Pradhan Mantri Suraksha Bima Yojana 2025: ₹2 Lakh Accident Insurance at Just ₹20

What is Pradhan Mantri Suraksha Bima Yojana?

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a Government of India accident insurance scheme that provides financial protection against accidental death and disability at a very low premium. The scheme is designed to support economically vulnerable citizens by offering affordable insurance coverage.

PMSBY Premium Details

Annual Premium: ₹20 per member

Payment Mode: Auto-debit from bank or post office account

Debit Date: On or before 1st June every year

The premium amount is automatically deducted once consent is provided during enrollment.

 

Coverage Period

Insurance Validity: 1st June to 31st May (1 year)

Renewal happens automatically through auto-debit every year.

When Does PMSBY Coverage End?

The insurance cover will terminate or become invalid under the following conditions:

On attaining 70 years of age

Closure of bank/post office account

Insufficient account balance for premium deduction

Multiple enrollments (maximum cover limited to ₹2 lakh only)

PMSBY Benefits

Condition        Insurance Amount

Accidental Death        ₹2,00,000

Total & irrecoverable loss of both eyes / both hands / both feet      ₹2,00,000

Loss of sight in one eye or loss of one hand or foot  ₹1,00,000

Eligibility Criteria

Age between 18 to 70 years

Must have an active bank or post office savings account

Consent for auto-debit is mandatory

How to Apply for PMSBY?

Application Process

Visit your bank branch where you hold a savings account

OR

Download the form from the official website:

https://jansuraksha.gov.in/Forms-PMSBY.aspx

Fill in the application form with the correct details

Submit the form along with required documents

Receive Acknowledgement Slip & Insurance Certificate

Online Application

Log in to your bank’s net banking / mobile banking

Enable PMSBY under insurance schemes

Provide consent for auto-debit

PMSBY Contact & Helpline

National Toll-Free Numbers:

1800-180-1111

1800-110-001

State-wise Toll-Free Numbers:

https://jansuraksha.gov.in/files/STATEWISETOLLFREE.pdf

 Frequently Asked Questions (FAQs)

Is hospitalization reimbursement covered?

No. PMSBY does not cover hospitalization expenses.

Who receives the claim amount after death?

The nominee or legal heir receives the insurance benefit.

How is the claim amount paid?

Disability claims → Credited to insured’s bank account

Death claims → Paid to nominee/legal heir

Is suicide covered under PMSBY?

No. Death due to suicide is not covered.

 

Is FIR mandatory for claim?

Yes, for road accidents, rail accidents, drowning, or crime-related deaths

Hospital records are sufficient for snake bites, falls, etc.

Is partial disability covered?

No. Only irrecoverable disability is eligible.

Can one person enroll through multiple bank accounts?

No. Only one PMSBY account per individual is allowed.

Can NRIs apply for PMSBY?

Yes, if they have a valid Indian bank account. Claims are paid only in Indian currency.

Does PMSBY cover natural calamities?

Yes. Death or disability due to earthquake, flood, cyclone, etc. is covered.

Is murder covered?

Yes.

Suicide is not covered.