The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed one-year accidental insurance scheme aimed at providing financial protection to individuals, especially from economically weaker sections. Launched under the Jan Suraksha initiative, the PMSBY scheme offers affordable insurance coverage in case of accidental death or disability.
With an annual premium as low as ₹20, the PM Suraksha Bima Yojana ensures that every citizen can access basic financial security and support in times of need.
PMSBY full form is Pradhan Mantri Suraksha Bima Yojana, a government-backed accidental insurance scheme launched in 2015 by the Ministry of Finance, Government of India. The objective of the PMSBY scheme is to provide affordable insurance cover for accidental death and disability to citizens aged 18 to 70 years. It is renewed annually through an auto-debit facility from the subscriber’s bank account, ensuring continuous protection under the PM Bima Yojana.
Here are the key features and highlights of the PMSBY scheme 2025:
Accidental death and disability insurance.
₹2 lakh for accidental death or total disability, and ₹1 lakh for partial disability.
₹20 per annum per member.
Available to individuals aged 18 to 70 years with a savings bank account.
Annual, from 1st June to 31st May, renewable automatically each year.
Premium auto-debited from the subscriber’s bank account.
Provides financial protection and security to dependents in case of accidental mishaps.
Administered by the Ministry of Finance, Government of India.
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) was introduced to strengthen India’s social security system by offering affordable accident insurance to every citizen, particularly those from low-income and rural backgrounds.
According to policy experts, PMSBY plays a pivotal role in India’s broader financial inclusion agenda by ensuring accidental-risk protection for workers in the unorganised sector. It complements PMJJBY and Atal Pension Yojana by filling the “accident protection” gap in social-security coverage.
To provide low-cost accidental death and disability insurance to economically weaker sections.
To extend insurance access to unorganised and rural populations who lack formal protection.
To complement other flagship schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY) under the Jan Suraksha initiative.
To promote the habit of banking and financial awareness among citizens through bank-linked insurance.
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is open to all Indian citizens who meet specific eligibility requirements set by the government. The scheme ensures that individuals can easily enrol through their bank accounts with minimal documentation.
Individuals aged 18 to 70 years can enrol under the PMSBY policy.
Must have a valid savings bank account linked to Aadhaar for identification.
Available to Indian residents holding a savings account in an authorised bank.
A person can subscribe to the PMSBY scheme through only one bank account, even if they hold multiple accounts.
Individuals who close their bank account, exceed the age limit, or fail to maintain a sufficient balance for premium deduction become ineligible.
Enrolment requires the subscriber’s explicit consent for annual auto-debit of the ₹20 premium from their bank account.
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) provides vital financial protection to policyholders and their families in the event of accidental death or disability. It offers pure risk coverage, meaning there are no maturity or savings benefits — the payout is made only when an insured event occurs.
| Type of Coverage | Definition | Benefit Amount | Payable To |
|---|---|---|---|
| Accidental Death | Death resulting from an accident (external, violent, and visible means) | ₹2 lakh | Nominee or legal heir |
| Total Permanent Disability | Complete and irreversible loss of both eyes, both hands, or both feet | ₹2 lakh | Policyholder |
| Partial Permanent Disability | Irreversible loss of sight in one eye or loss of use of one hand or foot | ₹1 lakh | Policyholder |
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is designed to make accidental insurance affordable and accessible to every citizen, ensuring financial protection without financial strain.
The premium is ₹20 per annum per member.
The amount is auto-debited directly from the subscriber’s linked savings bank account in one instalment.
The premium is deducted once a year, usually between May and June, before the renewal date.
Each policy year runs from 1st June to 31st May of the following year.
The PMSBY policy is renewed automatically every year through the same auto-debit process, provided the account has sufficient balance and consent remains active.
The premium amount may be revised periodically by the Government to ensure sustainability and wider coverage.
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) offers a simple enrolment process, allowing individuals to join either offline through their bank or post office, or online via internet banking and mobile apps. Here’s how to apply:
Visit your bank branch or designated post office, fill out the PMSBY form, and submit it along with your Aadhaar-linked bank details. The bank will process your enrollment and activate the policy after receiving consent for premium auto-debit.
Log in to your internet banking portal or mobile banking app, locate the PMSBY scheme option under the “Insurance” section, fill in the required details, and authorise the ₹20 auto-debit.
Aadhaar card (for identity verification), savings bank account details, and a recent passport-size photograph (if requested by the bank).
Ensure accurate nominee information and bank account details are provided, as these are crucial for claim settlement.
After registration, you can verify your PMSBY policy status through your bank’s website, mobile app, or by visiting the official PMSBY portal on financialservices.gov.in
A claim under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) can be made in the unfortunate event of the insured’s accidental death or disability. The process is straightforward but must be completed within the stipulated timelines and supported by valid documents for verification.
In case of an accident or death, the nominee or claimant should inform the bank branch where the insured person was enrolled under the PMSBY scheme as soon as possible.
