INSUBCONTINENT EXCLUSIVE:
Due date for payment of annual premium for Pradhan Mantri Suraksha Bima Yojana is nearingAll beneficiaries of Pradhan Mantri Suraksha Bima
The beneficiaries will be notified through SMS about the deduction of the premium amount.Under the scheme, in case of death due to accident
the nominee.When is the premium debited?An annual premium of Rs 12 is auto debited from the account of those who have enrolled themselves
under the insurance scheme
Banks inform beneficiaries about this through SMS, which is normally done between May 25 and May 31 every year.Auto debit of annual premium
continues unless the beneficiary gives instructions otherwise
However the auto debit option is compulsory for enrolling under the scheme.Anybody can enrol in the scheme by filling up an application form
or by logging in through net banking facility.Which agencies offer the scheme?The scheme is offered by public sector general insurance
with banks for this purpose.What is the claim process?For seeking claim, the nominee has to submit a form to the bank for which death
certificate or disability certificate is necessary
After verification, the claim amount is transferred to the beneficiary's account.
