Pradhan Mantri Suraksha Bima Yojana

The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a Government of India accident insurance scheme that provides affordable financial protection against accidental death and disability. The scheme offers accidental insurance coverage of ₹2 lakh for death or total permanent disability and ₹1 lakh for partial permanent disability due to an accident. It is a one-year renewable scheme available to eligible savings bank account holders.

Eligibility

1. Applicant must be an Indian citizen.

2. Applicant must be 18 to 70 years of age.

3. Applicant must have an active savings bank or post office savings account.

4. Aadhaar should be linked to the bank account as the primary KYC document.

5. The applicant must consent to auto-debit of the annual premium from the bank account.

Mandatory Documents

1. Aadhaar Card

2. Passport-size Photograph

3. Identity Proof

4. Address Proof

5. Mobile Number

6. Bank Account Details

Supporting Documents

As required by the issuing authority.

Processing Time

1–7 Working Days
(Subject to verification by the participating bank or insurance provider.)

Government Fee

No Government Fee

Terms & Conditions

The applicant must provide accurate and genuine information.
Enrollment is subject to eligibility and successful premium deduction.
The annual premium is automatically debited from the registered savings account.
Coverage is valid for one year and must be renewed annually.
Claims are processed according to the scheme guidelines and insurance policy terms.
Submission of false information or forged documents may lead to rejection of the application or claim and may attract legal action.
The scheme is governed by the rules and guidelines issued by the Government of India from time to time.

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