How to Apply for PMSBY: ₹2 Lakh Accident Insurance for Just ₹20/Year (2025 Complete Guide)

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:

1. Log into your bank’s internet banking or mobile app
2. Navigate to Insurance > Government Schemes > PMSBY (or search “PMSBY”)
3. Select savings account for auto-debit
4. Verify or update name, date of birth, nominee details
5. Accept terms and submit
6. Get instant confirmation and downloadable certificate
7. ₹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

1. Visit your bank branch or post office counter
2. Request PMSBY enrollment form (or download from Jansuraksha website)
3. Fill personal details, nominee information, and auto-debit consent
4. Submit with signature/thumb impression
5. Receive acknowledgement slip
6. Coverage starts next day or renewal cycle

Method 3: Through Bank Mitra/BC Agents or Enrollment Camps

Rural customers can visit Bank Mitra outlets or attend PMJDY/PMSBY camps. Agents help fill forms and collect thumb impressions for instant enrollment.

PMSBY Renewal Process

Coverage runs June 1 to May 31 with annual auto-renewal. Keep ₹50+ balance in May to avoid debit failure. Coverage lapses if:

• Age reaches 70 on policy anniversary
• Linked account closes
• Insufficient balance for premium debit

Mid-year enrollees get coverage from enrollment date to May 31.

How to Check PMSBY Status

• Internet banking: Check Insurance Dashboard > PMSBY status
• Bank branch: Provide account number for certificate
• SMS/email confirmation after enrollment/renewal
• Bank customer care helpline

PMSBY Claim Process (Important for Family)

Notify bank/insurer within 30 days of accident:

1. Download claim form from Jansuraksha website or bank site
2. Submit required documents to bank branch
3. Bank forwards claim to insurer (master policy holder)
4. Approved amount transfers to nominee account in 15-30 days

Claim Helpline: 1800-11-3344 or bank customer care.

PMSBY vs Other Government Schemes

Combine PMSBY + PMJJBY for ₹4 lakh family protection at ₹456/year.

Frequently Asked Questions

• Can I enroll through multiple banks? 
  No, only one PMSBY allowed per person.
  
• What happens if auto-debit fails? 
  Coverage lapses; re-enroll next year.
  
• Is medical test required? 
  No medical tests needed.
  
• Can NRIs apply? 
  Yes, with Indian bank account.
• Pre-existing conditions covered? 
  Yes, if accident causes/worsens disability.

Quick Enrollment Steps

1. Open your bank app > Search “PMSBY”
2. Select savings account > Add nominee details
3. Submit consent form > Get ₹2 lakh coverage instantly

With just ₹20, PMSBY provides essential accident protection for every earning Indian. Share this guide with family members.

Official Resources:

• MyScheme PMSBY Page
• Financial Services PMSBY

Updated December 2025. Verify latest details on your bank’s portal.