The idea of getting yourself financially Insured isn’t a recently introduced concept in India. On the opposite hand, its reach remains quite restricted. Despite variety of insurance organizations working within the nation with their particular products & services, there are an enormous count of people in rural parts, who are distant even from the thought of any kind of insurance plan. Suraksha Bima Yojana is especially initiated for this category of people .
These quite people are those who are generally below the poverty level . The insurance is clearly too expensive service for them. the main intend of this yojana is to urge in-tuned with such people and convince them to travel with its highly beneficial insurance plans after the victorious performance of Pradhan Mantri Jan Dhan Yojana.
Pradhan Mantri Suraksha Bima Yojana beneficiaries
The fatality remunerations of this yojana is adequate to 2 lakh.
If a situations takes place that both the legs, hands, sight aren’t during a condition to be regained then, the victim will get an coverage of up to 2 lakh.
In case the bima policy holder loses one foot, hand, leg, sight or eye, a sum of 1 lakh rupees are going to be presented to him or her
Pradhan Mantri Suraksha Bima Yojana Premium
PM Suraksha Bima Yojana falls under a criterian that the individuals who are below poverty level are liberal to get registered to the policy which too on affordable terms and conditions. The premium fee for this Suraksha Bima plan initiated by the govt of India isn’t quite the quantity of twelve rupees which too on yearly basis for all the every member of this scheme. This sum of rupees 12 are going to be deducted from the savings checking account of the policy holder which too with an auto-debit facilitation within the month of June on yearly basis.
If by some means, the specified payment couldn’t be automatically debited from the bank account of the policy holder on or before 01st of June, the processing for this government scheme will start only after the auto-debit procedure has been completed on the account. As anticipated, the premium amounts would stay equally low for a minimum of few upcoming years.
Pradhan Mantri Suraksha Bima Yojana Eligibility criteria
Given below are a couple of facts linked to the must-haves for getting the advantages of a policy under Pradhan Mantri Suraksha Bima Yojana:
The minimum required regulation to urge yourself enrolled to the PM Suraksha Bima yojana is eighteen to seventy years. The candidate should have crossed the age of eighteen years. Adding more to the present point, he or she shouldn’t be quite seventy years aged .
The candidate should own a saving checking account in any of the banks located in India.
The candidate should provides a written approval for the power of auto-debit to pay premiums of the scheme.
Pradhan Mantri Suraksha Bima Yojana Facts and Features
Listed below are a couple of of the aspects of the beneficial Suraksha Bima Yojana:
The government scheme has got to be renewed on a yearly basis with a 1 year cover once.
These organizations should be hooked in to asserting a scheme that’s exactly same because the one, which is said under the Pradham Mantri Suraksha Bima yojana. The organizations should have satisfactory number of approvals and link-ups for this plan.
The concerned Banks will have a blank check in appointing any insurance organization that’s interested to place forward the scheme.
Pradhan Mantri Suraksha Bima Yojana Coverage
If the concerned person owns quite one saving account then, he/she would be permitted to register only for one insurance scheme, which can be linked to at least one of his/her saving account.
The ‘Aadhar Card’ are going to be taken because the most vital client document needed for getting linked with the scheme.
The amount of premium for this bima yojana are going to be debited automatically from the saving account of the subscriber.
For the primary year, that’s 2015, the candidates who have an interest in getting themselves enrolled this yojana can catch on done before 30th of November this year (2015).
In case a policy holder drops down the scheme during some year, he/she is liberal to rejoin the scheme in upcoming years with the exactly same terms and conditions.
Pradhan Mantri Suraksha Bima Yojana Cancellation
In case of the below mentioned conditions, the accident cover of the Bima policy holder are going to be directly terminated and no benefits are going to be paid from then on:
In case the policy holder reaches 70 years aged .
In case the candidate shuts his/her saving account or isn’t capable of happening with the payment of premium timely or unable to take care of the minimum required balance in his/her saving account.
In case the policy holder wants to travel for multiple policies under the scheme, the opposite policy aside from the oldest are going to be concluded.
In case the specified premium amount wasn’t paid due to inadequate cash balance in his/her saving account, the Bima policy are going to be stopped till a period when the candidate pays the specified amount of policy premium.
The Pradhan Mantri Suraksha Bima Yojana may be a beneficial scheme that’s particularly initiated to urge the uninsured people into the traditional insurance services facilities. The Bima yojana by Pradhan Mantri is far in line with the celebrated PM Jan Dhan Yojana and is actually a prolongation of the last government scheme. If the scheme goes well, a minimum of the people that live below the poverty level in remote areas will have a sigh of reprieve just in case some accident takes place.