Collect the PMSBY claim form either from the bank branch, post office, or download it from the official PMSBY portal.
The claims form must be filled accurately and submitted along with required documents — such as a death certificate, FIR, post-mortem report (in case of death), or disability certificate issued by a competent authority (in case of disability).
The bank verifies the details and forwards the claim to the insurance company for further scrutiny.
Upon verification, the insurance company credits the claim amount directly to the nominee’s or insured’s bank account.
Example: If Mr. Ravi, a 45-year-old worker enrolled under PMSBY, meets with a road accident resulting in total disability, his nominee or he himself can file a claim through the linked bank. Upon verification, ₹2 lakh is credited to the beneficiary’s account—typically within 30 days.
Important Note: Claims must be supported by valid documents proving the accident, cause of death or disability, and the relationship of the nominee to ensure smooth and timely settlement.
Once all required documents are verified, the bank forwards the claim to the insurance company, which then processes and releases the approved amount directly into the beneficiary’s account.
Not all incidents are covered under the Pradhan Mantri Suraksha Bima Yojana (PMSBY). The following cases are excluded from coverage as per official guidelines:
Source - https://jansuraksha.gov.in/Files/PMSBY/English/Rules.pdf
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a yearly renewable insurance scheme, ensuring continuous protection with minimal effort from the subscriber.
The PMSBY policy is renewed automatically every year through an auto-debit of ₹20 from the subscriber’s savings bank account, typically before 1st June.
A subscriber can cancel participation at any time by submitting a written request to their bank, opting out of further auto-debits.
If the bank account lacks sufficient balance or is closed, the PMSBY coverage lapses automatically, and the person is no longer insured.
A lapsed subscriber can re-enrol in the PMSBY scheme by submitting a fresh consent form and authorising auto-debit before the next renewal cycle begins.
The nominee plays a vital role in claim settlement, as the insurance benefit is directly paid to them in the event of the policyholder’s accidental death.
The nominee’s name, relationship, and bank details must be clearly mentioned in the PMSBY enrolment form at the time of joining.
Nominee details can be updated or changed by visiting the respective bank branch and submitting a written request or an updated PMSBY form.
Identity proof of the nominee, updated bank details, and Aadhaar-linked verification documents may be required for processing changes.
If the nominee is a minor, the policyholder must appoint an appointee (usually a parent or guardian) to receive the claim amount on behalf of the minor until they attain majority.
Source - Ministry of Finance
The scheme’s success demonstrates significant progress in expanding India’s insurance safety net. Analysts attribute the high enrolment numbers to simplified bank integration and low premium costs that promote financial inclusion in rural communities.
Filing a claim under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) requires accuracy and timely submission. Many claims are rejected due to small errors or missing details, which can delay or prevent families from receiving the intended financial support. Here are the common reasons for PMSBY claim rejection and how to avoid them:
Claims filed after 30 days from the date of the accident are usually rejected.
Tip: Always inform the bank immediately after an accident and submit all documents promptly within the stipulated period.
Absence of vital papers like FIR, death certificate, or disability proof leads to rejection..
Tip: Ensure you attach all required documents as per the PMSBY claim checklist before submission.
Discrepancies in the nominee’s name, relationship, or bank account can result in claim denial..
Tip: Verify nominee details during enrollment and update them regularly in your bank records.
Claims arising from natural causes, illness, or suicide are not covered..
Tip: Understand the PMSBY exclusions clearly and ensure the claim is for a valid accidental event.
If the insured person’s bank account is closed or lacks a sufficient balance during renewal, coverage lapses.
Tip: Maintain an active savings account with sufficient funds and confirm annual auto-debit renewal.
Both PMSBY and PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) are part of the Government’s Jan Suraksha initiative, offering affordable insurance—one for accidental cover and the other for life cover.
| Feature | PMSBY (Pradhan Mantri Suraksha Bima Yojana) | PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) |
|---|---|---|
| Type of Insurance | Accidental Death and Disability Insurance | Life Insurance |
| Year of Launch | 2015 | 2015 |
| Implementing Ministry | Ministry of Finance | Ministry of Finance |
| Eligibility Age | 18 to 70 years | 18 to 50 years |
| Annual Premium | ₹20 per annum | ₹436 per annum |
| Coverage Amount | ₹2 lakh (death or total disability), ₹1 lakh (partial disability) | ₹2 lakh (in case of death due to any cause) |
| Policy Duration | 1 year (renewable annually) | 1 year (renewable annually) |
| Mode of Payment | Auto-debit from savings bank account | Auto-debit from savings bank account |
| Nature of Coverage | Covers accidental death/disability only | Covers death due to any reason |
For accurate and up-to-date information on the Pradhan Mantri Suraksha Bima Yojana (PMSBY), it is essential to rely only on official government sources and authorised institutions. This ensures that subscribers receive correct guidance on enrolment, claims, and renewals.
Enrolment Form available on the official site and claim Form can be downloaded directly from the PMSBY section of the same website.
