Welcome to Uttarpara-kotrung

News Category

Offer Zone

No featured Offers in Uttarpara-kotrung. Publish your Offer Now.

What’s Hot

No featured News in Uttarpara-kotrung. Do you have anything to share?

Our Sponsors

Advertise your Brand here. Contact Us for free quote.

Pradhanmantri Suraksha Bima Yojna (PMSBY) in a nutshell

eziAssist | , Uttarpara-kotrung,  Hooghly

Pradhanmantri Suraksha Bima Yojna

Pradhanmantri Suraksha Bima Yojna :

The scheme will be a one year cover Personal Accident Insurance Scheme, renewable from year to year, offering protection against death or disability due to accident.

Benefits : 

1. Death - Rs. 2 lakh [Sum Assured]

2. 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 [Sum Assured]

3. Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot - Rs. 1 lakh [Sum Assured]

Premium : 

Payable is Rs.12/- per annum per member.

The premium will be deducted from the account holder’s savings bank account through ‘auto debit’ facility in one installment, as per the option to be given on enrolment. Members may also give one-time mandate for auto-debit every year till the scheme is in force, subject to re-calibration that may be deemed necessary on review of experience of the scheme from year to year.

All savings bank account holders in the age 18 to 70 years in participating banks will be entitled to join. In case of multiple saving bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one savings bank account only.

Participating Banks will be the Master policy holders. A simple and subscriber friendly administration & claim settlement process shall be finalized by PSGICs / chosen insurance company in consultation with the participating bank.

The accident cover of the member shall terminate / be restricted accordingly on any of the following events:

1. On attaining age 70 years (age neared birth day).

2. Closure of account with the Bank or insufficiency of balance to keep the insurance in force.

3. In case a member is covered through more than one account and premium is received by the insurance company inadvertently, insurance cover will be restricted to one account and the premium shall be liable to be forfeited.

4. On payment of premium through auto-debit. New eligible entrants in future years can also join accordingly.

5. Individuals who exit the scheme at any point may re-join the scheme in future years by paying the annual premium, subject to conditions that may be laid down.

Appropriation of Premium: 

1. ​Insurance Premium to Insurance Company: Rs.10/- per annum per member 

2. Reimbursement of Expenses to BC/Micro/Corporate/Agent : Rs.1/- per annum per member 

3. Reimbursement of Administrative expenses to participating Bank: Rs.1/- per annum per member The proposed date of commencement of the scheme will be 1st June 2015.The next Annual renewal date shall be each successive 1st of June in subsequent years. The scheme is liable to be discontinued prior to commencement of a new future renewal date if circumstances so require.

Validity:

The scheme will be valid for a period of one year effective from 1 June 2015 to 31 May 2016.

Renewal:

You have to renew the policy every year. You will have to join this scheme through savings bank account by 31 May. You also get an extension up to 31 August to join the scheme.

Share with friends

Featured Events


Featured Showcase

No featured showcase in Uttarpara-kotrung. Showcase your product here.

EMERGENCY

Uttarpara General Hospital 033-2663 1158
033-2663 7478
Ambulance-Mousumi Uttarpara 033-2664 9847
Ambulance-S.R.A Club Uttarpara 033 2664 2637
Uttarpara Police Station 033-2663 6278
033-2663 0689

View All