Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Government Organization (NABARD, LIC & ETC)

Beneficiary Type: Other

Objective

PMSBY offers coverage/compensation in case of death or disability.

Objective

PMSBY aims to provide financial security to families in case of accidental death or disability, with a minimal premium of ₹20 per year.

Benefits

The scheme provides insurance coverage/compensation in case of death of the a person/weaver/worker in age group of 18-50 years. In case of accidental death, the coverage will be INR 2 lac and in case of disability or partial disability, INR 1 lac. The annual premium of INR 12 will be borne entirely by Government

Eligibility

1) Beneficiary must be a resident of India, 2) Beneficiary must be between age of 18-50, 3) Beneficiary must have a bank account

Coverage Area

Application Method

Please contact LIC office, Bank branch

Application Form

Please contact LIC office, Bank branch

Documents Required

Consent-cum-Declaration Form: Duly filled and signed. KYC Documents: Aadhaar card, Voter ID, PAN card, or any other government-issued ID. Bank/Post Office Account Details: Passbook or account statement. Auto-Debit Authorization: Consent for annual premium deduction.

Information Source

https://panchayat.gujarat.gov.in/sabarkantha/documents/15th-Finance-Commission.pdf

Gender Male,Female,Others
Age 0 to 100
Caste General,Scheduled Caste,Scheduled Tribe,Socially and Economically Backward Communities / Other Backword Class
Economic Status APL,BPL,Both
Occupation Any Other
Sector Agriculture / horticulture
Income Criteria Not Applicable
Citizen Senior Citizen, Non Senior Citizen
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