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All India · InsuranceAlso known as: PM Suraksha Bima Yojana · PM Suraksha Bima Scheme · Pradhan Mantri Suraksha Bima Yojana · PMSBY · ₹20 Accident Insurance · पीएम सुरक्षा बीमा योजना
Very cheap accident insurance (₹20/year) that pays up to ₹2 lakh in case of accidental death or disability.
| Scheme | PM Suraksha Bima Yojana (PMSBY) |
|---|---|
| For | Insurance |
| Where | All India |
| Department | Ministry of Finance |
| How to apply | Online |
| Info checked | 2026-10-17 |
In short — check the official website for the full rules.
Apply online on the official government website (link below).
📞 The bank branch where your savings account is.
Steps reviewed October 2026 — processes can change, confirm on the official portal.
Age 18 to 70. Has a savings bank or post office account. Premium just ₹20 a year, auto-debited.
₹2 lakh accident insurance · Only ₹20/year premium
Aadhaar Card, Savings Bank Account.
Apply online on the official website: https://financialservices.gov.in/pradhan-mantri-suraksha-bima-yojana-pmsby
Check your bank passbook / statement for the yearly premium debit (around the end of May) — that means your cover is active. Cover runs from 1 June to 31 May and renews by auto-debit from your savings account. Your bank branch can confirm your enrolment and nominee.
To claim, the nominee / insured submits the claim form with the required documents (such as FIR / post-mortem report for an accident death, or disability certificate) at the bank branch. Claim forms are on jansuraksha.gov.in and at the bank. No balance at renewal time means no premium was debited and the cover lapsed — keep balance in May. The bank branch where your savings account is.
Answer a few simple questions on YojanaSahay — it tells you free of cost which schemes you qualify for, with the documents for each.
Official link last checked: 2026-10-17