhan Mantri Suraksha Bima Yojana Online Registration: Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an accidental insurance scheme launched by the Indian government in 2015. The scheme is open to all citizens of India between the ages of 18 and 70, who have a bank account. The scheme aims to provide accidental death and disability coverage to individuals at a very low premium. The scheme is being implemented by the Ministry of Finance and is available through various banks and other financial institutions in India.

Under the scheme, subscribers are required to pay a premium of Rs. 12 per year and in return, they receive accidental death and disability coverage of Rs. 2 lakh. The scheme also provides coverage for partial permanent disability and permanent total disability. The scheme is intended to provide financial protection to individuals in the event of an accident and to promote the habit of saving for accidental risks among people in India.

It is important to note that the scheme is voluntary and subscribers can enroll themselves at any time, but the coverage is only for one year and need to be renewed every year.

Pradhan Mantri Suraksha Bima Yojana Objective:

The main objectives of the Pradhan Mantri Suraksha Bima Yojana (PMSBY) are:

1. To provide accidental death and disability coverage to individuals at a very low premium.
2. To promote the habit of saving for accidental risks among people in India.
3. To provide financial protection to individuals in the event of an accident.
4. To increase the coverage of accidental insurance in India, and to provide a social security net for individuals who are not covered by any other insurance scheme.
5. To provide coverage for accidental death, partial permanent disability, and permanent total disability
6. To ensure financial protection to citizens in the event of accidental death or disability
7. To encourage people to save for accidental risks and make them aware of the importance of accidental insurance
8. To provide easy and affordable access to accidental insurance, by being available through various banks and other financial institutions in India.

Pradhan Mantri Suraksha Bima Yojana Main key Features:

The main key features of the Pradhan Mantri Suraksha Bima Yojana (PMSBY) include:

1. Low-cost premium: The scheme requires a premium of only Rs. 12 per year, which makes accidental insurance affordable to a large number of people.
2. Voluntary and open to all: The scheme is open to all citizens of India between the ages of 18 and 70, who have a bank account and is voluntary in nature.
3. Accidental death and disability coverage: The scheme provides accidental death and disability coverage of Rs. 2 lakh, which can help to provide financial protection to individuals in the event of an accident.
4. Coverage for partial permanent disability and permanent total disability: The scheme also provides coverage for partial permanent disability and permanent total disability.
5. Implementation: The scheme is being implemented by the Ministry of Finance and is available through various banks and other financial institutions in India
6. Renewable annually: The scheme has to be renewed every year to continue getting the coverage
7. Easy Accessibility: The scheme is easily accessible through various banks and financial institutions in India
8. Voluntary: The scheme is voluntary in nature, which makes it accessible to those who wants to plan their finances for accidental risks.

Benefits of Pradhan Mantri Suraksha Bima Yojana:

The benefits of the Pradhan Mantri Suraksha Bima Yojana (PMSBY) include:

1. Low-cost premium: The scheme requires a premium of only Rs. 12 per year, which makes accidental insurance affordable to a large number of people.
2. Financial protection: The scheme provides accidental death and disability coverage of Rs. 2 lakh, which can help to provide financial protection to individuals in the event of an accident.
3. Coverage for partial permanent disability and permanent total disability: The scheme also provides coverage for partial permanent disability and permanent total disability, which helps to provide coverage for different types of accidental risks.
4. Social security: The scheme provides a social security net for individuals who are not covered by any other insurance scheme, which can help to reduce poverty and improve the overall well-being of people in the event of an accident.
5. Easy Accessibility: The scheme is easily accessible through various banks and financial institutions in India, which makes it easily accessible to the citizens.
6. Voluntary: The scheme is voluntary in nature, which makes it accessible to those who wants to plan their finances for accidental risks.
7. Encouraging savings: The scheme promotes the habit of saving for accidental risks among people in India, by providing an incentive for regular contributions to the scheme
8. Government support: The scheme is supported by the government which increases the trust and reliability of the scheme.

Pradhan Mantri Suraksha Bima Yojana Criteria and Eligibility:

The criteria and eligibility for the Pradhan Mantri Suraksha Bima Yojana (PMSBY) are as follows:

1. The scheme is open to all citizens of India between the ages of 18 and 70, who have a bank account.
2. The scheme is open to individuals who are self-employed, work in the unorganized sector, or do not have access to any other accidental insurance scheme.
3. The scheme is voluntary and subscribers can enroll themselves at any time.
4. Subscribers are required to pay a premium of Rs. 12 per year and in return, they receive accidental death and disability coverage of Rs. 2 lakh, as well as coverage for partial permanent disability and permanent total disability.
5. The scheme is available through various banks and other financial institutions in India.
6. The coverage is only for one year and need to be renewed every year.
7. Subscriber should have an active bank account linked to the Aadhaar card.

It’s important to note that specific criteria and eligibility for the scheme may vary across banks and financial institutions, so it’s best to check with the institution directly for more information.

How to apply for Pradhan Mantri Suraksha Bima Yojana Online Registration:

The process for online registration for the Pradhan Mantri Suraksha Bima Yojana (PMSBY) may vary depending on the bank or financial institution that you apply to. However, generally, the process is as follows:

1. Go to the official website of the Ministry of Finance or the corresponding bank or financial institution.
2. Look for the online registration link for the Pradhan Mantri Suraksha Bima Yojana.
3. Fill out the online application form with all required personal information and attach the necessary documents such as a valid ID proof and aadhar card.
4. Submit the completed application form and wait for a confirmation of receipt.
5. After the application is reviewed and approved, you will be required to link your bank account with Aadhaar card, complete the KYC formalities, provide nominee details and pay the premium
6. Once the registration is completed, you will start getting the coverage for accidental death and disability

It’s important to note that the process may be different for different banks and financial institution, so it’s best to check with the institution directly for specific instructions on how to apply for the scheme. Additionally, it is recommended to check the terms and conditions before applying.