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Pradhan Mantri Suraksha Bima Yojana (for Accidental Death Insurance)
Mar 07, 2015

Eligibility: Available to people in age group 18 to 70 years with bank account. 

Terms of Eligibility: Any person having a bank account and Aadhaar number linked to the bank account can give a simple form to the bank every year before 1st of June in order to join the scheme. Name of nominee to be given in the form.

Premium:  Rs.12 per annum.

Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available.

Risk Coverage:  For accidental death and full disability—Rs.2 Lakh and for partial disability—Rs.1 Lakh.

Terms of Risk Coverage: A person has to opt for the scheme every year. He can also prefer to give a long-term option of continuing in which case his account will be auto-debited every year by the bank.

Implementation: The scheme will be offered by all Public Sector General Insurance Companies and all other insurers who are willing to join the scheme and tie-up with banks for this purpose.


Helpline Number : 87501 87501
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