Pradhan Mantri Suraksha Bima Yojana 2023: Suraksha Bima Yojana Online Application

Not every citizen is financially capable enough to get his security insured. Because the premium is charged by private insurance companies for providing insurance coverage at higher rates. Keeping this in mind, many security insurance schemes are operated by the government at low premiums. 

Through this article, you will be provided information related to one such scheme whose name is Pradhan Mantri Suraksha Bima Yojana. Insurance cover will be provided in case of an accident through this scheme. You will be able to get information related to Suraksha Bima Yojana online application by reading this article. Apart from this, you will also be able to get information related to benefits, features, eligibility, important documents, etc. of this scheme.

PM Suraksha Bima Yojana 2023

Pradhan Mantri Suraksha Bima Yojana was launched on 8 May 2015 by the Prime Minister of our country Narendra Modi. Through this scheme, insurance coverage is provided in case of an accident. To get the benefit of Pradhan Mantri Suraksha Bima Yojana, the applicant has to pay a premium of ₹ 20 per year. If the life assured dies, in this case, the sum assured is given to the nominee. Apart from this, the insurance amount is also provided in case of permanent disability.

Through this scheme, an insurance amount of ₹ 100000 to ₹ 200000 is provided in case of an accident. The benefit of Suraksha Bima Yojana can be obtained only from the age of 18 years to the age of 70 years. Every year the premium amount is deducted from the bank account before 1st June. To get the benefit of this scheme, it is mandatory to have the facility of auto debit activated on the bank account.

Revision in premium rates

It has been decided by the Central Government to revise the amount of premium under Pradhanmantri Suraksha Bima Yojana. From June 1, 2022, new premium rates will be implemented under this plan. Pradhan Mantri Suraksha Bima Yojana was launched by the government in the year 2015. There was no change in the premium rates of this plan since till now. Under this scheme, the rate of premium has been increased by the government by ₹ 1.25 per day. Now the beneficiaries of this scheme will have to pay a premium of ₹ 20 instead of a premium of ₹ 12. These premium rates have been revised keeping in view the claim experience. By 31 March 2022, the number of active subscribers under this scheme was 22 crores.

Pradhanmantri Suraksha Bima Yojana Highlights

Scheme Name	Prime Minister’s Security Insurance Scheme
initiated by	By Prime Minister Shri Narendra Modi
launch date	the year 2015
Beneficiary	poor people of the country
purpose	providing accident insurance

Haryana government will pay the premium of 3.25 lakh women

Haryana Government has announced to pay the premium amount of Pradhan Mantri Suraksha Bima Yojana from the fund of Mukhyamantri Parivar Samriddhi Yojana. This benefit will be provided by the Haryana Government to the women of the Self Help Group of Haryana State Rural Livelihood Mission. Women belonging to the Self Help Group need not pay the premium of PM Suraksha Bima Yojana from their own pocket. About 3.25 lakh women will get benefit from this scheme. During the coronavirus infection, the economic condition of women in rural areas has worsened considerably.

According to the survey, it has been found that 4.91 lakh women in the state are associated with the Haryana State Rural Livelihood Mission. Out of which 1.64 lakh women have registered themselves under Pradhan Mantri Suraksha Bima Yojana. But there are 3.25 lakh women who are not getting the benefit of this scheme. The amount premium of all these 3.25 lakh women, which is Rs 40 lakh, will be paid by the Haryana government.

The objective of Pradhan Mantri Suraksha Bima Yojana

As you know that there are many people in the country who are unable to get themselves insured due to being financially poor. On the other hand, whenever such a person dies in an accident, his entire family starts facing a financial crisis. Apart from this, they are not able to pay any kind of insurance plans available with private or any public sector insurance companies, then they all are entitled to Suraksha Bima Yojana. Under this scheme, if a person gets his accident insurance and he dies, then the amount insured by that person is given as cover to his family or nominee.

PM Suraksha Bima Yojana Premium

To get the benefits of Pradhanmantri Suraksha Bima Yojana, a premium of ₹ 12 per year has to be paid by the members. This premium amount will be deducted from the account holder’s savings account on or before June 1 as per the auto debit facility. If the facility of auto debit is not available on 1st June, then in this case the amount of premium will be deducted from the account after the facility of auto debit is made available. The benefit of this scheme will be provided from the first day of the next month in which the insurance cover amount is deducted. The amount of the premium will also be reviewed on the basis of annual claim experience.

Prime Minister’s Security Insurance Scheme Termination

Suraksha Bima Yojana can be availed till the age of 70 years. If the age of the beneficiary is 70 years or more then the Pradhan Mantri Suraksha Bima Yojana will be terminated. If the beneficiary has closed the bank account, then even in that case the Pradhan Mantri Suraksha Bima Yojana will be terminated. If the beneficiary’s account does not have sufficient balance to pay the premium, then in this case also the account will be terminated under this plan.

Amount to be given in PMSBY

insurance status _	sum insured _
death	2 lakh rupees
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 one hand or foot	2 lakh rupees
total loss of sight in one eye and loss of use of one hand and foot	1 lakh rupees

Benefits of Pradhan Mantri Suraksha Bima Yojana

• The benefits of this scheme will be provided to the people of all sections of the country, but especially the people of the backward and poor sections of the country will be provided benefits.
• If a person dies in a road accident or any other accident. So his family will be provided accident insurance up to Rs 2 lakh by the government.
•  In case of permanent partial disability, a cover of Rs 1 lakh is available.
• If he is temporarily disabled in an accident, then he is given an insurance cover of up to one lakh rupees.
• Under Pradhan Mantri Suraksha Bima Yojana, the policyholder will have to pay a premium of Rs 12 annually. Only then he will be entitled to security insurance.
• Also, they are not able to pay any type of insurance plans available with private or any public sector insurance companies, then they all are entitled to this scheme.
• Pradhan Mantri Suraksha Bima Yojana will be renewed every year with a cover for one year.
• The Bank may engage any insurance company of its choice to offer this PMSBY.
• Especially people living in rural areas of the country. Pradhan Mantri Suraksha Bima Yojana provides insurance to them.

