PM’s Social Security Schemes

South Indian Bank offers government-sponsored insurance schemes designed to provide financial security and protection to individuals from all walks of life. These schemes, launched under the Prime Minister’s Social Security Initiatives, ensure affordable coverage , helping customers secure their future with minimal premiums.

Available Schemes:

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

A low-cost accident insurance scheme offering financial protection against accidental death and disability.Get Rs.2 Lakh Accident Insurance coverage for an annual premium of Rs.20/-.

Eligibility:	All SIB account holders of age group 18–70 years
Benefits:	Coverage till 70 years Auto-Debit facility from SB account Coverage for Death & Permanent Disability due to Accident
Forms:	PMSBY Claim cum discharge form PMSBY Consent cum declaration form PMSBY useful information Revised rules PMSBY

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

A life insurance scheme providing coverage in case of death due to any reason. Get Rs.2 Lakh Life Insurance coverage for an annual premium of Rs.436/-

Eligibility:	All SIB account holders of age group 18–50 years
Benefits:	Coverage till 55 years Auto-Debit facility from SB account No Medical Checkup required
Forms:	PMJJBY Claim Cum discharge form PMJJBY Consent cum declaration form PMJJBY useful info Revised rules PMJJBY