Central government scheme · Ministry of Finance (Department of Financial Services)
Pradhan Mantri Suraksha Bima Yojana
Also called PMSBY
Pradhan Mantri Suraksha Bima Yojana is a central scheme run by the Ministry of Finance (Department of Financial Services) that provides a one-year accident insurance cover for accidental death or disability. It is for bank or post office savings account holders aged 18 to 70 years who consent to join and allow the premium of ₹20 a year to be auto-debited. Beneficiaries get ₹2 lakh on accidental death or total and permanent loss of both eyes, hands, or feet, and ₹1 lakh for total and permanent loss of sight of one eye or use of one hand or foot. To apply, visit the bank branch or post office where you hold an account to fill the enrolment form, or use the Jan Suraksha portal.
Written by AI from the official details below.
Who can apply for PMSBY
- Bank or post office savings account holders aged 18 to 70 years.
- You must consent to join and allow the premium to be auto-debited from your account.
- If you have several accounts, you can join through only one of them.
PMSBY benefits
- ₹2 lakh on accidental death.
- ₹2 lakh for total and permanent loss of both eyes, both hands or feet, or one eye and one hand or foot.
- ₹1 lakh for total and permanent loss of sight of one eye or use of one hand or foot.
- Cover runs from 1 June to 31 May and can be renewed each year.
How to apply for PMSBY
- Visit the bank branch or post office where you hold a savings account.
- Fill in the PMSBY enrolment form and give consent for auto-debit.
- The premium of ₹20 a year is auto-debited in one instalment.
- Participating banks also offer enrolment online through the Jan Suraksha portal without visiting a branch.
Where it applies
Every state and union territory. See what else applies near you
Checked
Checked against the sources below on 16 October 2026. Rules change, so confirm on the official site before you apply.
- Three Jan Suraksha Schemes complete 11 years (9 May 2026) · Press Information Bureau
- Pradhan Mantri Suraksha Bima Yojana (PMSBY) · Department of Financial Services, Ministry of Finance
- Jan Suraksha portal · Department of Financial Services, Ministry of Finance
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