PMSBY Scheme Details 2024 : Benefits, Eligibility & Renewal Process

Pradhan Mantri Suraksha Bima Yojana is the full name of the program (PMSBY). Public Sector General Insurance businesses (PSGICs) and other general insurance businesses provide the PMSBY scheme. It is an accident insurance scheme that was introduced on 1 June 2015 and offers coverage for a year that is renewed annually. In this post you get every necessary information regarding this scheme such as benefits, objective, eligibility, documents and renewal process.

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PMSBY Scheme Details

The Government of India introduced a scheme to offer health insurance coverage up to Rs.2 lakh for a monthly fee of Rs. 20. The scheme’s benefits are available to any Indian permanent residents who are between the ages of 18 and 70.

If the applicant is disabled or dies, they will receive financial support of Rs.2 lakh if they are partially disabled, they would receive financial aid of Rs.1 lakh. Direct payment of the Rs.20 premium will come from the applicant’s savings account. All candidates who meet the requirements for consideration must go to the official website and complete the online application.

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Overview Of PMSBY Scheme Details

Name of the scheme	PMSBY Scheme Details
Launched by	Government of india
Beneficiaries	Citizens
Objective	To provide health insurance
Application mode	Online
Official website	jansuraksha.gov.in

Objective Of PMSBY Scheme

The main objective of this scheme is to assist those with uncertain finances who cannot afford adequate health insurance. Indian individuals who are insecure about their finances can obtain health insurance through this program for far less money than they would pay on the open market. The candidates only need to pay the Rs.20 charge which will be taken out of their savings account immediately. The Pradhan Mantri Suraksha Bima Yojana program has a one year duration and candidates must renew it annually.

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Benefits Of PMSBY Scheme

• The scheme would provide health insurance up to Rs.2 lakh to the chosen candidates in the event of an accident.
• Should that occur, the applicant will be eligible for full financial help up to Rs.2 lakh if the applicant has partial disability, they would get Rs.1 lakh.
• The premium for the candidates is only Rs.20 which is far less than what is offered in the market.
• Citizens who are in financial difficulty can also obtain life insurance through this program without having to worry about financial issues.

Eligibility Criteria Of PMSBY Scheme

• The applicant must live in india.
• The applicant must be between the ages of 18 and 70.
• Any bank savings account is required of the applicant.

Required Documents Of PMSBY Scheme

• Passport size photograph
• Aadhaar card
• PAN card
• Birth certificate
• Death certificate
• Email ID
• Mobile number

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PMSBY Scheme Claim Process

• First you have to visit the Official Website of the scheme or can go to the bank location where the applicant purchased the policy.

• The claim application form must be obtained by the applicant from the relevant official by visiting the official website or the bank branch.
• Fill all the necessary details in the form.
• You have to attach all the necessary documents.
• The insurance company will investigate the situation and pay the insurance amount when the applicant submits their application.
• To obtain the insurance amount as soon as possible, the applicant must complete the application form accurately, with all necessary facts and on time.

Renewal Process

• First you have to visit the Official Website of the scheme.
• The homepage will appear on your screen.
• Click on the Renew option.
• A new page will appear on your screen.
• Enter all the necessary details in the form.
• You have to upload all the necessary documents.
• Click on the submit button.

FAQ’s