Home General Insurance What is Pravasi Bharatiya Bima Yojana?

What is Pravasi Bharatiya Bima Yojana?

Pravasi Bharatiya Bima Yojana
Pravasi Bharatiya Bima Yojana

The Pravasi Bharatiya Bima Yojana (PBBY) stands as a testament to India’s commitment to its diaspora, providing them with a safety net as they navigate life abroad. This innovative insurance scheme extends a helping hand to the Indian community across the globe, ensuring their well-being and offering peace of mind in unforeseen circumstances. In this blog, we delve into the significance, benefits, and workings of the Pravasi Bharatiya Bima Yojana.

A Safety Net for the Indian Diaspora:

Living in a foreign land can be an exciting journey, but it’s not without its challenges. The Pravasi Bharatiya Bima Yojana recognizes these challenges and aims to mitigate the uncertainties that Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) might face. This voluntary insurance scheme is designed to offer financial protection against a range of unfortunate events, providing a sense of security to those who have ventured far from their homeland.

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Key Features and Benefits:

Comprehensive Coverage: PBBY offers coverage for accidental death and permanent disability, ensuring that policyholders and their families are protected against the financial implications of such events.

Nominal Premiums: The scheme’s affordability is a key highlight, with low premium rates that make it accessible to a wide range of the diaspora.

Worldwide Protection: Regardless of where a policyholder resides, the coverage extends across the globe, reflecting India’s commitment to the well-being of its diaspora members.

Age No Bar: PBBY welcomes individuals from various age groups, providing an opportunity for even older members of the community to secure coverage.

Ease of Application: The application process is streamlined, making it convenient for eligible individuals to enroll and access the benefits offered by the scheme.

Eligibility and Enrollment:

The Pravasi Bharatiya Bima Yojana is available to NRIs, PIOs, and even Indian nationals who have spent considerable time abroad. The ease of enrollment ensures that anyone meeting the eligibility criteria can take advantage of the scheme’s protective umbrella.

The Vision Behind the Scheme:

Beyond its practical benefits, the Pravasi Bharatiya Bima Yojana carries a deeper sentiment. It reflects India’s recognition and appreciation of the contributions made by its diaspora to the countries they now call home. By offering this insurance, India sends a message of solidarity and support, reinforcing the bond that connects its people, regardless of geographical distance.

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1. Overseas Indian Status:

To qualify for the Pravasi Bharatiya Bima Yojana, an individual must have been granted emigration clearance. This criterion ensures that the scheme caters to those who have left India for overseas opportunities, recognizing their unique circumstances and challenges.

2. Age Range: 18 to 65 Years:

Applicants must fall within the age bracket of 18 to 65 years old to be eligible for the scheme. This range ensures that those who are in their prime working years, as well as those transitioning towards retirement, can access the benefits of the scheme.

Application Process

It is possible to buy PBBY online. There are numerous online channels available from companies like IFFCO-TOKIO General Insurance and Oriental Insurance where you can purchase the PBBY coverage.)

You must have all of your travel-related documents, such as your passport, visa, work permit number, etc., ready to go before beginning the application process.

Step 1: If you are a new customer, you must first complete the online form with all the necessary information before being directed to the payment page.

Step 2: Correctly enter all required information when presented on the screen.

Step 3: You will be taken to a website where you can pay your premium, where you can choose from a variety of accepted payment methods and do so in accordance with the amount due. You can choose the payment method that is best for you and proceed accordingly.

UPI, Internet Banking, Debit Cards, Online Wallets, and Credit Cards (Mastercard, Visa, and American Express) are all acceptable forms of payment.

Step 4: You will be taken to the confirmation page once the payment has been accepted and processed. The receipt must be downloaded for your records.


The Pravasi Bharatiya Bima Yojana is more than an insurance scheme; it’s a symbol of India’s unwavering commitment to its diaspora. As NRIs and PIOs embark on journeys abroad, this safety net serves as a reminder that their motherland stands by them, ready to provide a helping hand when needed. Through this initiative, India not only offers financial protection but also strengthens the bonds that tie its people across the globe.

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