PNB PMSBY: A Guide to the New Premium Amount of Rs. 20
PNB PMSBY (Pradhan Mantri Suraksha Bima Yojana) is a government-backed accident insurance scheme that provides financial protection to policyholders and their families in the event of an accident. The scheme is available to all Indian citizens between the ages of 18 and 70 and can be purchased through banks or insurance companies. Punjab National Bank (PNB) is one of the banks that offer PMSBY to its customers.
Recently, the premium amount for PNB PMSBY has been revised to Rs. 20 per annum. In this blog, we will explain what PNB PMSBY is, how it works, and how you can purchase the scheme with the new premium amount of Rs. 20.
What is PNB PMSBY?
PNB PMSBY is an accident insurance scheme that provides financial protection to policyholders and their families in case of accidental death or disability. The scheme is available to all Indian citizens between the ages of 18 and 70 and can be purchased for a nominal premium amount.
Under the scheme, policyholders are entitled to a sum assured of Rs. 2 lakh in case of accidental death or full disability, and Rs. 1 lakh in case of partial disability. The premium for the scheme is paid annually and can be renewed every year.
How does PNB PMSBY work?
PNB PMSBY works like any other insurance scheme. Policyholders pay a premium amount to the insurer and in return, the insurer provides financial protection in case of an accident. If the policyholder dies or becomes disabled due to an accident, the sum assured is paid to the nominee or the policyholder, as applicable.
The premium for PNB PMSBY is paid annually and can be renewed every year. The premium amount for PNB PMSBY was previously Rs. 12 per annum, but it has been revised to Rs. 20 per annum.
How can you purchase PNB PMSBY with the new premium amount of Rs. 20?
If you are a PNB customer and want to purchase PMSBY with the new premium amount of Rs. 20, you can follow these steps:
Step 1: Visit the PNB website or your nearest PNB branch
You can visit the PNB website or your nearest PNB branch to purchase PMSBY with the new premium amount of Rs. 20.
Step 2: Fill out the application form
Fill out the application form for PMSBY and provide the necessary details.
Step 3: Pay the premium amount
Pay the premium amount of Rs. 20 for PMSBY. You can pay the premium amount through cash, cheque, or online payment.
Step 4: Receive the policy document
Once the premium amount is paid, you will receive the policy document for PMSBY.
In conclusion, PNB PMSBY is a government-backed accident insurance scheme that provides financial protection to policyholders and their families in case of an accident. The premium amount for the scheme has been revised to Rs. 20 per annum, making it even more affordable for customers. If you are a PNB customer, you can purchase PMSBY with the new premium amount by visiting the PNB website or your nearest PNB branch.