Pradhan Mantri Suraksha Bima Yojana 2023 Online Apply | Pradhan Mantri Suraksha Bima Yojana View Beneficiary Status | Pradhan Mantri Suraksha Bima Yojana Check Insurance Cover | Pradhan Mantri Suraksha Bima Yojana Check Premium Amount & All Details |
The Prime Minister of India Mr. Narendra Modi has launched the PSBY so that some sort of financial assistance can be provided to the members of a family who have lost their main earning member due to any reason. For this, the applicant will need to deposit an amount of Rs.12 /- in the premium account. After death, the whole amount or insurance amount will be provided to the family member of the applicant.
Today through this article we will provide you with all types of information about Pradhan Mantri Suraksha Bima Yojana 2023 like Purpose, Eligibility Criteria, Benefits, Features and important Documents etc. Apart from this, we will share with you the process of applying online for this scholarship. To get complete information about this scholarship initiative, read this article till the end.
Pradhan Mantri Suraksha Bima Yojana 2023
Pradhan Mantri Suraksha Bima Yojana was launched by the Prime Minister of India on 8th May 2015 so that the applicants who have joined this insurance policy and paid the amount of premium will be able to get insurance package provided by the concerned officials after the death. An insurance package of Rs. 1 to 2 lakhs will be provided to the nominee in case of the death of the policyholder.
The government has come up with a new scheme that is PMSBY so that the citizens will be able to get provide social security provisions to their whole families after their death. This will provide benefits to those families where the main earning member is only one and the whole family depends upon him or her. Rs. 12/- will have to be deposited by the policyholder per annum.
Highlights Of PMSBY
The highlights of this scheme are as follows: –
| Name Of The Scholarship | Pradhan Mantri Suraksha Bima Yojana |
| Known As | PMSBY Pradhan Mantri Suraksha Bima Scheme |
| Launched By | Shri. Narendra Modi Ji |
| Launching Date | 8th May 2015 |
| Launched under | Central Government |
| Delegated Ministry | Ministry of Finance |
| Allocated Portal | Jan-Dhan Se Jan Suraksha Portal |
| Objective | To provide social security provisions to the main earning member out of the family |
| Benefit | The family will get financial support after the death of the main earning member |
| Delegated Departments | Department of Finance Departmental of Financial Services |
| Applicable To | Citizens of India |
| Beneficiaries | Main Earning Member |
| Age Limit | 18 to 70 Years |
| Mode Of Transfer | DBT (Direct Benefit Transfer) |
| Payment Mechanism | e-payment mechanism PFMS System |
| Form of Benefit | Insurance Package |
| Period Of Insurance | 1st June to 31st May |
| Amount of Premium | Rs. 12/- per annum |
| Amount of Insurance | Rs. 1,00.000/- to Rs. 2,00,000/- |
| Scheme Type | State Government Scheme |
| Hosting Site | National Information Center (NIC) |
| Mode Of Application | Online |
| Toll-Free No. | 1800-180-1111 / 1800-110-001 |
| Official Website | www.jansuraksha.gov.in |
Objectives Of PMSBY
The main objective of launching the Pradhan Mantri Suraksha Bima Yojana is to provide social security provisions to the main earning member of the family so that the family members will be able to get financial support after the death of the main earning member. Insurance cover of Rs. 1 lakhs to Rs. 2 lakh will be provided to the nominee after the death of the policyholder.
Another objective of launching the PMSBY is to bring active participation among the citizens for securing their life with the life insurance cover or package so that they will be able to secure the bright future of their family members after their death. For this, they will need to deposit an amount of Rs. 12/- per annum.
Around 3.25 Lakhs Women Got Insurance
The government of Haryana has provided insurance cover of Rs. 1 lakhs to Rs. 2 lakhs to around 3.25 lakhs women of Haryana state during the pandemic of the covid-19 virus. According to the survey report, 4.91 lakhs women have registered themselves under this scheme but out of that only about 3.25 lakhs, women were considered eligible for getting insurance.
Amount Of Premium
For getting the insurance amount after the death of the policyholder to the nominee, the applicant will need to pay the amount of premium every year. They will need to deposit an amount of Rs. 12/- per annum. Money will get automatically deducted from the account numbers of the applicants on the 1st of June of every year.
Amount Of Insurance Cover
The amount of insurance cover provided to the applicant are as follows:-
| Insurance Terms | Insurance Amount |
| Death | Rs. 2,00,000/- |
| Disabled due to accidental cause | Rs. 2,00,000/- |
| Blind disability due to accidental cause | Rs. 1,00,000/- |
PMSBY Terms & Conditions
Some terms & conditions issued regarding this scheme are as follows:-
- The amount of premium will have to be deposited by the applicant for 1 year.
