Annual premium through auto debit facility from bank account
Medical treatment to be done within 30 days from the accident, and claims to be settled within 60 days of intimation Customers who are already availing of these running schemes must maintain sufficient balance in their account as on 31st May, 2023, so that Continue to get the benefits of these schemes.
Pradhan Mantri Suraksha Bima Yojana: Highlights
- You also protect yourself from the risk of accident, which has already been taken by 13.25 crore people.
- Claims worth Rs.286.28 crore have been settled
- More than 5.22 crore people have secured the future of their near and dear ones. you can also
- So far 79,485 families have been given Rs. 1589.70 crore has been supported by settlement of claims.
Pradhan Mantri Suraksha Bima Yojana : Disclaimer
Bank of Baroda is authorized by the Insurance Regulatory and Development Authority to act as a Corporate Agent from 01/04/2012 to 31/03/2025 for procuring or soliciting business of Life insurance, General insurance & Standalone Health insurance under Registration Code CA0004″. Insurance is the subject matter of solicitation. For more details on risk factors, terms and conditions please read the sales read sales brochure carefully before concluding a sale. The purchase of Insurance products by Bank of Baroda customers is purely on a voluntary basis. The insurance products are underwritten by the respective insurance company. Bank of Baroda does not perform any insurance e-commerce activity on its website. The contract of insurance is between the insurer and the insured; and not between the Bank and the Insured.
Key points of Pradhan Mantri Suraksha Bima Yojana
| 1 | premium amount | Rs 12 per year |
| 2 | coverage rules | Accidental Coverage (Full Rs 2 Lakh / Partial Rs 1 Lakh) |
| 3 | Age Range | over 18 years |
| 4 | coverage period | as long as smooth |
Eligibility
The scheme will be available to persons in the age group of 18 to 70 years having their own savings bank account and who have auto-enabled the account for annual renewal on or before 31st May for the coverage period from 1st June to 31st May. Has given consent to debit.
Difference between Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana
| Sl.No. | main point | Prime Minister’s Security Insurance Scheme | Pradhan Mantri Jeevan Jyoti Bima Yojana |
| 1 | premium amount | Rs 12 per year | Rs 330 per year |
| 2 | coverage rules | Accidental Coverage (Full Rs 2 Lakh / Partial Rs 1 Lakh) | Death Coverage (Accidental / Normal) |
| 3 | Age Range | over 18 years | 18 years to 50 years |
| 4 | coverage period | as long as smooth | up to 50 years |
Policy Term
1 year from 1st June to 31st May
Premium
Considering that a large section of the population does not have any accident insurance cover, the Pradhan Mantri Suraksha Bima Yojana (PMSBY) aims to provide the underprivileged population with just Rs. 20 per annum to provide insurance cover at a very affordable premium.
Enrollment Mode
The account holder can enroll for PMJJBY through any of the following modes.
- visiting the branch
- going to bc
- Bob’s World via Internet (Internet Banking)
A person opting out of the scheme at any time can join the scheme in future by submitting a declaration of good health in the prescribed format.
Insurance Benefits
The details of insurance benefits are given below:
| Description | insured amount |
|---|---|
| Accidental Death and Permanent Total Disability | Rupee. 2 lakh |
| Permanent partial disability | Rupee. 1 Lac |
| ફોર્મ ડાઉનલોડ કરો | અહીં ક્લિક કરો |
| સરકારી યોજનાની નવી અપડેટ માટે | અહીં ક્લિક કરો |
| WhatsApp ગ્રુપમાં જોડાવા | અહીં ક્લિક કરો |
Pradhan Mantri Suraksha Bima Yojana: Most Important Terms and Conditions (MITC)
If the insurance cover is terminated due to any technical reasons such as insufficient balance as on due date or any other administrative reason, the same can be reinstated on receipt of full annual premium and satisfactory details of good health. During this period, the risk cover will be suspended and reintroduction of the risk cover will be at the discretion of the concerned UC / Insurance Company.
Insurance provided under this plan will be subject to initial lien of 45 days. No claim will be admissible if death occurs during the first 45 days from the date of commencement of risk. However, this rule will not apply if the cause of death is an accident. No lien will apply on subsequent renewals.
Exclusions and other details can be found in the Master Policy.
| Dedicated toll free number for customers of Pradhan Mantri Jan Dhan Yojana (PMSBY) and other financial inclusion schemes. | 18001027788 (06.00 AM to 10.00 PM IST) |
