Pravasi Bharatiya Bima Yojana (PBBY): insurance scheme for Indian emigrant workers

Pravasi Bharatiya Bima Yojana (PBBY) is the necessary insurance coverage scheme to safegard Indian emigrant staff. The scheme is necessary for Indians working overseas falling below Emigration Examine Required (ECR) class for abroad employment to ECR international locations. The scheme was initially launched in 2003 and revised in 2006, 2008 and 2017. The Pravasi Bharatiya Bima Yojana (PBBY) now supplies robust protection for the Indians working in overseas after they fall sick.

Advantages of Pravasi Bharatiya Bima Yojana (PBBY):

  • The scheme supplies insurance coverage cowl of Rs. 10 lakhs in case of unintentional dying/everlasting incapacity
  • The premium of the insurance coverage could be very low i.e. Rs. 275 and Rs. 375 for a interval of two and three years respectively
  • The scheme is now necessary for numerous professions falling below work classes below Part 2(o) of Emigration Act, 1983
  • The Pravasi Bharatiya Bima Yojana (PBBY) now supplies world insurance coverage protection no matter location and employer
  • The premiums now could be paid on-line and the declare course of at the moment are made seamless, easy and quick

Options of Pravasi Bharatiya Bima Yojana (PBBY) 2017:

  • Insurance coverage protection of Rs. 10 lakh in case of unintentional dying or incapacity overseas
  • Advantages are supplied no matter the situation and employer
  • Medical insurance coverage protection of Rs. 1 lakh in case of ailments, illness, accidents, ailment and upto Rs. 50 thousand in case of hospitlization
  • A method economic system fare again to India from the closest airport
  • Household hospitalization in India (partner and youngsters below 21 years of age)
  • Maternity bills help to ladies emigrant employee upto Rs. 50 thousand
  • Help of Rs. 45 thousand for authorized bills on litigation associated to emigrant’s abroad employment

For extra particulars on Pravasi Bharatiya Bima Yojana (PBBY) click here.

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