Archive · 26 Jun 2025
Explained: Pradhan Mantri Suraksha Bima Yojana and How to Apply
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is like an insurance plan from the government.
It helps people who may not have much money get financial help if they have an accident.
For just ₹20 each year, you can get money if you are hurt badly or die in an accident.
Anyone aged 18 to 70 who has a bank account can join.
You can sign up at your bank or online.
This plan is part of a bigger plan to help everyone in India have some financial security.
Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accident insurance scheme.
The scheme offers coverage for accidental death or disability.
The annual premium is ₹20.
Anyone between 18 and 70 years with a savings account can apply.
Applications can be made online or offline.
- Who
- Indian working population aged 18-70 with a savings account.
- What
- An accident insurance scheme providing financial protection.
- When
- Launched in 2015.
- Where
- India
- Why
- To provide affordable financial protection.
- Scheme Name
- Pradhan Mantri Suraksha Bima Yojana (PMSBY)
- Coverage
- Accidental death or disability
- Annual Premium
- ₹20
- Eligibility
- 18-70 years old with savings account
- Launched In
- 2015