Pradhan Mantri Suraksha Bima Yojana
Ministry of Finance
Details
This scheme provides Accident Insurance Coverage offering protection in case of accidental death or disability. It ensures financial support to the insured member or their family in the unfortunate event of an accident.
Premium
The annual premium is ₹20 per member.
This amount is automatically deducted from the account holder’s bank or post office account through the auto-debit facility on or before 1st June each year.
Coverage Duration
The insurance coverage is valid for one year, starting from 1st June to 31st May, provided the annual premium has been paid.
Termination of Coverage
The accident insurance cover will cease or be restricted in the following situations:
When the member reaches the age of 70 years (nearest birthday).
If the bank or post office account is closed or there is an insufficient balance to maintain the insurance.
In cases where a member is enrolled in the scheme through multiple accounts and more than one premium is paid inadvertently, the insurance company will restrict the total cover to ₹2 lakh only.
Benefits
The scheme provides financial security to the insured person or their nominee in case of accidental death or disability. The benefits are as follows:
1. In case of Death:
If the insured person dies due to an accident, the nominee will receive ₹2 lakh as compensation.
2. In case of Total and Irrecoverable Disability:
The insured person will receive ₹2 lakh if they suffer from any of the following:
- Complete and permanent loss of both eyes.
- Loss of use of both hands or both feet.
- Loss of sight in one eye along with loss of use of one hand or one foot.
3. In case of Partial Disability:
The insured person will receive ₹1 lakh if they suffer from:
- Complete and permanent loss of sight in one eye.
- Loss of use of one hand or one foot.
Eligibility
To be a part of this accident insurance scheme, certain conditions must be fulfilled.
The eligibility criteria are as follows:
1. The applicant must be an individual bank account holder in a participating bank.
2. The minimum age required is 18 years (completed).
3. The maximum age limit is 70 years (nearest birthday).
4. The individual must give their consent to join the scheme and enable the auto-debit facility from their bank account for premium payment.
Application Process
Applicants can also enroll under PMSBY through the online mode by using the net banking facility provided by their respective banks.
Individuals who wish to enroll in the Pradhan Mantri Suraksha Bima Yojana (PMSBY) through the offline mode can follow the steps given below:
Step 1: Visit the Bank or Download the Form
A). The applicant can visit the bank branch where they hold a savings account.
B). Alternatively, they can visit the official website: jansuraksha.gov.in/Forms-PMSBY.aspx to download the enrollment form.
Step 2: Fill and Submit the Form
A). After downloading the form, the applicant must fill in all the required details.
B). The completed form should be submitted to the bank branch along with the necessary documents.
Step 3: Acknowledgment of Enrollment
A). Once the application is successfully processed, the subscriber will receive an Acknowledgment Slip-cum-Certificate of Insurance as proof of enrollment.
Contact Information
State-wise Toll-Free Numbers: Click here to view
National Toll-Free Numbers: 1800-180-1111 / 1800-110-001
Documents Required
To enroll in the Pradhan Mantri Suraksha Bima Yojana (PMSBY), the following documents are generally needed:
Identity Proof – Aadhaar Card, Voter ID, Driving License, PAN Card, or Passport.
Address Proof – Aadhaar Card, Utility Bills (electricity/telephone bill not older than 2 months), Voter ID, or Ration Card.
Bank Account Details – Savings bank account number with the participating bank/post office.
Passport-size Photograph – Recent photograph for application records (if required by the bank).
Nominee Details – Information and proof of identity for the nominee to ensure claim settlement.
Frequently Asked Questions
The Prime Minister Security Insurance Scheme, or PMSBY, is a government-backed accident insurance scheme that provides coverage for accidental death or disability. It offers financial protection of ₹2 lakh for death or total disability and ₹1 lakh for partial disability, at a very affordable premium of just ₹20 per year.
Any individual bank account holder aged between 18 years (completed) and 70 years (nearest birthday) is eligible to join the scheme, provided they give consent for auto-debit of the annual premium from their bank account.
Enrollment can be done in two ways:
A). Offline: By filling the PMSBY application form available at the bank branch and submitting it with necessary documents.
B). Online: Through the net banking facility provided by participating banks.
The insurance cover under PMSBY is valid for one year, starting from 1st June to 31st May. To continue the benefits, the subscriber must renew it every year by paying the annual premium.
No. If a subscriber is enrolled under PMSBY through more than one account and premiums are deducted, the insurance company will restrict the total cover to ₹2 lakh only.
Sources And References
Disclaimer: The information provided herein is for educational and informational purposes only and is updated as of 22 October 2026. Applicants are advised to verify the latest updates regarding the terms and conditions, eligibility criteria, and documents required under the Pradhan Mantri Suraksha Bima Yojana from the relevant official sources before submitting an application. The information provided should not be construed as a guarantee of eligibility or approval under the Scheme.