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Pradhan Mantri Suraksha Bima Yojana (PMSBY) 2026: ₹20 Premium for ₹2 Lakh Accident Cover, Eligibility & Apply Online

Apply online, check eligibility, required documents, benefits, application process, beneficiary list and all important details about Pradhan Mantri Suraksha Bima Yojana (PMSBY) 2026: ₹20 Premium for ₹2 Lakh Accident Cover, Eligibility & Apply Online.

Last Updated: 27 Aug 2026 By Read Time: 5 min

Quick Overview

Scheme Name
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Ministry
Dept of Financial Services, Ministry of Finance
Premium
₹20 per annum (auto-debit)
Accident Cover
Up to ₹2 lakh
Age Eligibility
18 to 70 years
Coverage Period
1 June to 31 May (annual)
Application Mode
Bank Branch / Net Banking / jansuraksha.gov.in
Current Status
Active
Total Enrolment
50.54 crore (as of March 2025)
Official Portal
jansuraksha.gov.in

What is Pradhan Mantri Suraksha Bima Yojana?

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a Government of India one-year renewable personal accident insurance scheme. Launched under the Jan Suraksha umbrella, it offers protection against death or disability caused solely by accidents. The scheme is administered by Public Sector General Insurance Companies (PSGICs) and other general insurance companies in collaboration with participating banks and post offices.

For just ₹20 per year, subscribers get up to ₹2 lakh of accident cover. The premium is auto-debited from the subscriber's savings bank or post office account. The cover runs from 1 June to 31 May each year and renews automatically as long as the account has sufficient balance. Over 50.54 crore individuals have enrolled since launch, making it one of the world's largest micro-insurance schemes.

Benefits Under PMSBY

The scheme provides the following benefits in case of death or permanent disability due to an accident:

Accidental Death₹2 lakh paid to nominee or legal heirs
Permanent Total Disability₹2 lakh — loss of both eyes, both hands, both feet, or sight of one eye with use of one hand/foot
Permanent Partial Disability₹1 lakh — loss of sight of one eye, or loss of use of one hand or one foot
Annual Premium₹20 per member (auto-debited from account)
Coverage Period1 June to 31 May (one year)
Medical ExaminationNot required
Other InsuranceCan hold PMSBY in addition to any other insurance policy

Eligibility Criteria

Applicants who meet the following conditions may be eligible:

Account TypeIndividual savings bank or post office account (single or joint)
Age18 to 70 years (age nearer birthday)
Auto-Debit ConsentMust give consent for auto-debit of ₹20 premium
One Account RuleCan join through one bank/post office account only
NRIsEligible if holding eligible Indian bank account; claims paid in INR
Joint AccountAll holders can join, each paying ₹20 separately

Who Cannot Subscribe

  • Persons below 18 years or above 70 years of age
  • holders of institutional accounts (not eligible)
  • Persons who do not give auto-debit consent
  • Persons joining through more than one account (cover restricted to one, duplicate premium forfeited)

Documents Required

Keep these documents ready before applying:

  • Aadhaar Card (primary KYC for bank account)
  • Savings bank account details
  • Consent-cum-declaration form with auto-debit authorisation
  • Nominee details (name, relationship, bank account)
  • Passport-size photograph (if required by bank)

For Death Claim: Death certificate, evidence that death was accidental (FIR, post-mortem report, panchanama), claimant's KYC and bank account details, PMSBY account details.

For Disability Claim: Disability claim form, disability certificate from Civil Surgeon or authorised government medical officer, medical records establishing accidental injury, member's KYC and bank account details.

How to Apply

You can apply through three ways:

  1. Bank Branch: Visit your bank branch where you hold a savings account. Fill the PMSBY enrolment form and submit with auto-debit consent.
  2. Net Banking: Log in to your bank's net banking portal. Navigate to Insurance or PMSBY section and enrol online.
  3. Jan Suraksha Portal: Visit jansuraksha.gov.in and download the application form. Fill and submit to your bank.

Step-by-Step Process

  1. Visit your bank branch or log in to net banking.
  2. Fill the PMSBY consent-cum-declaration form with nominee details.
  3. Authorise auto-debit of ₹20 from your savings account.
  4. Submit the form (offline) or complete online enrolment.
  5. Receive acknowledgement slip cum certificate of insurance.
  6. Cover starts from 1 June (or date of auto-debit if enrolled after 1 June).

Important Dates

Annual Coverage Period1 June to 31 May
Premium Auto-Debit DateOn or before 1 June each year
Late EnrolmentAllowed on payment of full ₹20 premium; cover starts from auto-debit date
Total Enrolment50.54 crore individuals (as of March 2025)

Important Links

Jan Suraksha Portaljansuraksha.gov.in
PMSBY Enrolment FormDownload Form
DFS Official Websitefinancialservices.gov.in/pmsby

Application Fee

There is no application fee. The only cost is the annual premium of ₹20, which is auto-debited from your savings bank or post office account.

Disclaimer: The information provided on this page is for general purposes only. Please visit the official website for more details.
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