Government scheme · Ages 18–70 with a bank account
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
PMSBY is a low-cost accident insurance scheme. It pays out for death or disability caused by an accident.
Visit official websiteWho can apply
- Ages 18 to 70, with a savings bank or post office account
- Consent for auto-debit of the yearly premium
Key features
- ₹2 lakh for accidental death or total permanent disability
- ₹1 lakh for partial permanent disability
- Premium of ₹20 a year, auto-debited
- Cover runs from 1 June to 31 May and is renewed every year
How to apply
- Enrol through your bank’s net banking or mobile app, your bank branch or post office
- Forms are also available on the Jan Suraksha portal
Want wider cover for your family?
Add a health insurance policy from Care Health Insurance through the Bachatt app, and manage your policy and claims in one place.
Frequently asked questions
Can I have both PMSBY and PMJJBY?+
Yes. PMSBY covers accidents and PMJJBY covers death from any cause; you can enrol in both.
More government insurance schemes
PM-JAYEligible low-income familiesAyushman Vay VandanaSenior citizens 70+PMJJBYAges 18–50 with a bank account
See all government insurance schemes This page is for information only. Bachatt is not affiliated with this scheme; the scheme name belongs to the Government of India and its agencies. Limits, rates and eligibility change from time to time — always check the official website before you apply.