Pradhan Mantri Suraksha Bima Yojana(PMSBY)

  • PMSBY or Pradhan Mantri Suraksha Bima Yojana is an Accident Insurance Scheme that offers accidental death and disability cover in case of death or disability due to an accident.
  • Policy Period: Coverage shall be for one year starting from 1st June to 31st May of next year, coverage will be auto renewed every year.
  • Premium: Premium is ₹20 per annum.
  • The scheme is eligible for the resident customers with a Bank account
  • Entry Age in the scheme - 18 to 70 years of age
Risk Coverage

The risk coverage under the scheme is

  • ₹2 lakh for accidental death.
  • ₹1 lakh for disability.