PM Suraksha Bima Yojana (PMSBY)
Accident cover of Rs 2 lakh for about Rs 20 a year
PMSBY is a one-year renewable accident insurance policy for people aged 18 to 70 with a bank account. It pays Rs 2 lakh for accidental death or full disability, and Rs 1 lakh for partial disability. The premium is about Rs 20 a year, deducted automatically from the account. Enrol at your bank or through its app, and renew every year by keeping enough balance in the account.
Rules, amounts and dates can change. Confirm the details on the official portal or at your taluk office before you apply.
At a glance
| Department | Central government schemes |
|---|---|
| Started | 2015 |
| Group | Welfare and food |
Check official sources
Eligibility, amounts and how to apply change often. Confirm on the official portals or at your taluk office.
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