PMSBY or Pradhan Mantri Suraksha Bima Yojana is a national insurance policy offered by the Government of India to provide life coverage to the citizens of India. It is a low-cost policy that provides life coverage of up to Rs. 2 Lakhs in case of accidental death or permanent disability due to an accident. Apart from this, the policy also provides a lump sum amount of Rs. 1 Lakh in case of partial or total disability. The policy is available to all Indian citizens between the ages of 18 and 70.
The PMSBY National Insurance Policy is easy to avail and can be purchased from any participating bank or insurance provider in India. The policy is available for a period of one year and can be renewed annually. The premium for the policy is quite affordable and starts from as low as Rs. 12 per annum. The policy also provides additional benefits to the policyholder such as tax benefits, waiver of premium in case of death or disability and a cover for family members.
How to Download PMSBY National Insurance Policy?
The PMSBY National Insurance Policy can be downloaded easily from the official website of the Insurance Regulatory and Development Authority of India (IRDAI). The website allows the customers to compare different policies and choose the one that best suits their needs. The process of downloading the policy is quite simple and can be done in a few steps. The customer first needs to fill in the application form available on the website and then submit the form along with the necessary documents. Once the form is submitted, the customer will receive a confirmation email and the policy will be sent to them through email.
Benefits of PMSBY National Insurance Policy
The PMSBY National Insurance Policy provides a range of benefits to the policyholder. Some of these benefits include:
- Life coverage of up to Rs. 2 Lakhs in case of accidental death or permanent disability due to an accident.
- A lump sum amount of Rs. 1 Lakh in case of partial or total disability.
- Tax benefits on the premium paid.
- Waiver of premium in case of death or disability.
- Cover for family members.
Eligibility Criteria for PMSBY National Insurance Policy
The PMSBY National Insurance Policy is open to all Indian citizens between the ages of 18 and 70. The policy can be purchased from any participating bank or insurance provider in India. The policyholder must not have any existing insurance policy and must submit the necessary documents such as identity proof, address proof and age proof to avail the policy.
How to Renew PMSBY National Insurance Policy?
The PMSBY National Insurance Policy can be renewed easily by contacting the insurer or the bank from which the policy was purchased. The policyholder can also renew the policy online by visiting the website of the insurer or bank. The policyholder needs to fill out the renewal form and submit it along with the necessary documents and premium payment to complete the renewal process.
Conclusion
The PMSBY National Insurance Policy is an excellent option for those looking for a low-cost life insurance policy with a range of benefits. The policy is easy to avail and can be purchased from any participating bank or insurer in India. The policy also provides tax benefits, waiver of premium in case of death or disability and a cover for family members. The policy can be renewed easily online or through the insurer or bank from which the policy was purchased.
