PMSBY Claim Application Form - Summary
The PMSBY Claim Application Form is a vital document for individuals looking to take advantage of the Pradhan Mantri Suraksha Bima Yojana (PMSBY). This government-backed social security scheme offers crucial one-year accidental death and disability coverage, which can be renewed every year.
PMSBY is one of the three social security schemes introduced in the 2015 budget by the Government of India. The other two schemes are the Atal Pension Yojana and the Pradhan Mantri Jeevan Jyoti Bima Yojana.
Eligibility Criteria
The PMSBY scheme is accessible to all individual bank account holders aged between 18 and 70. It does not matter if the account is a single or a joint one.
Here are some important points to remember:
- If a person has multiple accounts with different banks, they can only enroll in PMSBY through one of those accounts.
- In the case of joint accounts, all account holders can participate in the PMSBY scheme.
- Non-Resident Indians (NRIs) are also welcome to join this scheme. However, if a claim is made, the beneficiary or nominee will receive the payment only in Indian rupees.
Period Of Enrolment
The enrolment period for the PMSBY scheme lasts for one year, from June 1st to May 31st of the following year. It is crucial for banks to receive the auto-debit instruction by May 31 every year. As this is a yearly scheme, individuals must give their consent for auto-debit by May 31 of the next year.
How To Apply
Applying for PMSBY registration is simple and straightforward. You can fill out the offline application form. If you need the form, you can easily download it in PDF format from this link: PMSBY Application Form. This ensures that you have the necessary paperwork ready to apply for this beneficial scheme.