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When can a subscriber file a claim under this scheme?

Asked on 31-12-2018 by Aadhya Bhatnagar

Answered by NewsBytes

A policyholder/subscriber can file a claim only in case of complete or partial disability because of an accident. In case of accidental death, the subscriber's nominee or appointee can file the claim; if the policyholder hasn't nominated anyone, the legal heir(s) is eligible. Death claims are remitted to nominee/legal heir's bank account. Disability claims are remitted to the policyholder's bank account.

Can a subscriber who leaves the scheme rejoin?

Asked on 31-12-2018 by Trishla Gupta

Answered by NewsBytes

Yes, individuals can rejoin the scheme at any time. PMSBY allows subscribers to exit the scheme any time and re-join in the future at any point by paying the annual premium. However, individuals, whose policy is terminated, cannot sign up again.

What happens if a person has two PMSBY accounts?

Asked on 31-12-2018 by Ananya Nair

Answered by NewsBytes

In case a member is covered through more than one bank account and premium is received by the insurance company inadvertently, the accident cover of the member will be restricted to only one account and the premium will be liable to be forfeited.

Can other insurance policy holders join PMSBY scheme?

Asked on 31-12-2018 by Saanvi Jayaraman

Answered by NewsBytes

Yes, the Pradhan Mantri Suraksha Bima Yojana assurance cover will be in addition to the cover under any other insurance scheme the subscriber is covered under.

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