A new Soochna Seva Kendra was inaugurated with the support of Oracle in Itki, Ranchi
Pradhan Mantri Suraksha Bima Yojana is a special yojana that provides Accidental Death and Disability cover.
Key features of the yojana are:
Before 1st of June of every month, anyone between the age group of 18 to 70 years can apply for this scheme but should have a bank account and the Aadhaar number should be linked to the bank account.
A person has to opt for the scheme every year. He can even prefer to apply for a long-term option and the premium of rupees 12 per annum will be automatically debited from the account every year by the bank. This is the only mode available. In case of accidental death and full disability amount of 2 lakhs rupees and for partial disability around 1 lakh rupees are provided as risk coverage.
The scheme will be offered by all Public Sector General Insurance Companies and all other insurers who are willing to join the scheme and tie-up with banks for this purpose. The premium paid will be tax-free under section 80C and also the proceeds amount will get tax-exemption u/s 10(10D).But if the proceeds from insurance policy exceed Rs.1 lakh, TDS at the rate of 2% from the total proceeds if no Form 15G or Form 15H is submitted to the insurer.
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