Pradhan Mantri Suraksha Bima Yojana 2024; In today’s fast-paced world, having term insurance coverage is essential. Term insurance ensures financial support for the family by providing a lump sum payment in case of the untimely demise of the primary breadwinner. Recognizing this need, the Pradhan Mantri Suraksha Bima Yojana 2024 was launched in India, aiming to enhance insurance accessibility. If you are intrigued by the Pradhan Mantri Suraksha Bima Yojana 2024, this article provides a comprehensive guide, including eligibility criteria, required documents, benefits, and application process.
Table of Contents
What is Pradhan Mantri Suraksha Bima Yojana 2024?
The Pradhan Mantri Suraksha Bima Yojana 2024, inaugurated by Prime Minister Narendra Modi on 9th May 2015, seeks to offer affordable insurance coverage to economically disadvantaged individuals aged between 18 to 70 years. With a minimal annual premium of just Rs 12, beneficiaries receive substantial benefits: Rs 2 lakh for accidental death or total disability and Rs 1 lakh for partial disability.
Recent data from the Press Information Bureau (PEB) reveals that over 41.50% of enrollees in the scheme are women, with 61.29% of claim recipients also being women. This underscores the scheme’s importance in meeting the crucial needs of the weaker sections of society.
Who is Eligible for Pradhan Mantri Suraksha Bima Yojana 2024?
To avail of the benefits of the Pradhan Mantri Suraksha Bima Yojana 2024, certain eligibility criteria must be met:
- Age: Individuals must be between 18 and 70 years. Those above 70 are not eligible.
- Annual Coverage: Coverage is allowed until the insured person reaches 55 years.
- Bank Account: Applicants must have a financial savings bank account.
- Premium Payment: Individuals must authorize their bank for automatic premium deduction.
Documents Required for Pradhan Mantri Suraksha Bima Yojana 2024
To apply for the scheme, applicants need the following documents:
- Aadhar Card: For identification purposes.
- PAN Card: Necessary for financial documentation.
- Bank Account Passbook: Required for linking the scheme to the applicant’s account.
- Active Mobile Number: Needed for communication and updates.
- Passport Size Photograph: For official records.
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Benefits of Pradhan Mantri Suraksha Bima Yojana 2024
Pradhan Mantri Suraksha Bima Yojana 2024 offers several benefits:
- Life Cover: Rs 2 lakh for accidental death or total disability.
- Partial Disability Cover: Rs 1 lakh for partial disability.
- Age Eligibility: Individuals aged 18 to 70 can avail benefits.
- Nominee Benefits: Nominees can claim benefits in case of the account holder’s unfortunate demise.
- Affordable Premium: An annual premium of Rs 12 per member, automatically debited before June 1 each year.
How to Apply for Pradhan Mantri Suraksha Bima Yojana 2024?
To apply, follow these steps:
- Visit Bank/Post Office: Go to the nearest bank or post office offering the scheme.
- Get Application Form: Request the application form from the bank officer or download it from the official website.
- Fill the Form: Provide all required information in the application form.
- Attach Documents: Attach necessary documents securely.
- Submission: Submit the form and documents to the bank/post office. Collect the acknowledgment for records.
How to Claim Pradhan Mantri Suraksha Bima Yojana 2024?
Claims under the scheme are distributed to the nominee in specific scenarios:
- Accidental Death: Rs 2 lakh for accidental death.
- Total Disability: Rs 2 lakh for total disability.
- Partial Disability: Rs 1 lakh for partial disability.
Some conditions to be aware of:
- Accident Coverage: The plan covers only accidents.
- FIR or Panchnama: FIR or Panchnama is necessary in case of an accident.
- Notification to the Bank: Nominee must inform the bank about the insured’s death.
- Claim Form Submission: Submit a filled claim form to the bank within 30 days of the accident.
- Documents Required: Provide necessary documents such as death certificate, FIR copy, Panchnama, or disability certificate.
Pradhan Mantri Suraksha Bima Yojana 2024 Important Links
Pradhan Mantri Suraksha Bima Yojana 2024 Apply Online Click Here
FAQs
Q: How much amount is given in Pradhan Mantri Suraksha Bima Yojana?
A: The scheme provides coverage of Rs 2 lakh for accidental death or total disability and Rs 1 lakh for partial disability.
Q: What is the age limit of Pradhan Mantri Suraksha Bima Yojana?
A: The age eligibility is between 18 to 70 years.
Conclusion
This article aims to inform readers, especially the youth, about the benefits of the Pradhan Mantri Suraksha Bima Yojana 2024. Spreading awareness about such initiatives is crucial for providing financial security to individuals in our community. We encourage all applicants to share this article and address any questions in the comment box below. Your financial security matters, and this scheme is a step towards ensuring it for all.