Pradhan Mantri Suraksha Bima Yojana Form SBI - Summary
Pradhan Mantri Suraksha Bima Yojana (PMSBY) Form for SBI is an essential social security scheme introduced by the Indian government in the 2015 Budget. Alongside the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY), PMSBY provides vital benefits to individuals.
This accident insurance scheme offers a one-year coverage for accidental death and disability, with renewal options available each year.
Under PMSBY, the risk coverage includes Rs 2 lakh for accidental death and permanent total disability, while permanent partial disability is covered for Rs 1 lakh. Here, permanent total disability refers to the total and irrecoverable loss of both eyes or loss of use of both hands or feet, or loss of one eyesight along with the loss of use of a hand or a foot. Permanent partial disability, on the other hand, relates to the total and irrecoverable loss of an eyesight or loss of use of a hand or foot.
This coverage works in addition to any other existing insurance plans held by the subscriber. However, please note that the scheme does not cover medical expenses incurred from hospitalisation due to an accident leading to death or disability.
Eligibility Criteria
The eligibility requirements for enrolling in the Pradhan Mantri Suraksha Bima Yojana are straightforward:
- The minimum age for eligibility is 18 years.
- The maximum age limit is 70 years.
- Individuals aged between 18 and 70 with a savings bank account can subscribe to the policy.
- Aadhaar card must be linked to the bank account.
- If the Aadhaar card is not linked, a copy must be attached to the application form.
- Individuals with multiple savings accounts can only join through one account.
- The annual premium is Rs. 12.
- The premium is automatically deducted from the insured’s bank account.
- The scheme lasts for one year and can be renewed thereafter.
- The primary KYC document required is the applicant’s Aadhaar card.
Documents Required
To apply for the Pradhan Mantri Suraksha Bima Yojana, you need to fill out the application form correctly. The information required includes:
- Name
- Aadhaar number
- Contact information
- Nominee details
- The application form is accessible in different languages: English, Hindi, Bengali, Marathi, Oriya, Telugu, Tamil, and Gujarati.
Applicants can visit any SBI bank branch or registered insurance companies to enroll in the Pradhan Mantri Suraksha Bima Yojana.
Many reputable banks also allow individuals to subscribe to the policy through internet banking. Simply log in to your internet banking account to complete the enrollment process.
You can download the Pradhan Mantri Suraksha Bima Yojana SBI application form in PDF format using the link provided below. This ensures you have easy access to the necessary information for your download. 📄