- The scheme will get renewed after each year.
- In case of the death of the policyholder, a whole amount of insurance will be provided to the nominee.
- The age of the applicant must be between 18 to 70 years.
- Each year on 1st June, the amount of premium will get automatically deducted from the bank account of the policyholder.
- Depositing the annual premium account is a must for getting insurance cover after the death.
Transferral Of Insurance Cover
The transferral of insurance cover or amount will be provided to the applicant when he or she attains the age of 70 years according to the terms & conditions regulated by the insurance officials. No one will be able to get this insurance amount before the age of 70 years.
Details Of Premium Amount
Some details of the premium amount are as follows:-
| Premium Cover | Amount |
| Insurance premium to be paid to the insurance company | Rs. 10/- per annum |
| Reimbursement of charges to BC/Micro/Corporate/Agent | Rs. 1/- per annum |
| Reimbursement of Operating Expenses to Partnership Bank | Rs. 1/- per annum |
Benefits Of Pradhan Mantri Suraksha Bima Yojana
The benefits of this scheme are as follows:-
- Citizens belonging to the backward classes and poor sections will be able to get insurance cover.
- PMSBY will be proven beneficial for those applicants who fall under the age group from 18 years to 70 years.
- One can get the insurance amount after reaching the age of 70 years.
- Students or youths can purchase this premium policy.
- Before getting registration, they will just need to deposit an amount of Rs. 12/- per annum.
- Each year this policy will get automatically renewed.
- This will provide social security provisions to the family members of rural areas whose main earning member is one and the whole family depends on them.
- Insurance cover of Rs. 1 to 2 lakhs will be provided to the nominee after the death of the applicant.
- The auto-debit facility will be provided to the applicant for depositing the amount of premium.
- Pradhan Mantri Suraksha Bima Yojana will cover the insurance amount of death, disability due to accidental causes, etc.
Features Of PMSBY
The features of this scheme are as follows:-
- The Prime Minister of India has launched the Pradhan Mantri Suraksha Bima Yojana.
- Honorary Prime Minister Shri. Narendra Modi Ji has initiated this scheme.
- This scheme has been launched under the supervision of the Central Government.
- The Ministry of Finance has been delegated with the work of facilitating public finance and budget for providing insurance cover.
- The age of the applicant for getting this insurance package must be between 18 to 70 years.
- Applicants will need to pay an amount of Rs. 12/- per annum in the form of a premium.
- The policyholder will need to make his/her nominee which will take the amount of insurance on his/her behalf after his or her death.
- The period of insurance cover has been fixed from June 1st to May 31st.
- Applicants will need to keep a sufficient amount of balance in their bank account numbers for covering the amount of premium at the time of the insurance period.
- PMSBY will provide an amount of Rs. 1 lakhs to Rs. 2 lakhs in the form of life insurance to the policyholder’s nominee.
Eligibility Criteria
The applicants will need to possess the mentioned-below points for getting online registration under this Scheme:-
- The applicant must be a permanent citizen of India.
- The age of applicant must be between the age of 18 to 70 years.
- After getting registration, the applicant will need to pay the amount of premium on a yearly basis at the rate of Rs. 12/-.
- Keeping a sufficient amount of balance in the bank account number is a must in case of auto-deduction of the premium amount.
Important Documents
Some of the important documents to apply online under this scheme are as follows:-
- Aadhar Card
- DOB certificate
- Annual Income Certificate
- Latest Passport Size Photograph
- PAN Card photocopy
- Bank accounts details
- Residence Certificate issued by the governmental authorities
- Working mobile number
- Active Email Id Address
Process To Apply Online Under Pradhan Mantri Suraksha Bima Yojana
The applicants will need to follow the mentioned below points for getting online registration under this scheme:-
- In the first step, the applicant will need to visit the Official Website.
- Now you will get land on the homepage.
- On the homepage, click on the link or tab to Forms.
- A new page will be displayed on your screen.
- Choose the scheme name from the shown pictures.
- Now click on the Application Forms.
- Then click on the requisite language.
- The form will get displayed on your screen.
- Click on the Download Button.
- Now print this form.
- After this, fill out this form correctly after reading each column carefully.
- Now deposit this form to the concerned department.
Getting Contact Details
The applicants will need to follow the mentioned below points for getting contact details on the portal:-
- To get contact details, the applicant will need first to visit the official website.
- Now you will get land on the homepage.
- On the homepage, click on the Contact Link.
- Contact details will get displayed on your screen on the new page.
- Now go through the contact details mentioned on this page.
Contact Information
In case any queries and questions come to your mind regarding the Pradhan Mantri Suraksha Bima Yojana, then you may contact this toll-free number:- 1800-180-1111 / 1800-110-001.