Suraksha Bima Yojana Terms and Conditions

• The duration of Pradhan Mantri Suraksha Bima Yojana has been fixed for 1 year.
• The scheme can be renewed every year.
• Insurance cover will be provided under Accidental Insurance Scheme in case of death due to accident or disability.
• Initially, this scheme will be made available through general insurance companies of the public sector.
• Participating banks are free to engage any such general insurance company for the implementation of the scheme for their customers.
• To get the benefit of this scheme, the age of the beneficiary should be between 18 years to 70 years.
• If a person has more than 1 savings account, then that person can get the benefit of this scheme from only one savings account.
• The period of insurance coverage has been fixed from 1st June to 31st May.
• The applicant can get the benefits of the scheme only after paying the annual premium.
• If for some reason the beneficiary of this scheme has left the scheme, then in the future he can get the benefit of this scheme by paying the premium.

Expiration of cover under Pradhan Mantri Suraksha Bima Yojana

• After the completion of 70 years of age, the grave will end.
• If there is no balance in the beneficiary’s bank account to pay the premium.
• If the member is registered under the scheme with more than one account and the premium is received by the insurance company, then in this case the insurance cover will be limited to only one account and the premium may be forfeited.
• In case an insufficient amount of premium is received on the due date, the insurance coverage ceases.

Operation of PM Suraksha Bima Yojana

• Pradhan Mantri Suraksha Bima Yojana will be operated according to the prescribed terms and conditions.
• The data flow process and Amkheda Proforma will be made available separately.
• Annual premiums will be deducted by the bank through auto debit within the prescribed period.
• In case of receipt of medicine, the insurance company may ask for the submission of a nomination form.
• The documents may be asked for by the insurance company at any time.

Appropriation of premium under Pradhan Mantri Suraksha Bima Yojana

• Insurance premium to be paid to the insurance company: ₹10 per year per member
• Reimbursement of business to BC/Micro/Corporate/Agent: ₹1 per year per member
• Reimbursement of operating expenses to the participating bank: ₹1 per year

Eligibility for Pradhan Mantri Suraksha Bima Yojana

• The applicant must be an Indian resident.
• Under Pradhan Mantri Suraksha Bima Yojana, the age of the applicant should be between 18 years to 70 years and should not be more than this.
• It is mandatory for the candidate to have an active savings bank account.
• The applicant has to sign a consent letter for auto debit of the policy premium.
• The entire 12 premiums will be deducted at once on 31st May every year.
• In case of the closure of the bank account, the policy will lapse.
• The policy cannot be renewed if the premium is not deposited.

Documents of PM Suraksha Bima Yojana

• Aadhaar Card of the applicant
• identity card
• bank account passbook
• age certificate
• I Certificate
• mobile number
• passport size photo

How to apply for Pradhan Mantri Suraksha Bima Yojana?

Interested beneficiaries of the country who want to take advantage of Pradhan Mantri Suraksha Bima Yojana can apply under this scheme by visiting any branch of the bank.

• If you want to download the Application Form, then you must first go to the official website of the Prime Minister’s Security.

• After visiting the official website, the home page will open in front of you.
• On this home page, you will see the option of Forms, you have to click on this option. After clicking on the option, the next page will open in front of you on the computer screen.
• On this page, you have to click on the option of Pradhan Mantri Suraksha Bima. After this, you have to click on the option of the application form.
• Then the PDF of the application form will open in front of you. You can download the Application Form PDF , and after that you will have to fill in all the information asked in the application form like name, address, Aadhaar number, email ID, etc.
• After filling in all the information, you have to attach all your documents with the application.
• Then you have to submit the application form to the bank.

PM Suraksha Bima Yojana Application Status Check Process

• You have to visit the official website of Pradhan Mantri Suraksha Bima Yojana.
• Now the home page will open in front of you.
• On the home page, you have to click on the link to view the application status.
• Now a new page will open in front of you.
• You have to enter the Application Number on this page.
• Now you have to click on the Search button.
• Application Status will be on your computer screen.

State Wise Toll-Free Number Viewing Process

1. First of all, you have to go to the official website of Suraksha Bima Yojana.
2. Now the home page will open in front of you.
3. On the home page, you have to click on the link for the contact.
4. Now you have to click on the link of State Wise Toll-Free Number.

• As soon as you click on this link, you will have state-wise toll-free numbers in front of you.

Pradhan Mantri Suraksha Bima Yojana Beneficiary List Viewing Process

• First of all, you have to go to the official website of Pradhan Mantri Suraksha Bima Yojana.
• Now the home page will open in front of you.
• On the home page, you have to click on the link to the Beneficiary List.
• Now a new page will open in front of you in which you have to select your state.
• Now you have to select your district.
• After this, you have to select your block.
• The beneficiary list will be on your computer screen.

Contact Information

Through this article, we have provided you with all the important information related to Pradhan Mantri Suraksha Bima Yojana. If you are still facing any kind of problem then you can contact on helpline number to solve your problem. The helpline number is 18001801111/1800110001.

Important Links

• Official website
• Application Form
• Claims Form
• State Wise Toll-Free Numbers