All major public and private sector banks, regional rural banks, and post offices offer enrolment. The scheme is implemented through partner general insurance companies approved by the Ministry of Finance.
1800-180-1111 / 1800-110-001
jansuraksha@gov.in for queries related to PMSBY scheme details, enrolment, or claims.
The scheme is administered by Public Sector General Insurance Companies (PSGICs) and other willing private insurance companies, in collaboration with participating banks. Almost all major banks participate in this scheme to provide this facility to their account holders.
A list of major participating banks is provided below (this list is indicative and may also include other cooperative and rural banks):
You can enrol in this scheme by contacting any of the listed banks where you have a savings account, or the Post Office.
Any Indian citizen (resident or NRI) aged between 18 and 70 years who has a savings bank account can enrol in the Pradhan Mantri Suraksha Bima Yojana (PMSBY). The subscriber must provide consent for auto-debit of the premium and submit a self-declaration of good health if required.
Offline: Visit your bank branch or post office, fill the PMSBY enrolment form, and submit it with your account and nominee details.
Online: Log in to your bank’s internet banking or mobile app, find the PMSBY option, and authorise auto-debit. Once approved, the premium is deducted automatically each year.
The annual premium is ₹20 per subscriber, auto-debited from the bank account once a year (usually between May 25 and May 31). The premium may be reviewed periodically by the Government.
The policy year is from 1 June to 31 May of the following year. The cover is renewable annually and renews automatically via auto-debit of the ₹20 premium.
Accidental death: ₹2 lakh
Total permanent disability: ₹2 lakh
Partial permanent disability: ₹1 lakh
Note: “Accidental” refers to death or disability resulting solely and directly from an accident.
Documents required:
PMSBY claim form
Death certificate / Disability certificate
Post-mortem report / FIR / Hospital records
Bank details and nominee’s ID proof
Claims must be submitted to the bank branch where the policy is linked. The bank and insurer verify the documents before releasing the benefit.
If the auto-debit fails due to insufficient balance, the coverage lapses immediately. Subscribers can rejoin the policy by paying the premium before the due date and resubmitting consent. Coverage resumes only after payment.
Nominee details can be updated by submitting a nominee update form to your bank or post office. If the nominee is a minor, an appointee can be designated. Identity proof and account details may be required.
Yes. You can enrol in PMSBY even if you hold other life or accident insurance policies. PMSBY is an independent government-backed scheme.
You can enrol only through **one** bank account. If you enrol through multiple accounts, only one policy will remain valid and the premiums paid for the others will be forfeited.
The minimum age is 18 years and the maximum age is 70 years (as on the annual renewal date).
Total and irreversible loss of both eyes or limbs: ₹2 lakh
Loss of one eye or one limb: ₹1 lakh
All major public sector banks, regional rural banks, and insurance companies registered with IRDAI are authorised to implement PMSBY across India.
Administrator: Department of Financial Services, Ministry of Finance
Master Policy Holder: The respective participating bank for its enrolled customers
Enrolment is open throughout the year. Coverage begins from June 1 of the policy year and renews automatically every year via auto-debit from the linked bank account.
Yes. PMSBY benefits can be claimed independently, even if you are enrolled in other insurance schemes such as PMJJBY or Atal Pension Yojana.
Coverage may terminate due to:
– Attainment of 70 years of age
– Insufficient balance on renewal date
– Closure of linked bank account
– Multiple enrolments
– Fraudulent or false claims
Covered: Accident-related death/disability, including natural calamities.
Not covered: Suicide, intentional self-injury, or criminal acts.
Yes. Each holder of a joint account can enrol separately under PMSBY if they meet the eligibility criteria and provide consent for auto-debit.
Yes. NRIs with an eligible Indian savings bank account may enrol, but claim settlements are made only in Indian Rupees to an Indian bank account.
As of April 2025, PMSBY has over 51.06 crore cumulative enrolments, with ₹3,121.02 crore paid in claims for over 1.57 lakh beneficiaries.
You can cancel PMSBY by submitting a written request to your bank branch or using online banking. Auto-debit will stop from the next policy year.
You can download the PMSBY certificate from your bank’s website/app or from the Jan Suraksha portal by logging in with your bank details.
You can check your PMSBY enrolment status via your bank’s website, the Jan Suraksha portal, or by checking your bank statement for the annual ₹20 premium debit.
The policy is active if the ₹20 premium is debited between May 25–31. If not debited, the policy may have lapsed. You can also verify status on your bank’s app or the Jan Suraksha portal.
If you didn’t receive the certificate, you can download it anytime from your bank’s website/app or the Jan Suraksha portal using your registered details.
Yes. You can update your contact details through your bank branch or via internet banking. Keeping them updated ensures you receive renewal and claim alerts.
Once all documents are submitted and verified by the bank and insurer, claims are typically settled within 30 days. The amount is credited to the nominee’s/beneficiary’s bank account.
