Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Accident insurance scheme offering ₹2 lakh for death/total permanent disability and ₹1 lakh for partial permanent disability. Annual premium of only ₹20.
Overview
PMSBY is a one-year renewable personal accident insurance scheme. Premium is auto-debited from your bank or post office account. Cover starts after 45 days of enrolment. Administered by public sector general insurers with participating banks.
Process
Step 117%
Visit your bank or post office
Step 233%
Fill the PMSBY enrollment form
Step 350%
Provide account and Aadhaar details
Step 467%
Authorise auto-debit of ₹20 per year
Step 583%
Coverage begins from date of premium debit
Step 6100%
Renewal is automatic each year
Documents Required
Aadhaar card
Bank or post office savings account (individual or joint)
Consent form for auto-debit
Eligibility
Age 18–70 years
Individual (single or joint) bank or post office account
One account per person across all banks