Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) 2023: The Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) was introduced in 2003 with the dual aims of addressing regional disparities in the provision of dependable and affordable tertiary healthcare services and enhancing the infrastructure for high-quality medical education throughout the nation.
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Criteria for Pradhan Mantri Suraksha Bima Yojana Eligibility
- The age requirement is 18 years at a minimum.
- The upper age limit stipulated is seventy years.
- Those who maintain a savings account are in good standing to purchase the policy.
- It is necessary to attach the bank account to the Aadhaar card.
- Individuals who possess multiple savings accounts are restricted to enrolling in the scheme via a solitary bank account.
PMSSY Advantages
1) The coverage for accidental mortality insurance is annually renewable.
2) A coverage of up to 2 lakh is payable to the nominee of the subscriber in the event of his or her demise or entire disability resulting from an accident.
3) The subscriber is permitted to either opt for the long-term option or renew the scheme annually.
4) The subscriber is free to re-enroll at any time in the future and may withdraw from the program at any moment.
5) Additionally, the premium paid may be deductible under Section 80C for the subscriber. The amount insured, up to Rs. 1 lakh, is exempt from taxation under Section 10 (10D).
List of participating institutions (PMSBY)
- Axis Bank
- Bank of India
- Bank of Maharashtra
- Bharatiya Mahila Bank
- Canara Bank
- Central Bank
- Federal Bank
- HDFC Bank
- ICICI Bank
- IDBI Bank
- IndusInd Bank
- Kerala Gramin Bank
- Kotak Bank
- Punjab and Sind Bank
- Punjab National Bank
- South Indian Bank
- State Bank of India
- UCO Bank
- Union Bank of India
- United Bank of India
The procedure for enrolling in the Pradhan Mantri Suraksha Bima Yojana
- The PMSBY form is also available for download from the Jan Suraksha website of the administration.
- The initiation of the registration procedure can be accomplished via the Internet banking facility of the respective bank.
- By sending an SMS to the induction organization’s toll-free number, the procedure can also start.
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