PM Suraksha Bima Yojana — ₹2 Lakh Accident Cover

What is PM Suraksha Bima Yojana?

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accidental death and disability insurance scheme at an extremely affordable premium of just ₹20 per year (approximately ₹1.67 per month).

Key features:

• Coverage: ₹2 lakh on accidental death or total permanent disability
• Coverage: ₹1 lakh on partial permanent disability
• Premium: ₹20/year — auto-debited on June 1
• Available to all savings bank account holders
• No medical examination required
• Renewable annually

Who is Eligible?

• Age: 18 to 70 years
• Must have a savings bank account or Jan Dhan account
• Aadhaar should be linked to the bank account (recommended)

Note: Unlike PMJJBY (which covers only up to age 50), PMSBY covers up to 70 years — making it especially valuable for older adults.

Premium and Coverage Details

Total permanent disability includes loss of both eyes, or loss of use of both hands/feet, or loss of one eye AND one hand/foot.

Partial permanent disability includes loss of one eye, or one hand, or one foot.

How to Enroll — Step by Step

Via Bank Branch

1. Visit your bank branch
2. Fill the PMSBY enrollment/consent form (Form available at bank)
3. Provide auto-debit consent for ₹20/year from your savings account
4. Submit Aadhaar copy (if not already linked)
5. Bank registers you and deducts premium on June 1

Via Net Banking / Mobile Banking

1. Log in to net banking or bank mobile app
2. Navigate to Insurance or Government Schemes section
3. Find PMSBY and click Enroll/Subscribe
4. Confirm auto-debit consent
5. Receive confirmation SMS

Via Jan Dhan / Post Office Account

Visit your Jan Dhan bank branch or post office. Submit the consent form. Premium will be auto-debited from your account.

How to Claim

In case of accidental death or disability:

1. Notify the bank where enrolled within 30 days of the accident (or as soon as possible)
2. Download/collect the PMSBY claim form from the bank
3. Submit:
   • Death cases: Death certificate, FIR/post-mortem report, claimant (nominee) identity + bank details
   • Disability cases: Disability certificate from government hospital, FIR, identity proof
4. Bank forwards claim to the insurer
5. Claim settled within 30 days — amount credited to nominee's account

PMSBY + PMJJBY = Maximum Protection for ₹456/Year

Enrolling in both schemes gives comprehensive life + accident cover for less than ₹2/day.

Frequently Asked Questions

Does PMSBY cover death due to illness?

No — PMSBY only covers accidental death. Death due to illness, disease, or natural causes is not covered. For that, enroll in PMJJBY.

What if my bank account has no balance on June 1?

The auto-debit of ₹20 will fail and your policy will lapse. Keep at least ₹20 in your account on May 31–June 1 each year.

Can I have PMSBY from multiple bank accounts?

You can enroll from multiple accounts, but you can claim from only one policy per accident event. Duplicate claims are not allowed.

I already had an accident before enrolling. Will it be covered?

No — only accidents occurring after the policy start date (enrollment or June 1, whichever is applicable) are covered.

Is there a waiting period?

There is no general waiting period for PMSBY. Coverage starts from the date of enrollment.

Can a housewife or farmer enroll?

Yes — anyone with a savings bank account aged 18–70 can enroll, regardless of occupation or employment status.

Official Links

• Scheme information: jansuraksha.gov.in
• Enroll: Visit your bank branch or use net banking
• National helpline: 1800-180-1111 (LIC) or your bank's customer care
• SMS: Send "PMSBY" to your bank's SMS banking number (varies by bank)