Archive · 2 Jun 2025
PMSBY Marks 10 Years: Over 50 Crore Enrolled
Imagine a special program called PMSBY that helps protect people if they have an accident.
It's like a safety net for people in India.
For a small yearly fee, people can get money to help them if something bad happens.
The program started 10 years ago, and lots of people, especially from the countryside and those with less money, have signed up.
More than 50 crore people have joined.
Women are joining in bigger numbers, and lots of claims have been paid out to help those who needed it.
The government and banks work together to make sure everyone knows about it.
Pradhan Mantri Suraksha Bima Yojana (PMSBY) completed 10 years since its launch on May 9, 2015.
The scheme provides accident insurance cover of ₹2 lakh for ₹20 annual premium.
Over 50 crore individuals have enrolled in PMSBY.
Women's participation in the recent phase rose to 53.68%.
The scheme has settled over 1.56 lakh claims, with payouts totaling ₹3,106.58 crore.
- Who
- Over 50 crore individuals enrolled; Available to those aged 18-70 with bank accounts.
- What
- Low-cost accident insurance scheme.
- When
- Launched May 9, 2015; Reached 10-year milestone.
- Where
- India
- Why
- To provide financial protection through accident insurance.
- Scheme Name
- Pradhan Mantri Suraksha Bima Yojana (PMSBY)
- Launched
- May 9, 2015
- Insurance Cover
- ₹2 lakh
- Annual Premium
- ₹20
- Total Enrollees
- Over 50 crore
- Women Participation (Recent Phase)
- 53.68%
- Claims Settled
- Over 1.56 lakh
- Total Payouts
- ₹3,106.58 crore