PM Suraksha Bima Yojana (PMSBY)
PM Suraksha Bima Yojana is accident insurance of up to ₹2 lakh for only ₹20 a year. It pays if the insured person dies or becomes disabled in an accident. Anyone aged 18 to 70 with a bank or post office account can join.
What is PMSBY?
PMSBY is a one-year accident insurance scheme, renewable every year. It was launched on 9 May 2015 and is offered by public sector general insurers and other insurers through banks and post offices. As of April 2026, more than 58 crore people have enrolled and about ₹3,660 crore has been paid for over 1.84 lakh claims.
What does it pay?
| Event (due to an accident) | Amount |
|---|---|
| Death | ₹2 lakh |
| Total and permanent loss of both eyes, or both hands or feet, or one eye and one hand or foot | ₹2 lakh |
| Total and permanent loss of sight in one eye, or loss of one hand or foot | ₹1 lakh |
Death due to illness is not covered. For that, see PM Jeevan Jyoti Bima Yojana.
Who can join?
- Anyone aged 18 to 70 years with a savings account in a participating bank or post office.
- You can join through one account only.
Premium
₹20 per year, auto-debited from your account. The cover year runs from 1 June to 31 May, and renewal is automatic as long as your account has enough balance around the end of May.
When the cover ends
- On turning 70.
- If the bank account is closed or there isn't enough balance for renewal.
- If you are covered through more than one account, only one cover is valid.
How to join
Online
Use your bank's net banking or mobile app, or the official Jan Suraksha portal.
At the bank or post office
- Fill in the PMSBY consent-cum-declaration form.
- Give your nominee's details and Aadhaar.
- Keep ₹20 in the account for the auto-debit and collect your acknowledgement slip.
How to make a claim
- Inform the bank or post office as soon as possible after the accident.
- Submit the claim form with documents such as the FIR or police report, the post-mortem report and death certificate (in case of death), or a disability certificate from a government doctor (in case of disability).
- The bank forwards the claim to the insurer, and the money is paid into the nominee's or insured person's account.
Frequently asked questions
How much is the PMSBY premium?
₹20 per year, auto-debited from your bank or post office account.
What does PMSBY cover?
Accidental death and full permanent disability (₹2 lakh) and partial permanent disability (₹1 lakh). It does not cover death due to illness.
What is the age limit for PMSBY?
18 to 70 years.
Can I join both PMSBY and PMJJBY?
Yes. Many people take both: PMJJBY for life cover (₹436) and PMSBY for accident cover (₹20).
How do I join PMSBY online?
Through your bank's net banking or mobile app, or the Jan Suraksha portal at jansuraksha.gov.in.
Sources
- PIB: Jan Suraksha schemes complete 11 years (9 May 2026)
- Department of Financial Services: PMSBY
- Jan Suraksha portal