प्रधानमंत्री सुरक्षा बीमा योजना से लाभ कैसे उठाये ?
Important features of PMSBY:
Eligibility:
Nature of the Policy:
It is a one-year Personal Accident Insurance cover policy, which can be renewed from year to year up to the age of 70 years, offering financial compensation against death or permanent irrecoverable disability due to accident. There is no provision for compensation / reimbursement for medical/hospitalization expenses.
Premium:
Rs. 12/- per year (1 Jun to 31 May), to be auto-debited from the Savings Bank account, irrespective of date of joining the scheme. The policy has no maturity or surrender value.
Where to submit the application:
Approach a BCA/ CSP/ Bank Mitra/ Bank Branch with whom the SB account or Jan Dhan Yojana a/c is opened. If the Aadhar Card is linked with the Savings Bank a/c, opening the PMSBY a/c is very easy and there is no need to give a copy of the Aadhar Card. If the Aadhar Card is not linked, a copy of the Aadhar Card is to be given. Some banks are also opening the PMSBY a/c online.
Sum Insured:
|
SN |
Eventuality |
Sum Insured |
|
1 |
Accidental Death* |
Rs. 2 Lakh |
|
2 |
Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot |
Rs. 2 Lakh |
|
3 |
Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot |
Rs. 1 Lakh |
* Natural death, suicide, death due to disease, death due to Corona are not covered. However, death due to natural calamities and murder are covered.
Administration of the scheme:
The policy is issued by general insurance companies through banks. The bank is the holder of the Master Policy issued by the insurance company.
Exit and re-joining the scheme:
The subscriber can exit from the scheme by instructing the bank in writing at any point of time. After exiting from the scheme, one can re-join the scheme by submitting a fresh application to the bank.
Nomination:
Facility of the nomination is available. No signature or KYC document of nominee is required while making nomination. A minor can also be a Nominee.
Waiting Period for coverage of the risk:
The risk is covered from the date of joining the scheme.
Coverage under more than one similar policy:
If the subscriber has any other such policy/ies, a separate claim will be admissible under all the policies, thereby getting higher claim amount.
Termination of the policy:
. On attaining the age of 70 years
. Closure of account with the Bank
. Insufficiency of balance to pay the renewal premium on due date.
. Instruction in writing to the bank to exit from the policy
Procedure for submitting the claim:
. Inform the bank in writing as soon as the death / disability occurs.
. Seek the advice of the bank for filing up the claim.
. Submit the claim with all required documents as quickly as possible. Obtain the acknowledgement from the bank branch vouching the receipt of the claim.
. Depending upon the circumstances of the case some or all the following documents will be required:
Claim Form duly filled in, Death Certificate (in case of death), Post-mortem Report (in case of death), Police FIR, Panchnama, Discharge Summary form the Hospital, Competent Doctor’s Certificate in case of disability, etc.
In addition to above, following documents of the Nominee is required if the claim is lodged by the nominee:
. KYC documents
. The details of the Bank a/c (in which the claim is to be credited) – give a cancelled cheque or a copy of the Passbook pages, giving the details of the account and the branch.
. Discharge voucher (in advance) in favour of the Insurance Company, signed by the nominee across the revenue stamp.
The quality of your life is in direct proportion to the amount of uncertainty you can comfortably deal with….Tony Robbins
A prudent man may not know the uncertainties lying ahead but he can certainly take measures to mitigate the loss that might arise in the eventuality of an uncertainty becoming a reality. Insurance is a well thought plan to deal with the uncertainties in life. Now a days, most of us have some sort of insurance to deal with the uncertainties. In spite of preventive measures, death and bodily injuries are becoming more common in modern life than what was found a decade ago.
Though, Personal Accident Insurance Policy was in vogue in our country since long, it was not much popular amongst middle class and the masses, where it is much required. However, with the launch of PMSBY in 1915, the personal accident insurance is availed by these groups also in a large number. As of Dec 2019, about 17.03 crores enrollments have been done under PMSBY in a short span of 4 years. Large part of the credit goes to a strong network of 11.80 Business Correspondent Agents (BCAs) (also called CSPs/ Bank Mitra/ VLEs) set up under Financial Inclusion Plan of Govt of India.
To open an account in Pradhan Mantri Suraksha Bima Yojana, Contact us at 8448444245 or visit - www.gujaratinfotech.com
Disclaimer: The information given in the blog is only for general awareness and must not be construed as a professional advice. Readers are advised to consult the professionals in any subject matter of the blog before acting on the information discussed in the blog. The readers who are acting otherwise are doing so at their own risk.
(The reader’s comments are welcome at gnpatel@gujaratinfotech.com)
=0=0=
No comments:
Post a Comment