Social WelfareNational SchemeOngoing
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Accident insurance cover of ₹2 lakh for death or permanent disability at just ₹20 per year premium.
Ministry of Finance
What you get
Accidental death and total permanent disability cover of ₹2 lakh. Partial permanent disability cover of ₹1 lakh. Annual premium of only ₹20 (deducted automatically from bank account). Available to all bank account holders aged 18-70 years. Renewable every year. Claim settled by insurance company within 30 days. Available through PSU general insurance companies at all banks.
Who can apply
Any individual between 18 to 70 years of age having a savings bank account.
For: Bank account holders aged 18-70
Age: 18+ to 70 years
- Must have bank account (savings)
- Aadhaar as primary KYC for the bank account
- Auto-debit consent required
Documents required
General
- Savings bank account
- Aadhaar card
- Auto-debit consent form
Scheme code: PMSBY