How to Apply for PM Suraksha Bima Yojana

What is PM Suraksha Bima Yojana?

The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accidental insurance scheme in India that offers annual coverage of ₹2 lakh for a nominal premium of ₹20. It is designed to support low-income individuals by offering affordable insurance.

The scheme is available through participating banks and is linked to your savings account. It provides coverage against accidental death and disability.

Eligibility and Benefits of PMSBY

Eligibility: Age between 18 to 70 years and a savings bank account
Premium: ₹20 per year (auto-debited)
Coverage: ₹2 lakh for death or full disability, ₹1 lakh for partial disability
Period: Valid for one year, renewable annually
Mode: Apply through banks or online banking apps

How to Apply for PM Suraksha Bima Yojana (Step-by-Step)

Visit your bank's nearest branch or login to online banking.
Ask for the PM Suraksha Bima Yojana enrollment form or go to the insurance section in the app.
Submit the form or agree to the terms online. Ensure your Aadhaar is linked to your bank account.
The premium of ₹20 will be auto-debited from your account annually.
You will receive a confirmation SMS and insurance certificate after successful enrollment.

Most major Indian banks like SBI, HDFC, ICICI, and regional banks support this scheme. Ask your bank representative if you're unsure.

Required Documents

Aadhaar card (for identity verification)
Bank account passbook or details
Filled PMSBY enrollment form (if applying offline)

Frequently Asked Questions (FAQ)

Q1: Can I apply if I have multiple bank accounts?

No. Only one PMSBY policy is allowed per individual, regardless of how many accounts you hold.

Q2: What happens if I close my bank account?

The coverage will lapse. You must have an active savings account with sufficient balance.

Q3: Is PMSBY available in rural India?

Yes. It is widely promoted and accessible via regional banks and Common Service Centres (CSCs).