Pravasi Bharatiya Bima Yojana-PBBY । Indian migrant workers will get an insurance cover of Rs.10 lakh

The Pravasi Bharatiya Bima Yojana-PBBY is a special insurance plan for Indian workers who go to work in other countries. It is meant to protect them and their families in case of accidents or other problems while they are away from home. The government of India made this plan to help these workers and their families.  

What is Pravasi Bharatiya Bima Yojana-PBBY ?

This plan is like a safety net for Indian workers who go to work in other countries. It gives them financial help if something bad happens to them. For example, if a worker has an accident and can’t work again, they will get money from this plan. Or, if the worker dies in an accident, their family will get money.

An insurance program mandated by the Ministry of External Affairs (MEA) to protect the interests of Indian migrant workers who fall under the Immigration Check Required (ECR) category and travel to ECR countries for employment.In addition, PBBY offers online renewal capability, a streamlined certification process for worldwide insurance coverage and accidental death and permanent disability regardless of job or location. The program is designed to ensure prompt resolution of disputes and is now more beneficial to migrant workers.

In 2017, the plan completed its most recent comprehensive review, incorporating feedback from all relevant parties. Revised Pravasi Bharatiya Bima Yojana-PBBY, 2017 Scheme came into effect on 1st August 2017. In case of accidental death or permanent disability, the scheme now covers two and three years for Rs. 275 and Rs. 375 for insurance premium of Rs. 10 lakh insurance cover.

What Does the Plan Cover?

The Pravasi Bharatiya Bima Yojana (PBBY) covers different things. The main things are:

• Accidental Death or Permanent Disability: If a worker dies in an accident or becomes unable to work forever, their family will get money.
• Hospitalization Expenses: If a worker needs to stay in the hospital because of an accident, the plan will pay for some of the costs.
• Repatriation of Mortal Remains: If a worker dies, the plan will help bring their body back to India.

Objectives of Pravasi Bharatiya Bima Yojana-PBBY

The Pravasi Bharatiya Bima Yojana-PBBY was introduced with the primary aim of safeguarding the interests of Indian workers who go to work in foreign countries. The scheme aims to provide a financial safety net for these workers and their families in case of unforeseen circumstances.

The specific objectives of Pravasi Bharatiya Bima Yojana-PBBY can be summarized as follows:

• Financial Protection: To provide financial assistance to Indian workers and their families in case of accidental death or permanent disability while working abroad.
• Medical Coverage: To offer financial support for medical expenses incurred due to accidents or illnesses during employment overseas.
• Repatriation Assistance: To facilitate the repatriation of mortal remains of insured persons in case of death.
• Welfare of Migrant Workers: To contribute to the overall welfare and well-being of Indian migrant workers by providing a sense of security and support.
• Enhancing India’s Image: To showcase India’s commitment to the protection and care of its citizens working abroad, thereby enhancing the country’s image globally.
• Risk Mitigation: To mitigate the financial risks faced by Indian workers and their families due to unforeseen events during overseas employment.

Benefits of Pravasi Bharatiya Bima Yojana-PBBY

• Irrespective of the employer or location of the insured person, they will be covered up to ₹10 lakh in case of accidental death or permanent disability while employed abroad.
• Insurance companies will accept certificates of accidental death or permanent disability from Indian missions and posts abroad.
• A medical insurance cover of up to ₹1,00,000 (up to ₹50,000 per hospital) is provided for sickness, accident and illness.
• An actual one-way economy class flight to the nearest international airport in India serves as repatriation coverage for those who are medically unfit or who terminate their employment prematurely.
• In India, family hospitalization is up to ₹50,000 for spouse and first two children up to 21 years of age.
• A benefit of up to ₹50,000 is provided to women passengers covering maternity expenses.
• In the event of accidental death or permanent disability of an immigrant, an attendant will be reimbursed for their return economy airfare to the nearest international airport.
• Allowable legal fees are up to ₹45,000 in litigation related to migrant work abroad.
• Online PBBY policy renewal capability is provided.

Eligibility for Pravasi Bharatiya Bima Yojana-PBBY

• Applicant must have immigration clearance and must be an overseas Indian.
• Candidates must be between 18 and 65 years old (upper age limit depends on getting migration permit).

Necessary documents

In case of accidental death:

• Accidental death confirmed by police report.
• Autopsy report.
• Report or certificate from Indian Embassy.
• Copy of passport with all pages duly attested.

Total and permanent disability:

• Medical records related to post-accident treatment.
• Disability certificate from appropriate medical authority.

Documents based on what type of claim a company can make and seek in the event of permanent total disability include, among other things:

• Proof of original policy or insurance.
• Application for compensation, fully completed, signed and signed by the claimant.
• In case of death outside India, a duly attested copy of the entire passport is required.

Pravasi Bharatiya Bima Yojana Application Process

Pravasi Bharatiya Bima Yojana-PBBY can be taken online. IFFCO-TOKIO General Insurance and Oriental Insurance are two companies that provide various online channels for purchasing PBBY policies.)

You must have all your travel related documents including your passport, visa, work permit number and other documents before starting the application process.

• Step 1: If you are a new client, you will be immediately directed to the payment page after completing the online form with all the required information.
• Step 2: Enter all the required information accurately when presented on the screen.
• Step 3: You will be directed to the premium payment page, where you can select from the available payment options and pay the appropriate amount for your insurance premium. You can decide which payment method is best for you and adjust the amount paid accordingly.
• Accepted payment methods include credit cards (Master, Visa and American Express), debit cards, online wallets, UPI and internet banking.
• Step 4: You will be sent to a confirmation page after the money is properly processed. For future use, you must download the receipt.

Conclusion :

Pravasi Bharatiya Bima Yojana-PBBY reflects India’s dedication to the welfare of its migrant workers. Despite its shortcomings, the program is essential to providing financial stability and peace of mind to families returning home. To increase the impact of PBBY, it is necessary to ensure increased knowledge, accessibility and effective claims settlement practices as India’s overseas population continues to grow.

Pravasi Bharatiya Bima Yojana can serve as a first step towards a more comprehensive social security system for migrant workers, going beyond mere economic protection. This important segment of the Indian population can be further empowered through collaboration with host nations, exploration of wider coverage possibilities and skill development programmes.

Ultimately, the success of the Pravasi Bharatiya Bima Yojana-PBBY depends on the ability of migrants to adapt and move forward to meet the changing demands of a dynamic workforce. The future of millions of people who have contributed significantly to India’s development and prosperity can be truly safeguarded by PBBY by overcoming the current challenges and embracing continuous progress.

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