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How to Apply online for Pradhan Mantri Suraksha Bima Yojana with SBI

Pradhan Mantri Suraksha Bima Yojana

Pradhan Mantri Suraksha Bima Yojana is available to people between 18 and 70 years of age with bank accounts. It has an annual premium of ₹12 (19¢ US) exclusive of taxes. The Service tax is exempted on Pradhan Mantri Suraksha Bima Yojana. The amount will be automatically debited from the account. The accident insurance scheme will have one year cover from June 1 to May 31 and would be offered through banks and administered through public sector general insurance companies.

In case of accidental death or full disability, the payment to the nominee will be ₹2 lakh (US$3,100) and in case of partial Permanent disability ₹1 lakh (US$1,600). Full disability has been defined as loss of use in both eyes, hands or feet. Partial Permanent disability has been defined as loss of use in one eye, hand or foot.

This scheme will be linked to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana scheme. Most of these accounts had zero balance initially. The government aims to reduce the number of such zero balance accounts by using this and related schemes. Now all Bank account holders can avail this facility through their net-banking service facility at any time of the year.


This tutorial teaches you, how to Apply online for Pradhan Mantri Suraksha Bima Yojana (PMSBY) with SBI Internet Banking Facility at OnlineSbi.com website.

Pradhan Mantri Suraksha Bima Yojana is a social security scheme launched by Government of India. This is an accidental Death and Disability insurance scheme available to anyone between the age of 18 years to 70 years with a savings bank account, at a nominal premium of ₹12 per annum. Now you can apply online for this scheme through our Internet Banking. Watch this tutorial video to know how.

For more information visit: http://bit.ly/SBI-PMSBY

Procedure:

  1. Login to OnlineSBI.com

 

Thanks for reading this article, hope you found it useful, if you have any doubts or questions, you may ask us in the comments below.

 

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