What Is Pradhan Mantri Suraksha Bima Yojana? How to Join The Scheme?

Posted By:
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

    The low-cost personal accidental cover, Pradhan Mantri Suraksha Bima Yojana is launched in 2015 to increase the insurance penetration level in the country.


    The Pradhan Mantri Suraksha Bima Yojana offer accidental death, full disability, partial disability cover, etc.

    • Death benefit is up to 2 lakhs
    • Insurance covers up to Rs 2 lakh in case of irrecoverable and total loss of both hands, both eyes or sight or one leg or foot.
    • Rs 1 lakh in case of lost of one leg, hand, foot, eye, or sight.


    Eligibility and premium

    This cover is available to people in the age group 18 to 70 years. The premium only Rs 12 per annum. The premium will be directly auto-debited by the bank from the subscribers' account.The applicant should have a savings bank account and a consent letter for the auto debit facility. Difference Between Pradhan Mantri Suraksha Bima Yojana and Jeevan Jyoti Bima yojana

    How to apply for PMSBY?

    Know how to apply for or join Pradhan Mantri Suraksha Bima Yojana.

    • Download and Fill the Scheme Application/Enrollment Form
    • Fill the following details correctly: 

    (i) Name

    (ii) DOB

    (iii) Your Bank account number

    (iv) Aadhaar Number

    • Attach the copy of Aadhaar card
    • Submit the application
    • Save the acknowledgment slip for future references



    Who offers this scheme?

    The scheme is offered by all public sector general insurance companies. New India Assurance Company, National Insurance Company, The Oriental Insurance Co, and United India Insurance Co, etc. through tie-ups with banks offer PMSBY.  Pradhan Mantri Suraksha Bima Yojana: 8 Must Know Facts


    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more