Pradhan Mantri Suraksha Bima Yojana (PMSBY) offers ₹2 lakh accident insurance cover for only ₹20 annual premium auto-debited from your savings bank account. Over 35 crore Indians have enrolled through 30+ participating banks and post offices, making it one of the world’s largest micro-insurance schemes.
This 2025 guide covers eligibility, step-by-step enrollment, documents needed, renewal process, claim procedure, and important tips to ensure your family receives benefits during accidents.
PMSBY Coverage and Benefits
PMSBY provides accident insurance through participating banks:
Accidental death: ₹2,00,000
Permanent total disability (loss of both eyes/hands/feet): ₹2,00,000
Permanent partial disability (loss of one eye/hand/foot): ₹1,00,000
Key features include ₹20 yearly premium, coverage for ages 18-70 years, one-year tenure from June 1 to May 31, and direct bank transfer claims averaging 30 days.
Note: PMSBY covers only accidents. Natural death or illness is not included.
Who Can Apply for PMSBY?
Eligibility is simple:
Indian citizens aged 18-70 years
Savings or current account in participating bank/post office
Consent for ₹20 annual auto-debit
Only one PMSBY enrollment per person allowed
Participating institutions include SBI, PNB, Canara Bank, Bank of India, Union Bank, Indian Bank, Federal Bank, and 25+ other banks plus post offices.
No income proof, medical tests, or extra documents needed beyond basic bank KYC.
Documents Required
Keep these ready:
Bank account number and IFSC code
Aadhaar/PAN (if KYC incomplete)
Nominee details: name, date of birth, relationship, address, mobile number
Self-attested signature or thumb impression on consent form
For future claims:
Death claims need FIR, post-mortem report, death certificate, nominee bank details
Disability claims require medical certificate from government doctor, hospital records
Method 1: Online Application via Internet Banking/Mobile App (Fastest)
Most banks offer PMSBY enrollment in 2 minutes:
Log into your bank’s internet banking or mobile app
Navigate to Insurance > Government Schemes > PMSBY (or search “PMSBY”)
Select savings account for auto-debit
Verify or update name, date of birth, nominee details
Accept terms and submit
Get instant confirmation and downloadable certificate
₹20 auto-debits during next renewal cycle
UMANG app users can also enroll via UMANG > Schemes > PMSBY > Bank Account > OTP verification.
Method 2: Offline Application at Bank Branch or Post Office
