What are the benefits of Pradhan Mantri Suraksha Bima Yojana ?

Following are the benefits of Pradhan Mantri Suraksha Bima Yojana.

Benefits of Pradhan Mantri Suraksha Bima Yojana are provided below.

• Risk coverage of Rs. 2 Lakhs for accidental death and permanent total disability.
• Risk coverage of Rs. 1 Lakh for permanent parital disability.
• To assure a hassle free claim settlement experience for the claimants a simple and subscriber friendly administration & claim settlement process has been put in place.
• This scheme is focused on achieving penetration of insurance down to the weaker sections of the society, ensuring them and their family's financial security.
• Claim settlement will be made to the bank account of the insured or his nominee in case of death of the account holder.
• An IT enabled, web based system is in the process of being established to keep the claimants informed seamlessly about the progress and status of the claim, till it’s settlement.