Pradhan Mantri Suraksha Bima Yojana - PowerPoint PPT Presentation

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Pradhan Mantri Suraksha Bima Yojana

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Know all about government accident insurance scheme-Pradhan Mantri Suraksha Yojana that was commenced by Prime Minister Narendra Modi in the year 2015. – PowerPoint PPT presentation

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Title: Pradhan Mantri Suraksha Bima Yojana


1
Pradhan Mantri Surakhsa Bima Yojana
2
Introduction
  • Pradhan Mantri Suraksha Bima Yojana is a
    government-backed accident insurance scheme
    offering accidental death and disability cover.
  • The Scheme was launched by Prime Minister
    Narendra Modi on May 9, 2015.
  • The scheme offers coverage from 1st June to 31st
    May.
  • The new entrants who did not join in the earlier
    years will be able to join in the subsequent
    years while the scheme is still valid.

3
What does Pradhan Mantri Suraksha Bima Yojana
offer?
Benefit Sum Assured
Death 2 lakhs
Permanent loss of vision of both the eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of one hand or one foot 2 lakhs
Permanent loss of sight in one eye or loss of use of one hand or one foot 1 lakhs
4
Eligibility of Pradhan Mantri Surakhsa Bima
Yojana
  • The scheme can be availed by all saving bank
    account holders aged between 18-70 years.
  • The scheme can be purchased through one savings
    account only.
  • The policyholder should have an Aadhar card to
    avail the scheme.
  • For premium payment, the policyholder should give
    auto-debit facility to the bank.

5
Premium of Pradhan Mantri Surakhsa Bima Yojana
  • Pradhan Mantri Suraksha Bima Yojana aims to
    provide protection to all groups of
    people-specially the low-income groups.
  • The premium for the scheme is Rs. 12 per annum
    per member.
  • The premium will be auto-debited from
    policyholders linked saving account on or before
    1st June of every year.

6
Premium allocation in the scheme
  • Rs. 10, per annum per member is be paid to the
    insurance company.
  • Rs. 1, as Micro/Corporate agent commission on per
    member per annum.
  • Rs. 1, will be administrative expenses for per
    member per annum.

7
Termination of Pradhan Mantri Surakhsa Bima
Yojana Scheme
  • On attainting the age of 70.
  • Closure of the bank account or insufficient
    balance.
  • If the policyholder avails the scheme from more
    than one account and even if the premium is
    deducted then the additional insurance scheme
    will be terminated and the premium money will be
    forfeited.

8
Claim settlement process in Pradhan Mantri
Suraksha Bima Yojana Scheme
  • The scheme provides coverage for death, permanent
    or partial disability caused by accident only.
  • Documentary evidence should be submitted to claim
    for the same.
  • In case of death due to snake bite, fall from a
    tree or others, the claim should be supported by
    hospital record.
  • In case of any road or rail accident, the claim
    should be reported to the police.

9
  • The following documents also need to be
    submitted
  • Properly filled claim form
  • Death certificate
  • Original FIR report or Post mortem report
  • Discharge certificate
  • Insurance certificate
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