What does SPBY mean in UNCLASSIFIED
SPBY stands for Seema Prahari Beema Yojna, which is a comprehensive insurance scheme introduced by the Government of India to provide financial protection to the Border Security Force (BSF) personnel and their dependents.
SPBY meaning in Unclassified in Miscellaneous
SPBY mostly used in an acronym Unclassified in Category Miscellaneous that means Seema Prahari Beema Yojna
Shorthand: SPBY,
Full Form: Seema Prahari Beema Yojna
For more information of "Seema Prahari Beema Yojna", see the section below.
Key Features of SPBY
- Coverage: SPBY provides life, disability, and accidental insurance cover to BSF personnel and their dependents.
- Life Insurance: The life insurance coverage ranges from ₹25 lakhs to ₹50 lakhs, depending on the rank and service years of the BSF personnel.
- Disability Insurance: The disability insurance coverage provides a lump sum payment in case of permanent total disability or partial disability.
- Accidental Insurance: The accidental insurance coverage offers compensation in case of accidental death or permanent total disability resulting from an accident.
- Dependents' Coverage: SPBY also extends coverage to the dependents of BSF personnel, including spouse, children, and parents.
Benefits of SPBY
- Financial security for BSF personnel and their dependents in case of unforeseen events.
- Peace of mind for the families of BSF personnel who serve in challenging and dangerous conditions.
- Enhanced morale and motivation among BSF personnel, knowing that their families are protected.
Essential Questions and Answers on Seema Prahari Beema Yojna in "MISCELLANEOUS»UNFILED"
What is SPBY (Seema Prahari Beema Yojna)?
SPBY is a welfare scheme launched by the Ministry of Home Affairs, Government of India, to provide life and disability coverage to Central Armed Police Forces (CAPFs) personnel, Assam Rifles personnel, and State Disaster Response Force (SDRF) personnel engaged in border guarding, counter-insurgency, and other internal security duties.
Who is eligible for SPBY coverage?
All serving personnel of the following forces are eligible for SPBY coverage:
- Border Security Force (BSF)
- Central Reserve Police Force (CRPF)
- Central Industrial Security Force (CISF)
- Indo-Tibetan Border Police (ITBP)
- Sashastra Seema Bal (SSB)
- Assam Rifles
- State Disaster Response Force (SDRF)
What is the coverage amount provided under SPBY?
The coverage amount under SPBY is as follows:
- Death: 100% of pay and allowances, subject to a minimum of Rs. 1 crore
- Permanent Disability: 100% of pay and allowances, subject to a minimum of Rs. 50 lakhs
- Temporary Disability: Up to 6 months' pay and allowances
How can personnel apply for SPBY coverage?
Personnel do not need to apply for SPBY coverage. They are automatically enrolled in the scheme upon joining their respective force.
What is the premium for SPBY coverage?
The premium for SPBY coverage is borne entirely by the Government of India. Personnel do not have to pay any premium.
What are the benefits of SPBY coverage?
SPBY coverage provides the following benefits:
- Financial support to personnel and their families in case of death or disability
- Peace of mind and assurance for personnel engaged in dangerous and challenging duties
- Recognition and appreciation of the sacrifices made by personnel in protecting the nation's borders and internal security
Final Words: SPBY is a significant initiative by the Government of India to recognize and support the sacrifices and contributions of the BSF personnel who guard India's borders. By providing comprehensive insurance coverage, SPBY ensures that BSF personnel and their dependents have financial protection in case of emergencies, enabling them to focus on their duties with greater confidence and peace of mind.