Lok Sabha Question No. 3129 (UNSTARRED), answered on 2018-01-05
Subject: Accidental Insurance Coverage
Ministry: FINANCE
Asked by: HEENA VIJAYKUMAR GAVIT, VIJAYSINH MOHITE PATIL, SUPRIYA SADANAND SULE, DHANANJAY BHIMRAO MAHADIK, RAJEEV SHANKARRAO SATAV

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO. 3129

TO BE ANSWERED ON 5 th  January, 2018/ Pausha 15, 1939 (Saka)

## Accidental Insurance Coverage

## QUESTION

DR. HEENA VIJAYKUMAR GAVIT:

SHRI  MOHITE PATIL VIJAYSINH SHANKARRAO:

SHRIMATI SUPRIYA SULE:

SHRI DHANANJAY MAHADIK:

SHRI SATAV RAJEEV:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Government has undertaken scheme to promote accidental insurance coverage and if so, the details and the objective thereof;
- (b) the challenges faced by the Government in the implementation of the scheme;
- (c) the steps taken by the Government  to overcome  the difficulties in the implementation of the scheme;
- (d) whether there is any improvement in the related indices after the implementation of  the  scheme, if  so,  the  details  of  distribution  of  the  related  indices,  State/UT-wise; and
- (e)whether the Government is undertaking any other policies for promoting accidental insurance coverage and if so, the details thereof?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SHIV PRATAP SHUKLA)

- (a) 'Pradhan Mantri Suraksha Bima Yojana (PMSBY) was launched on 9 th  May, 2015 by  the  Government  to  provide  accidental  insurance  cover. PMSBY  provides accidental death/disability insurance cover of Rs. 2 Lakhs for an annual premium of Rs.12/-. Any person within the age group of 18-70 years having a bank account can  enroll  for  PMSBY.  The  scheme  is  offered/  administered  through  Insurance Companies  both  public  sector  and  private  in  tie-up  with  scheduled  commercial banks / Regional Rural Banks / Cooperative Banks concerned.
- (b) & (c) One of the challenges faced is lack of insurance awareness and providing the low cost PMSBY Insurance cover to common men, especially poor and the underprivileged  sections  of  the  society.  The  Government  and  Public  Sector  General Insurance Companies organized massive promotion campaign to create awareness  amongst  the  greater  section  of  population.  Several  steps  have  been taken in this regard such as creation of an exclusive website

www.jansuraksha.gov.in , which hosts all relevant material / information including forms, rules etc. related to this scheme in english, hindi and regional languages. Further, banks and insurance companies have also organized camps and outreach efforts  to  facilitate  access  to  the  scheme.  Banners  displaying  features  of  the scheme were also installed at all banks and insurance company branches.

A wide Media based publicity campaign through Local/National Newspapers and advertisements on Television/Radio/ Internet was used to create awareness about the various aspects of the schemes.

- (d) & (e) There is an improvement in the number of enrolments (auto-debit) under the Scheme  from  8.85  crore  in  the  year  2015-16  to  12.75  crore  till  15 th   December 2017. The details of State-wise enrolments (auto-debit) under the Scheme as on 15 th   December  2017  are  attached  as  Annexure.  All  the  accidental  insurance policies  being  offered  by  different  Central  Government  Departments  have  been converged to PMSBY w.e.f. 1 st  June 2017.

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