Thursday, 3 December 2015

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

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Are you living in rural area ? Are you insured ? Do you have Bank account ? Do you know what scheme Government of India launched recently ?


I asked these question because these were the questions that have been in the Brain of Narendra Modi.Narendra modi before election said that He is an Indian and will do only welfare work for India.So he is doing.Narendra modi has been continuousely looking forward for the people of India.


Narendra Modi's Vision : Developing India



To spread the awareness about schemes and make their life better or insured Narendra Modi launched social security scheme in Kolkata on May 9 ,2015 . PM Modi launched the Pradhan Mantri Suraksha Bima Yojana (PMSBY) scheme which is an accidental Death and Disability insurance scheme for the people of India.He launched PMSBY scheme along with two another scheme.Two Pradhan Mantri yojan are Insurance scheme and One Pradhan Mantri yojan is of Pension scheme.

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About Pradhan Mantri Suraksha Bima Yojana (PMSBY)



Pradhan Mantri Suraksha Bima Yojana was lauched for the people  living in India who are not insured.The main aim of the Pradhan Mantri Suraksha Bima Yojana (PMSBY) is to reach that number of people who are far away to reach for scheme.So that they can insured themself.


The people living in rural area do not insure themself because they thinks that insurance is expensive thing for them.The goal of PMSBY scheme  is to reach these people and let them awarness about scheme which is not expensive which they can use to insure themself.


Who is eligible under PMSBY ?

Any Individual between the age group 18 to 70 can join this scheme.An individual must have Bank account to gets the benefit of scheme.


How to get PMSBY scheme ?




  1. You can download the PMSBY application form here :: http://www.jansuraksha.gov.in/FORMS-PMSBY.aspx
  2. To have PMSBY Scheme You must have Bank account and Aadhar Card.
  3. Make sure You have linked your Aadhar Card with your Bank account.
  4. Fill the PMSBY application form with correct information and submit it to Bank before June 1 , 2015.
  5. You need to submit the PMSBY application form each year before June 1 ,2015.
  6. You need to have atleast Rs. 12/- in your Bank acount for the PMSBY  Scheme .
  7. Premium of PMSBY  Scheme fill be auto-debited from the Bank account.



Insurance cover under  PMSBY scheme 



Pradhan Mantri Suraksha Bima Yojana (PMSBY) Scheme is an an accidental Death and Disability insurance scheme.So This scheme offers two types of insurance cover.


Full Disablity or accidental death : Under Pradhan Mantri Suraksha Bima Yojana (PMSBY) Scheme Rs. 2 lakh of cover will be provided for full Disablity or accidental death.


Partial Disablity : Under Pradhan Mantri Suraksha Bima Yojana (PMSBY) Scheme Rs. 1 lakh of cover will be provided for Partial Disablity .


Tax benefits under PMSBY scheme 

Pradhan Mantri Suraksha Bima Yojana (PMSBY) Scheme is totally tax free under Section 80C and Section 10(10D) .The premium you pay for the PMSBY Scheme will also be tax free under Section 80C.Accidental cover will also be tax exempted under Section10(10D)


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