Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Department of Financial Services, Ministry of Finance
Pradhan Mantri Suraksha Bima Yojana covers accidental death or total disability with Rs 2 lakh, and partial disability with Rs 1 lakh, for an annual premium of Rs 20. Indian residents aged 18 to 70 with a savings account can enrol through their bank with auto debit consent.
Key facts
- Nodal ministry
- Department of Financial Services, Ministry of Finance
- Level
- Central
- Launched
- 2015
- Last date
- Open all year for enrolment. Policy year runs 1 June to 31 May and renews on payment.
- Helpline
- 1800-180-1111
What you get
Accidental death or permanent total disability cover of Rs 2 lakh, and Rs 1 lakh for permanent partial disability, for an annual premium of Rs 20, auto debited from the linked bank account.
Who is eligible
Indian residents aged 18 to 70 years with a savings bank account who give consent for auto debit.
Documents you need
Aadhaar card, bank account or passbook, consent cum declaration form, nominee details
How to apply
Approach your bank branch or use net banking or the mobile banking app to submit the PMSBY consent form. Authorise annual auto debit of the Rs 20 premium by 31 May each year.
Frequently asked questions
What is the PMSBY premium?
The annual premium is Rs 20, auto debited from the subscriber's linked savings bank account by 31 May each year.
Who is eligible for PMSBY?
Indian residents aged 18 to 70 years with a savings bank account who give consent for annual auto debit of the premium.
What does PMSBY cover?
PMSBY pays Rs 2 lakh for accidental death or permanent total disability, and Rs 1 lakh for permanent partial disability.
How do I enrol in PMSBY?
Submit a consent form at your bank branch, or enrol through net banking or your bank's mobile app, authorising annual auto debit of the premium.
What is the PMSBY and PMJJBY helpline?
Subscribers can call 1800-180-1111 for queries on PMSBY and PMJJBY enrolment and claims.