Pravasi Bharatiya Bima Yojana (PBBY) insurance scheme

Tuesday, January 24, 2023 2:29 am

The Pravasi Bharatiya Bima Yojana (PBBY) insurance scheme is available to all Indians Citizens between the age group of 18-60 years whilst stay abroad having valid visa for the purpose of employment only, for the period of cover as stated in the schedule to the policy. COVERAGE : Accidental death or permanent total disablement during currency of the policy – Capital Sum Insured Rs.10.00 lakhs.

The Pravasi Bharatiya Bima Yojana is a mandatory insurance scheme aimed at safeguarding the interests of Indian emigrant workers falling under Emigration Check Required (ECR) category going for overseas employment to ECR countries. The Scheme, initially launched in 2003, has been amended in 2006, 2008 and 2017 with the overarching objective of strengthening the coverage of emigrant workers.

  • The Insured person shall be covered for a sum of Rs.10.00 lakhs in the event of accidental death or permanent disability leading to loss of employment while in employment abroad, irrespective of change of employer/location of insured person.
  • Certification of accidental death or permanent disability by Indian Missions and Posts abroad shall be accepted by the insurance companies.
  • Medical insurance cover including injuries / sickness / ailment / diseases available upto Rs.1,00,000/- (up to Rs. 50,000 per hospitalization).
  • Repatriation cover for medically unfit/premature termination of employment: Actual one-way economy class air fare to the nearest international airport in India.
  • Family Hospitalization in India available upto Rs. 50,000/- for Spouse and first two children upto 21 years of age.
  • Maternity expenses benefit to women emigrants available upto Rs. 50,000/-.
  • Reimbursement of return economy class air fare to the nearest international airport to one attendant in case of emigrant’s accidental death or permanent disability.
  • Legal expenses on litigation related to emigrant’s overseas employment admissible upto Rs. 45,000/-.
  • Provision for on-line renewal of PBBY policy.

പ്രവാസികൾക്കും അവരുമായി ബന്ധപ്പെടുന്നവർക്കും ഉപകാരപ്രദമായേക്കാവുന്ന വാർത്തകളാണ് ഗർഷോം ഓൺലൈനിലൂടെ പ്രസിദ്ധീകരിക്കുന്നത്. വാർത്തകളുമായി ബന്ധമില്ലാത്ത കമെന്റുകൾ ഇവിടെ ഉൾപ്പെടുത്തുവാൻ കഴിയില്ല. വായനക്കാർ ദയവായി സഹകരിക്കുക.

Leave a Comment

Your email address will not be published. Required fields are marked *