Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Highly subsidized accidental death and disability insurance offering ₹2 lakh cover for just ₹20 per year.
₹Benefits & Entitlement Breakdown
📊Budget Allocation & Beneficiary Reach
Self-sustaining insurance pool under Department of Financial Services
Official Budget Document ↗44+ Crore cumulative enrollments, 1.5+ Lakh claims settled
As of: 2024-03-31PIB / Official Citation ↗Verified Eligibility Criteria
Must have an individual bank or post office savings account. Age between 18 and 70 years. Auto-debit authorization required. Single policy per individual across all bank accounts.
Required Documents Checklist
- ✓Aadhaar CardMandatory
Primary KYC identity proof.
- ✓Bank Account Passbook / Auto-Debit ConsentMandatory
For automatic annual debit of ₹20.
- ✓Nominee Identity Proof & Bank DetailsMandatory
For claim disbursement in case of accidental demise.
How to Apply
Official Government Application Portal
You will be redirected to the secure official portal: jansuraksha.gov.in
Frequently Asked Questions (Officially Sourced)
Verified answers sourced directly from official circulars, gazettes, and portal FAQs. Never AI-invented.
Does PMSBY cover death due to illness or natural causes?
No. PMSBY exclusively covers accidental death and permanent disability caused by an accident. For death by natural causes, PMJJBY is the applicable scheme.
Source: Official Scheme FAQ ↗What is the maximum age until which coverage is provided under PMSBY?
Cover terminates upon the subscriber attaining the age of 70 years.
Source: Official Scheme FAQ ↗How much is the claim amount for partial permanent disability?
For total and irrecoverable loss of sight of one eye or loss of use of one hand or foot, the sum insured is ₹1,00,000.
Source: Official Scheme FAQ ↗Common Rejection Reasons & Warnings
Age below 18 or above 70 years; insufficient account balance during auto-debit window; multiple policies across different bank accounts.
Editorial Verification & Change Log
| Date | Field | Description / Update | Source Citation |
|---|---|---|---|
| 2026-09-16 | initial_verification | Baseline verification of PMSBY guidelines and revised ₹20 premium rate. | Official Source ↗ |
Application Window & Deadlines
Annual renewal window in May; enrollment open throughout the year
Related Welfare Programs
Clean cooking fuel initiative providing deposit-free LPG connections with a free first refill and stove to adult women from poor households.
Affordable government-backed one-year renewable life insurance scheme offering ₹2 lakh life risk cover on death due to any cause.
Guaranteed pension scheme administered by PFRDA for unorganized sector workers offering monthly pensions of ₹1,000 to ₹5,000 from age 60.
Official Helpline & Nodal Offices
Jan Suraksha Division, Department of Financial Services, Ministry of Finance
Jeevan Deep Building, Parliament Street, New Delhi - 110001
Helpline: 1800-180-1111 / 1800-11-0001 (National Jan Suraksha Helpline)
Jurisdiction: National (All-India)Notice a Discrepancy?
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Verification Metadata
Last verified by Eligo researchers on 2026-09-16 against official government documentation.
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