PM Suraksha Bima Yojana

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Quick Summary

About the Scheme

Benefits & Hidden Exceptions

• Accidental Death: ₹2 Lakh paid to the nominee.
• Total Permanent Disability: (Loss of both eyes, or both hands/feet) - ₹2 Lakh paid to the insured.
• Partial Permanent Disability: (Loss of one eye, or one hand/foot) - ₹1 Lakh paid to the insured.

1. Natural Death: If the person dies of a heart attack, cancer, or old age, PMSBY pays zero. It strictly requires an accident (road crash, snakebite, drowning, falling from a height, etc.).
2. Hospital Bills: PMSBY does not pay hospital bills if you survive an accident. It only pays the lump sum if permanent disability or death occurs.
3. Multiple Accounts: You can only claim this once. If ₹20 is deducting from both your SBI and HDFC accounts, the insurance company will only pay ₹2 Lakh, not ₹4 Lakh. Cancel one.

Exact Claim Settlement Process (Actionable Guide)

1. Inform the Bank Immediately: Go to the specific bank branch where the ₹20 was auto-debited. Tell the branch manager you need to file a PMSBY claim.
2. The 30-Day Rule: The "Claim-cum-Discharge Form" must be submitted to the bank ideally within 30 days of the accident. Do not wait months.
3. Police FIR is Mandatory: Because this is an accidental death policy, a Police FIR (or Panchnama) and a Post-Mortem report are absolutely mandatory to prove it was an accident.
4. Bank Verification: The bank verifies that the ₹20 was successfully deducted that year, stamps the form, and forwards it to the insurance company. The money is credited to the nominee's account within 30-45 days.

Documents Required for Claim

• Claim-cum-Discharge Form (Available at the bank).
• Original Death Certificate (or Disability Certificate by a Govt. Civil Surgeon).
• Police FIR / Panchnama (Mandatory).
• Post-Mortem Report.
• Aadhaar & Bank Passbook of the Nominee.

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