Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Scheme: Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Eligibility of Pradhan Mantri Suraksha Bima Yojana (PMSBY):

• Savings bank account holders between 18 years (completed) and 70 years (age nearer birthday)

• In case of multiple saving bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one savings bank account only. 

Premium of Pradhan Mantri Suraksha Bima Yojana (PMSBY):  Rs.12/- per annum per member.

Policy period of Pradhan Mantri Suraksha Bima Yojana (PMSBY):

• The cover shall be for one year period starting from 1st June 2015 to 31st May 2016.

• For the saving A/C holder joining after 31st May 2015 and on or before 31st August 2015 the cover shall end on 31st May 2016.

Table of Benefits	Sum Insured
Death	Rs. 2 Lakh
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<
Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot	Rs. 1 Lakh