These SBI customers can avail up to Rs 2 lakh free insurance benefit: Check details here

State Bank of India (SBI) customers who opened Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts after August 2018 can avail free accidental insurance benefits of up to Rs 2 lakh. This insurance scheme can be availed only by those SBI Jhan Dhan accountholders who have applied for the SBI's RuPay Jan Dhan Card, as per the SBI website.

Those who applied for PMJDY SBI RuPay Jan Dhan Cards till August 28, 2018 can avail insurance benefit of Rs 1 lakh, according the SBI website.

SBI has extended the accidental insurance benefits to accountholder's nominees as well.

How to avail insurance benefit?
To get the accidental insurance benefit, the nominee will have to fill a claim form and attach the death certificate of the PMJDY accountholder, i.e., the person for whom the insurance is being claimed.

The nominee will also have to submit a copy of the FIR regarding the accident, post mortem report, FSL (forensic science laboratory) report, and copy of the deceased person's Aadhaar card. These documents have to be submitted within 90 days of the accident to claim the insurance benefit.

What is PMJDY?
The Jan Dhan Yojana, which was announced by Prime Minister Narendra Modi in his Independence Day address in 2014, was launched on August 28 in the same year.

In 2018, the government launched PMJDY 2.0 with enhanced features and benefits. Under the new version, the government decided to shift focus from 'Every Household' to 'Every Unbanked Adult' and free accidental insurance cover on RuPay cards was doubled to Rs 2 lakh for PMJDY accounts opened after August 28, 2018.