Saturday, July 11, 2015

FAQs on PRADHAN MANTRI SURAKSHA BIMA YOJANA (PMSBY)


Q1. What is the nature of the scheme?
The scheme is a one year cover Personal Accident Insurance Scheme, renewable from year to year, offering protection against death or disability due to accident.

Q2. What would be the benefits under the scheme and premium payable?
The benefits are as follows: Table of Benefits
Sum Insured
a.
Death
Rs. 2 Lakh
b.
Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot
Rs. 2 Lakh
c.
Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot
Rs. 1 Lakh


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