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Wednesday 22 November 2017 09:10:18 AM
Wednesday 22 November 2017 10:40:18 AM

PravasiBharatiyaBima Yojana-2017 (PBBY-2017)

The PravasiBharatiyaBimaYojana- 2017 (PBBY-2017), a mandatory insurance scheme, aimed at welfare of Indian emigrant workers who need Emigration clearance for overseas employment has been revamped. It provides an insurance cover of Rs. 10 lakhs in case of death or permanent disability and a few other benefits at a nominal insurance premium of Rs. 275 and Rs. 375 for a period of two and three years, respectively.

2. The salient provisions of the scheme are as follows:-
>> Maximum sum insured under the scheme is 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/diseases enhanced to Rs. 1,00,000/- (uptoRs. 50,000 per hospitalization)
>> Repatriation cover for medically unfit/premature termination of employment, actual one-way economy class airfare to the nearest international airport in India.
>> Family hospitalization in India enhanced to Rs. 50,000/-
>> Maternity benefit to women emigrants enhanced to Rs. 35,000/-
>> Return economy class air-fare to the nearest international airport attendant in case of emigrant’s accidental death or permanent disability
>> Legal expenses on Litigation related to emigrant’s overseas employment enhanced to Rs. 45,000/-
>> Provision for on-line renewal of PBBY policy