PMSBY or Pradhan Mantri Suraksha Bima Yojana is a government-backed accidental insurance scheme that provides financial coverage in the event of an accident leading to disability or death. The scheme was launched in 2015 and has since provided millions of Indians with some form of financial security in case of an untoward incident. The PMSBY scheme is an instrumental tool in the government's initiative to promote financial inclusion as the premium is minimal and the coverage benefits huge. In this article, we will discuss who is eligible for the scheme and how to enroll in it.
Who is eligible for the PMSBY scheme?
The PMSBY scheme is available to all Indian citizens between the ages of 18 and 70 years. You must have an active bank account, which is linked to your Aadhaar card. Aadhaar card is an essential document that will enable you to enroll in the PMSBY scheme. However, if you do not have an Aadhaar card, you can still enroll in the scheme by providing any one of the following documents- passport, driving license, voter ID card, or NREGA job card.
How to enroll in the PMSBY scheme?
The PMSBY scheme can be enrolled through your home branch of the bank. You need to visit any branch of your bank and fill out a PMSBY enrollment form. You can also download this form from your bank's website or from the scheme's official website. If you have linked your mobile number with your Aadhaar card, you can enroll in the scheme through SMS. You need to type PMSBY in your messaging app and send it to the toll-free number provided by your bank. You will receive a confirmation SMS after your enrollment.
Whom to contact in case of a claim?
In case of an accident leading to a claim, the nominee of the policy has to contact the bank with the relevant documents. The nominee can approach any branch of the bank and submit the claim form and documentation required. You need to remember that the nominee of the policy will be the person who will be compensated in case of an accident. Therefore, make sure to nominate someone who you trust and can rely on.
What are the benefits of the PMSBY scheme?
The scheme offers accidental death coverage of Rs. 2 lakh in case of accidental death. It also covers permanent total disability, which means if the accident leaves the person disabled for life, they are eligible for a sum of Rs. 2 lakhs. Permanent partial disability is also covered in the scheme, which means if the accident causes the person to lose a limb or an eye, causing them to be disabled for life, they will be eligible for a sum of Rs. 1 lakh. The scheme also offers a reimbursement of Rs. 1,000 in case of ambulance charges.
Conclusion:
PMSBY scheme is a government initiative aimed at providing financial security to Indian citizens in case of an accidental death or disability. The scheme has provided millions of Indians with financial coverage at a minimal premium. It is an excellent tool for promoting financial inclusion and making sure that everyone has access to some form of financial security. You can enroll in the scheme by visiting your bank's branch or by sending an SMS if your mobile number is linked with Aadhaar card. The scheme offers a sum of Rs. 2 lakh in case of accidental death or permanent total disability and Rs. 1 lakh in case of permanent partial disability. Ambulance charges of Rs. 1,000 can also be reimbursed. Thus, the PMSBY scheme is an excellent tool for making sure that you and your loved ones are financially secure in case of any accident.