Social Security For All
Pradhan Mantri Suraksha
Bima Yojana (PMSBY)
A highly affordable, government-backed accident insurance scheme designed to provide financial protection to you and your family in times of sudden crisis.
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Key Scheme Highlights
Secure yourself with maximum coverage at a minimum premium. PMSBY is an accessible risk cover for every Indian citizen.
Frequently Asked Questions
Any individual between the ages of 18 and 70 years holding a participating savings bank account is eligible to join the scheme.
The policy offers ₹2 Lakh for accidental death or total and irrecoverable loss of both eyes or loss of use of both hands or feet. It also offers ₹1 Lakh for the partial loss (e.g., one eye or one limb) due to an accident.
The annual premium of ₹20 is directly auto-debited from your linked bank account every year. This ensures continuous coverage without the need for manual renewals.
No. An individual can hold only one PMSBY policy at a time, even if they have multiple savings accounts across different banks.
The policy period runs from 1st June to 31st May every year. The auto-debit usually occurs on or before the 31st of May.