Update: Benefit of Rs 2 lakh from Pradhan Mantri Suraksha Bima Yojana

Pradhan Mantri Suraksha Bima Yojana One of the various programs the central government has launched to help the nation's citizens become more economically and socially resilient is the PM Suraksha Bima Yojana. The insurance coverage provided to beneficiaries under this scheme ranges from Rs 2 to Rs 2 lakh. For Indian citizens, particularly those with limited financial resources, this program is crucial. In order to receive benefits from this insurance plan, the requirements must be met. Their personal safety as well as the safety of their family will be guaranteed by doing this. Read through to the end of this article to learn more about who is eligible for benefits under this insurance plan and how to apply.

PM Suraksha Bima Yojana 2025

The PM Suraksha Bima Yojana was introduced by Prime Minister Narendra Modi on May 8, 2015. This program is highly helpful for regular people because it requires a very small payment to become a beneficiary. This plan is similar to an accident insurance plan in that the insurance amount may be requested in the event that an accident results in death or serious injury. Under the PM Suraksha Bima Yojana, beneficiaries can invest in life insurance by receiving an insurance payout of Rs 2 lakh in the event of a disability or partial disability. In order to benefit from this plan, you need to have an active bank account where a set sum is taken out annually at a predetermined time as a premium. Following payment of this premium, the insurance will be in effect for a year, after which it must be renewed annually. 

PM Suraksha Bima Yojana Objective

The primary goal of the PM Suraksha Bima Yojana, which was started by the federal government, is to give low-income individuals access to health insurance coverage. The cause of this is that impoverished families cannot afford to get themselves treated, which leads to their death in the event of an accident. With all of these economic difficulties in mind, the central government has established an insurance coverage of between Rs 1 lakh and Rs 2 lakh under this scheme. in order for a person to benefit from an insurance policy worth Rs 2 lakh for just Rs 2 a month.

Important Points

• The PM Suraksha Bima Yojana is a cost-effective insurance program designed to ensure that no family is left without insurance.
• A yearly premium of at least Rs 20 must be paid by the beneficiary in order to receive the advantages of this scheme.
• The beneficiary's bank account is emptied of this sum prior to June 1. If on June 1st the beneficiary's bank account does not have the auto debit option, he will need to visit his bank before he may receive the benefits of this program.
• The family receives the insurance payout upon the insured's passing under the PM Suraksha Bima Yojana. In addition, the recipient can readily receive treatment in the event that he is hurt. 

PM Security Insurance Scheme Amounts

Details of the sum paid to the insured under the PM Suraksha Bima Yojana are as follows:

Benefits of PM Suraksha Bima Yojana

• Under the Pradhan Mantri Suraksha Bima Yojana, the policyholder would receive a Rs 2 lakh accident life insurance policy. Additionally, in the event of a partial loss, an insurance benefit of Rs 1 lakh will be provided.
• To obtain this insurance, the applicant must pay a premium of just Rs 20 per year, or Rs 2 per month.
• The beneficiary of the PM Suraksha Bima Yojana won't have to worry about paying the premium. because the beneficiary's bank account will be used to withdraw the funds.
• Insurance coverage is offered under the Pradhan Mantri Suraksha Bima Yojana from June 1 to May 31.
• The plan's benefits could be reinstated if the yearly premium is not paid.
• Under this policy, 29 crore people have received insurance thus far.
• The Central Government's least expensive insurance program is the Pradhan Mantri Suraksha Bima Yojana.
• This program will provide health insurance to the nation's impoverished households, enabling them to become self-sufficient.

PM Suraksha Bima Yojana Eligibility

• The candidate must be an Indian citizen in order to receive the benefits of the program.
• This program will aid the nation's impoverished and backward families.
• The candidate must be between the ages of 18 and 70.
• This insurance policy will help people from all socioeconomic backgrounds.
• The Pradhan Mantri Suraksha Bima Yojana requires the applicant to have a bank account. Additionally, the bank account must have auto debit.

PM Suraksha Bima Yojana Documents

In order to apply for PM Suraksha Bima Yojana, the applicant must have the following paperwork:

• Aadhar card
• Ration Card
• Driving License
• Voter ID
• Income Certificate
• Bank Account
• Age Certificate
• Mobile Number
• Passport-size photo

PM Suraksha Bima Yojana Registration

Both online and offline applications are accepted for the Pradhan Mantri Suraksha BIMY. The following steps will make it simple for you to apply online.

• Go to the official Public Safety website first.
• You will then be presented with the home page of the website.
• On the home page, you must choose the form choice.
• You will get three alternatives as soon as you click.
• It's Pradhan Mantri. Jeevan Pradhan Mantri Suraksha and the Jyoti Bima Yojana Atal Pension Yojana and Bima Yojana.

• PM Suraksha Bima Yojana must be clicked.
• Clicking will cause the application form to open in front of you.
• The application form must now be downloaded after choosing your language.
• The next step is to print the application form and fill it out with the necessary details (such as your name, address, phone number, email address, and Aadhaar number).
• The necessary documents must be attached to the application form once all the information has been entered.
• This application form must now be sent to the bank where your account is located.
• You can apply to be a part of the PM Suraksha Bima Yojana in this method.

Conclusion

India's people have a secure financial security option thanks to the PM Suraksha Bima Yojana. For those who require insurance coverage and are financially vulnerable, this program is extremely crucial. Their family's safety will be guaranteed, and they will receive assistance in safeguarding their future. Because the insurance price under this plan is also relatively modest, it is quite beneficial to regular people. PM Suraksha Bima Yojana is therefore a significant move for Indian society, one that will advance their economic stability and independence.