Pravasi Bharatiya Bima Yojana

 

Pravasi Bharatiya Bima Yojana

Pravasi Bharatiya Bima Yojana is an insurance scheme for the Indian citizens who are residing in foreign land due to employment purposes. This is a noble scheme which is specially designed for the Indian citizens who wants to ensure the safety and security of their family members while they are on employment duty outside the country. This revolutionary scheme allows an individual to work peacefully and live peacefully in abroad. This insurance scheme is provided by a famous insurance company named New India Assurance Mediclaim. This is a very innovative idea launched by the company.

Pravasi Bharatiya Bima Yojana

Aim of Pravasi Bharatiya Bima Yojana

A lot of Indians are living outside the country due to work, study or other purposes. It is really very hard for an individual to live outside the country leaving their family, relatives and friends behind. An individual is always worried about the safety & security of their family members even though they are not in the country.

Pravasi Bharatiya Bima Yojana aims to be the reliable insurance source for the Indian citizens who are planning to go abroad or are living in foreign countries. This insurance policy offered by New India Assurance Mediclaim aims to provide health care facilities and safety and security to the family members of the insured.

Key Features of Pravasi Bharatiya Bima Yojana

  • There is a limitation in terms of age if anybody opts for Pravasi Bharatiya Bima Yojana. The minimum age to avail the facilities of this scheme is 18. An individual will be able to avail the facilities of the scheme till they are 60.
  • An insured and the family members of the insured will get an amount of Rs 2 lakhs in case the insured is dead or they have suffered a tragic accident.
  • In case an insured has suffered ailment or sudden death or their work contract gets terminated, Pravasi Bharatiya Bima Yojana policy will cover their return expenses from foreign country to India and the insured will also be provided economy class fare.
  • Day care treatment is covered under Pravasi Bharatiya Bima Yojana. Treatments like eye surgery, Radio & Chemo Therapy and other treatments where hospitalization isn’t needed are covered under Pravasi Bharatiya Bima Yojana.

Benefits of Pravasi Bharatiya Bima Yojana

  • Pravasi Bharatiya Bima Yojana will take care of the health care facilities and safety & security of the family members of the insured when they are not close to their family members.
  • Pravasi Bharatiya Bima Yojana covers for all the hospitalization and treatment cost of the insured if they face any ailments while staying abroad. But Pravasi Bharatiya Bima Yojana will only provide a sum of Rs. 50, 000 in this case.
  • Pravasi Bharatiya Bima Yojana also covers for the hospitalization expenses of up to Rs. 10, 000 of the family members of the insured. Family members of an insured are 2 dependable kids and the spouse of the insured.
  • Pravasi Bharatiya Bima Yojana also provides maternity benefits to the spouse of the insured. The spouse of the insured will be provided an amount of Rs. 20, 000 after the delivery of her baby as maternity benefit.

Review

Actually Pravasi Bharatiya Bima Yojana is very important for the Indian citizens living in abroad as it provides health care and other facilities to their family members which allows them to work peacefully. Also, it is really important to the family members of the insured also because it provides health care facilitates for the insured too which decreases the worries of the family members about the health condition of the insured. 

Summary of Pravasi Bharatiya Bima Yojana 

Scheme Name Pravasi Bharatiya Bima Yojana

 

Scheme Type Insurance Scheme
Provided By New India Assurance Mediclaim
Age Limit 18-60
Special Feature Maternity Benefit
Amount of Maternity Benefit Up to Rs. 20, 000
Hospitalization Expenses Up to Rs. 10, 000 for the family members of the insured

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