Jan Suraksha Bima Yojna & Mahila Suraksha Bima Yojna

A policy designed to protect economically weaker sections of the society

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Benefits of Buying Jan Suraksha Bima Yojna & Mahila Suraksha Bima Yojna

Jan Suraksha Bima Yojna & Mahila Suraksha Bima Yojna have been drafted primarily for the economically weaker sections of the society.

The policy is for the economically weaker sections of society.

Permissible maximum sum insured limit is ₹1,00,000/- only.

Coverage against Rail, road, air accident.

Coverage against injury due to any collision/fall.

Coverage against Snakebite, frostbite.

Coverage against Burn injury, drowning, poisoning, etc.

The age limit for the policy is 5 to 70 years.

What it covers?
Exclusions

What it covers?

Accidents, whether manmade or natural, are an inevitable part of our lives. The Jan Suraksha Bima Policy/ Mahila Suraksha Bima Yojna has been drafted primarily for the economically weaker sections of the society as the permissible maximum sum insured is Rs. 1,00,000/- only.

Summary Of Benefits Contingency	Amount of Compensation
Death	100% Capital Sum Insured
Loss of two limbs two eyes, or one limb and one eye	100% Capital Sum Insured
Loss of one limb or one eye.	50% Capital Sum Insured
Permanent Total Disablement from injuries other than those named above (PTD).	100% Capital Sum Insured

During the existence of this Policy, if the insured suffers from bodily injuries caused by any external accidental means, then the Company shall be liable to pay the insured or his/her legal representative.

Exclusions

Insanity attempted suicide or suicide.
No cover if the insured had been under the influence of narcotics or liquor.
Death or disability is occurring during pregnancy or childbirth.
Any criminal breach of law by the insured or engagement in dangerous sports, as listed in the Policy.
Exposure to war and/or nuclear perils.
Contraction of any illnesses associated with HIV/AIDS.

FAQs

How is premium rate decided?

A non-tariff class of business, the standard premium shall be charged @Rs. 0.60% of the group sum insured, provision for Group Discount available too.

What is the age limit?

Standard age limit is 5 to 70 years.
Renewal beyond 70 years is possible only up to 80 years.
Fresh or renewal cover shall not be accepted beyond 80 years.

How is sum insured decided?

Fixation of Capital Sum Insured is done by seeing the insured’s profitable premium paying capacity. Limits include, each person’s minimum sum insured is Rs 10,000 yearly and the maximum insured amount, Rs.1,00,000, cannot be exceeded.

Policy Cancellation Details:

We may cancel this Policy by sending 15 days’ notice in writing by Regd. A.D. to You at Your last known address. You will then be entitled to a pro rata refund of premium for the unexpired period of this Policy from the date of cancellation, which We are liable to repay on demand. You may cancel this Policy by sending a written Notice to Us. We will then arrange a refund after retaining the premium based on the following Short Period scale.

Cancellation Period	Refund
Within One Week of inception of cover	25% of premium
Beyond One Week of inception of cover but within 15 days of inception of cover.	12.5% of Premium
Beyond 15 days of inception of cover	NIL

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