Under Pradhan Mantri Suraksha Bima Yojana, life insurance of up to Rs 2 lakh is available at an expense of Rs 20 per year i.e. less than Rs 2 per month. In this insurance scheme, in case of death of the beneficiary in an accident, the nominee or family gets Rs 2 lakh. In this, no medical examination is required to buy insurance. Here we are telling you about this scheme… Question 1: What is this accident insurance scheme and how much cover and premium is to be paid in it? Answer: This is a personal accident insurance scheme with a period of 1 year, which can be renewed every year. In this scheme, insurance money is provided in case of death or disability due to accident. Its annual premium is only Rs 20. Question 2: What is considered an ‘accident’ under the scheme? Are natural disasters or murders covered? Answer: As per the scheme, ‘accident’ means any sudden, unexpected and incident caused by external or visible causes. Question 3: Who can join this scheme and what is the age limit? Answer: All individual (single or joint) savings account holders of the bank or post office in the age group of 18 to 70 years are eligible for this scheme. Even if a person has accounts in more than one bank, he can join the scheme through only one bank account. In case of joint account, all the account holders can avail the benefit of this scheme by paying their separate premium of ₹20. Question 4: How is the premium paid and how long does the insurance cover last? Answer: Premium is paid once a year through ‘Auto-Debit’ facility from bank or post office account. The insurance period is from June 1 to May 31 every year. If a person is not able to join in the initial period, he can join in the subsequent months or even years by paying the annual premium. However, the risk cover will commence only from the date of premium deduction. Question 5: Can NRIs avail the benefits of this scheme? If someone leaves the plan midway, can one rejoin? Answer: NRIs having accounts in banks located in India can also avail this cover. However, in case of a claim, the amount will be paid in Indian Rupees only. Question 6: Under what circumstances can insurance cover lapse or be cancelled? Answer: Accident insurance cover ceases in the following situations: Question 7: Will hospitalization expenses be covered after an accident? Who will get the claim in case of death? Answer: Medical expenses of hospitalization are not paid under this scheme. Question 8: How important is a police report or FIR for a claim? Answer: Police report/FIR is necessary in cases of death related to road, rail or vehicle accident, drowning or any criminal incident. However, in incidents like snake bite or falling from a tree, the claim can be processed immediately based on the medical records of the hospital. Question 9: Where can one avail the benefits of this scheme? Answer: Insurance can be availed under this scheme through insurance companies. Apart from this, you can avail the benefit of Prime Minister Suraksha Bima Yojana from any branch of the bank. Wherever you have a bank account.
Source link
[ad_3]
Insurance of 2 lakhs for ₹ 20 under PM Suraksha Bima Yojana: A person aged between 18 to 70 years can avail the benefit, know its important things.
