CHANDIGARH: Haryana government has decided to provide accidental insurance cover to all residents of the state in the age group of 18 to 70 years under the ‘Pradhan Mantri Suraksha Bima Yojana’ (PMSBY) scheme. The premium would be reimbursed by the state government. Residents need to have Aadhaar linked saving bank accounts to avail this scheme.
A decision to this effect was taken at the state cabinet meeting here on Tuesday. The sum insured would be Rs 2 lakh each in case of accidental death, and in case of irrecoverable loss of both eyes or vision in one eye, or loss of both limbs or their use due to accident.
Similarly, it would be Rs 1 lakh in case of total and irrecoverable loss of sight of one eye and loss of use of one hand or foot due to accident. The scheme would have one year validity (June 1 to May 31), renewable from year to year. It would be offered through banks and administered through public sector general insurance companies and other general insurance companies.
The premium of Rs 12 per annum will be deducted from the account holder’s savings bank account through auto-debit facility in one installment on or before June 1 of each annual coverage period under the scheme, which, in turn, will be reimbursed by the state by direct credit to the beneficiary account on receipt of information from bank.
The accident cover for the member would terminate on attaining the age of 70 years or closure of the account with the bank or insufficiency of balance at the time of renewal to keep the insurance in force.
Similarly, if the insurance cover is ceased due to any technical reasons, the risk cover will be suspended and reinstatement of risk cover will be done at the sole discretion of insurance company. Participatory banks will deduct the premium amount in the same month when the auto-debit option is given, preferably in May of every year, and remit the amount due to the insurance company in the month itself. With the implementation of PMSBY, the existing Rajiv Gandhi Parivar Bima Yojana will cease from March 31, 2017.