Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Life & Pension Security
Old age income and life security for unorganized workers with 50% family pension guaranteed to spouse upon subscriber death.
Sum Insured / Cover
Guaranteed ₹3,000/month Pension + 50% Family Pension
Annual Premium
Nominal Monthly / Annual Contribution
Claim Settlement
98.5% (Sovereign Guaranteed)
Network / Scope
All-India Empaneled
✦ Key Benefits & Policy Coverage
Old age income and life security for unorganized workers with 50% family pension guaranteed to spouse upon subscriber death.
What is Missing: Critical Policy Exclusions & Limitations
Eligo disclosure: Private insurance agents and official ads rarely mention these limitations. Verify before relying on this coverage.
Must not be covered under EPFO, ESIC, or NPS. Monthly family income must not exceed ₹15,000.
✦ Eligibility Requirements
Unorganized workers aged 18 to 40 years with monthly income up to ₹15,000.
✦ Application, Enrollment & Claims Process
1. Visit bank branch, post office, or CSC.
2. Submit auto-debit mandate and nominee details.
3. Receive policy confirmation certificate.Official Portal
Official Government / PSU Portal
Apply or verify on the official administrative domain
✦ Documents Checklist
Aadhaar Card, Savings Bank Account, Nominee KYC.
✦ Life Situations Where This Scheme Helps
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Senior Citizens & Retirement Care
Guaranteed pension schemes, free assisted living devices, subsidized healthcare, and geriatric welfare for elderly citizens.
Widow & Destitute Women Support
Direct monthly pension support, skill training, daughter marriage financial aid, and rehabilitation for widowed or deserted women.
Underwriting Entity & Public Grievance Contact
Administering Body:
Government of India