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Social securityCentral schemeLaunched 2015

PM Suraksha Bima Yojana — ₹2 Lakh Accident Cover

An accident insurance scheme giving ₹2 lakh for accidental death or total permanent disability, and ₹1 lakh for partial permanent disability, for a nominal annual premium.

Administered by Ministry of Finance — Department of Financial Services.

Last updated

Official source last verified 9 August 2026

At a glance

Cover
₹2,00,000 for accidental death or total permanent disability
Partial disability
₹1,00,000
Annual premium
₹20, revised with effect from 1 June 2022
Age
18 to 70
Cover period
1 June to 31 May, renewed annually

Who this scheme is for

  • Anyone aged 18 to 70 with a bank account, particularly workers whose occupation carries physical risk.
  • Households where a disabling injury would remove the main source of income.

Benefits

  • ₹2,00,000 to the nominee on accidental death.
  • ₹2,00,000 for total and irrecoverable loss of both eyes, or both hands or feet, or one eye and one limb.
  • ₹1,00,000 for total and irrecoverable loss of one eye, or one hand or foot.
  • An annual premium low enough that cost is effectively not a barrier.
  • No medical examination required.
  • Can be held alongside PMJJBY — the two cover different risks and do not overlap.

Eligibility

  • Aged between 18 and 70.
  • A savings bank account or post office savings account, with consent for annual auto-debit.
  • Aadhaar is the primary KYC document.
  • Only one policy per person, regardless of how many bank accounts you hold.

Documents required

  • Aadhaar of the applicant
  • A savings bank account or post office savings account
  • A completed consent-cum-declaration form
  • Nominee details

How to apply

  1. Approach the bank or post office where you hold a savings account.
  2. Complete the PMSBY consent-cum-declaration form, or enrol through net banking or your bank’s app where offered.
  3. Provide nominee details in full.
  4. Consent to the annual premium being auto-debited.
  5. Keep the account funded on the debit date — a failed debit means the cover lapses.
  6. Tell your family the policy exists and where the acknowledgement is kept.
Jan Suraksha — jansuraksha.gov.inThe official portal for this scheme.https://jansuraksha.gov.in/(opens the official website in a new tab)

It covers accidents only

This is the distinction that matters and the one most often missed. PMSBY pays on accidental death or accidental disability. It does not pay on death from illness.

PMJJBY, the companion scheme, covers death from any cause. The two are designed to be held together, and between them they cost a small amount each year for ₹2 lakh of life cover plus ₹2 lakh of accident cover.

How a claim is made

  1. The claim must be intimated to the bank branch where the account is held, as soon as possible after the incident.
  2. For accidental death, the nominee submits the claim form with the death certificate, the post-mortem report and the police report — an FIR is normally required, since the death must be established as accidental.
  3. For disability, the claimant submits the claim form with a disability certificate from a civil surgeon or an equivalent authority.
  4. The bank forwards the claim to the insurer administering the scheme.
  5. Keep copies of everything submitted. Accident claims turn on documentation more than most.

Practical points

  • An FIR and post-mortem report are usually essential for an accidental death claim. Families sometimes avoid a post-mortem, which then makes the claim very difficult.
  • Partial disability is defined narrowly — loss of a limb or an eye, not any injury that reduces earning capacity.
  • The cover renews annually from 1 June. Enrolling mid-year still runs to the following 31 May.
  • Holding policies through several banks does not increase the payout.

Frequently asked questions

What is the difference between PMSBY and PMJJBY?
PMSBY covers accidental death and accidental disability, for ₹20 a year. PMJJBY covers death from any cause, for ₹436 a year. They cover different risks and are designed to be held together — most people enrolling in one are eligible for the other.
Does PMSBY pay if I die of an illness?
No. It is an accident policy only. Death from illness is covered by PMJJBY, not by PMSBY. This is the most common misunderstanding about the scheme.
What documents does an accident claim need?
Typically the claim form, the death certificate, a post-mortem report and a police report or FIR establishing that the death was accidental. For disability, a certificate from a civil surgeon or equivalent authority. Families sometimes decline a post-mortem, which makes the claim considerably harder.
Can I hold PMSBY through two banks for double cover?
No. Only one policy per person is valid and the cover does not multiply. Additional premiums debited from other accounts are generally forfeited.

Official sources

Every figure on this page is traceable to the official source below. If a source has changed since the date shown, please tell us and we will correct it.