Pradhan Mantri Suraksha Bima Yojana (PMSBY)
₹2 lakh for accidental death or total disability, for ₹20 a year.
India · Insurance · Checked October 2026
At a glance
- Premium
- ₹20 per year, auto-debited from your account
- Accidental death
- ₹2 lakh
- Total loss of both eyes, or use of both hands or feet
- ₹2 lakh
- Loss of sight in one eye, or use of one hand or foot
- ₹1 lakh
- Cover year
- 1 June to 31 May, renewed every year
- Enrolments
- More than 58.09 crore (as of 29 April 2026)
Who can apply
- Individual bank or post office account holders aged 18 to 70 who consent to auto-debit.
- You can join through one account only.
How to apply
- Ask your bank or post office, or enrol on the Jan Suraksha portal, and give consent for auto-debit.
- Keep a balance in the account around the renewal date so the premium can be debited.
Documents you usually need
- Aadhaar
- Bank or post office account
Things to know
- The scheme pays for accidents only, not for illness.
Frequently asked questions
What is PMSBY?
Pradhan Mantri Suraksha Bima Yojana (PMSBY): ₹2 lakh accident cover for just ₹20 a year.
Who is eligible for PMSBY?
Individual bank or post office account holders aged 18 to 70 who consent to auto-debit. You can join through one account only.
What do you get under PMSBY?
₹2 lakh for accidental death or total disability, for ₹20 a year.
How do I apply for PMSBY?
Ask your bank or post office, or enrol on the Jan Suraksha portal, and give consent for auto-debit. Keep a balance in the account around the renewal date so the premium can be debited.
Read next
Sources
Details checked on October 2026 against:
General information from official sources, not legal or financial advice. SaveItIndia is not a government website. Schemes change, so confirm amounts, dates and eligibility on the official portal or with your bank before you apply.