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.

Any State Bank of India Account Holder who is having Internet Banking Activated can login into his or her account and register Online for Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Social Security Schemes launched by Narendra Modi without going to branch to submit the forms of Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Social Security Schemes.

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

Below we have mentioned steps on How to Register Online for Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in SBI.

Procedure:

  • Login into your SBI Internet Banking by visiting Online SBI.
  • Once you have logged in into your Internet Banking Account in Online SBI Portal, to register for Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) click Social Security Schemes under my Accounts tab.
  • In the next screen select the Scheme from the list select your account number and click on submit button.
  • In the next window a form will appear to apply for the scheme, just enter all the details which is asked in the form and click on submit button. And follow on the on screen process to register for Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
  • That’s it! It’s very simple now to get yourself enrolled or registered Online for Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in State Bank of India.

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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