🏦 Bank, insurance & pension · Department of Financial Services
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Accident insurance for just ₹20 a year.
What you get
₹2 lakh accident cover for ₹20 a year
🔗 Direct official links
These open the government website in a new tab. Applying there is free; never pay anyone for a form.
✅ Benefits
- ₹2 lakh on accidental death or total permanent disability.
- ₹1 lakh on partial permanent disability.
- Premium of ₹20 a year, auto-debited from your bank account.
👤 Who can apply
- Age 18 to 70 with a savings bank or post office account.
📄 Documents needed
- Bank / post office account
- Aadhaar (for KYC)
- Nominee details
📝 How to apply
- Enrol at your bank branch, through net banking / mobile app, or at the post office.
- Give consent for auto-debit.
- Renews every year on 1 June.
Benefits in detail
- ₹2 lakh on accidental death or total permanent disability.
- ₹1 lakh on partial permanent disability.
- Premium of ₹20 a year, auto-debited from your bank account.
Who can apply
- Age 18 to 70 with a savings bank or post office account.
Documents needed
- Bank / post office account
- Aadhaar (for KYC)
- Nominee details
How to apply, step by step
- Enrol at your bank branch, through net banking / mobile app, or at the post office.
- Give consent for auto-debit.
- Renews every year on 1 June.
Last checked against the official website: 26 Sept 2026
Amounts and rules can change. The official website is always final. YojanaHelper is an independent guide, not a government website.
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