Rajgarh Woman Receives Rs 2 Lakh from Pradhan Mantri Suraksha Bima Yojana
Click to start listening
Synopsis
Soram Bai from Rajgarh received Rs 2 lakh under the Pradhan Mantri Suraksha Bima Yojana after her husband's death. This government scheme offers financial security for accidents, highlighting its significance for families in distress.
Key Takeaways
- PMSBY offers financial support in accidents.
- Annual premium is only Rs 20.
- Benefits include Rs 1 lakh for partial disability.
- Rs 2 lakh is paid for accidental death.
- Scheme covers ages 18-70 with a valid bank account.
Rajgarh (Madhya Pradesh), March 18 (NationPress) The Pradhan Mantri Suraksha Bima Yojana (PMSBY), a government program designed to offer financial security to individuals in case of accidents with a minimal annual premium of just Rs 20, has proven to be a significant support for this woman in Madhya Pradesh's Rajgarh.
In the unfortunate occurrence of partial disability due to an accident, the scheme provides Rs 1 lakh directly to the individual’s account. In the sad event of death resulting from a road accident or any other unfortunate situation, the family or heirs of the deceased can receive financial assistance of Rs 2 lakh.
One of the beneficiaries of this initiative is Soram Bai, a resident of Bhatkya village in the Malakhedi Gram Panchayat of Rajgarh district. After the untimely passing of her husband, Sarjan Singh, Soram Bai was granted Rs 2 lakh in compensation under the Pradhan Mantri Suraksha Bima Yojana. This amount was directly disbursed to her by the local branch of Indian Bank.
Vikas Yadav, the branch manager of Indian Bank in Rajgarh, mentioned that the payment of Rs 2 lakh to Soram Bai was extended as part of the PMSBY scheme, which is designed to aid families impacted by unforeseen incidents. On this occasion, both Yadav and Assistant Branch Manager Kirti Pant were present to support Soram Bai with the process.
Introduced in 2015 by Prime Minister Narendra Modi, the Pradhan Mantri Suraksha Bima Yojana has emerged as a fundamental aspect of the government’s initiatives to ensure financial safety for the populace. The scheme was officially inaugurated on May 8, 2015, in Kolkata. It encompasses all Indian residents and NRIs between the ages of 18 and 70, provided they possess a valid bank account.
The scheme requires a mere annual premium of Rs 20, which is automatically deducted from the policyholder's account. It offers a one-year coverage period, spanning from June 1 to May 31. The policy is managed through public sector insurance companies, making it widely accessible.
In cases of death or full disability, the nominee is entitled to Rs 2 lakh. Full disability is characterized as the complete loss of use of both eyes, hands, or feet. Partial permanent disability, such as the loss of one eye, hand, or foot, qualifies for a payout of Rs 1 lakh. Claims are not accepted for deaths caused by suicide, alcohol, or drug abuse. Moreover, individuals must be enrolled in the scheme for a minimum of 45 days before they can file a claim.
