PMSBY | Pradhan Mantri Suraksha Bima Yojana

BOI

Scheme Type

One year Accidental Insurance Scheme, renewable from year to year (1st June to 31st May) through auto debit facility, offering accidental cover on a subscriber’s death or disability due to accident.

Bank’s Insurance Partner

M/S New India Assurance Co.Ltd

Insurance Cover: Rs. 2 lakhs are payable on a subscriber’s death or disability due to accident. In case of partial disability Rs. 1 lakh.
Premium: Rs. 20 per annum per subscriber
Tenure of Policy: 1year, renewal every year
Coverage Period: 1st June to 31st May(1 Year)

SMS through Registered Mobile Number

For PMSBY, send SMS PMSBY< Space >15 digit Bank Account to 9711848011

BOI

Savings bank account holders in the age 18 to 70 years in participating banks will be entitled to join.

BOI

Facilities for Fresh Enrollment under PMJJBY & PMSBY is also made available to our customers through

Sr. No.	Facilities for Enrollment under PMJJBY & PMSBY scheme	Procedure
1	Branch	By submission of enrollment forms at branch and ensuring sufficient balance in account. (forms available under Download form section)
2	BC Point	BC can do the enrollment of customers in kiosk portal.
3	BOI Mobile app	Under “Govt Micro Insurance Scheme” tab

Enrolment facility through Branch & BC Channel
Enrolment facility through sending SMS through registered mobile number on Mobile No. 9711848011 in the following format
PMSBY < Space > 15 digit Bank Account
Enrolment facility through Internet Banking (Tab Insurance-Prime Minister Bima Yojana).
Enrolment facility through BOI Mobile App (Tab Govt Micro Insurance Scheme).
Lesser premium (Rs 19/-) for voluntary enrolment through electronic mode (Mobile Banking/Internet Banking/SMS)

SMS through Registered Mobile Number

For PMSBY, send SMS PMSBY< Space >15 digit Bank Account to 9711848011

BOI

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.
Aadhaar would be the primary KYC for the bank account. However, it is not mandatory for enrolment in the scheme.
Coverage under this scheme is in addition to cover under any other insurance scheme, the subscriber may be covered.