Pradhan Mantri Suraksha Bima Yojana (PMSBY): PMSBY Scheme Details, Benefits, How to Apply

01^st Dec 2025...

Published By : Team 811

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The government ran a 2025 village-level Nationwide Financial Inclusion Saturation Campaign to increase PMSBY enrolment in rural areas and Gram Panchayats.
PMSBY has now paid out over ₹3,121 crore across 1.57 lakh claims, showing wide reach and strong performance.

Key Takeaways

PMSBY offers accident insurance of up to ₹2 lakh at a very affordable annual premium of ₹20.
Eligibility requires individuals to be 18 to 70 years old and have a savings account with a bank or post office.
Coverage includes ₹2 lakh for accidental death or total permanent disability, with lower payouts for partial disability.
Enrollment can be done easily online or offline through banks, post offices, JanSuraksha portals, or the UMANG app.
Premiums are paid automatically every year through a simple auto-debit facility.

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed, low-cost accident insurance scheme designed to give basic financial protection to people who may not have access to regular commercial accident policies. It aims to reduce the financial shock to families if the account holder suffers accidental death or disability. The PMSBY scheme details are implemented through participating banks, post offices and insurance companies.

What is Pradhan Mantri Suraksha Bima Yojana (PMSBY)

PMSBY is a one-year, renewable personal accident insurance scheme. On payment of a small annual premium, the subscriber receives specified lump-sum payouts in the event of accidental death, total permanent disability or partial permanent disability.

PMSBY gives low-cost accident insurance to anyone with a bank or post-office account. If an accident leads to death or disability, the scheme provides a fixed payout to support the person or their family.

Who Does PMSBY Benefit

PMSBY benefits people by offering financial help if an accident causes death or serious disability. The nominee gets ₹2 lakh if the subscriber passes away due to an accident. They can also receive ₹2 lakh if the accident leads to a permanent disability that stops them from using key parts of their body. For less severe but still permanent disabilities, the payout is ₹1 lakh. The scheme mainly helps low and middle-income individuals with savings accounts, along with both rural and urban depositors who may not have separate accident insurance.

Key Features & Benefits of PMSBY

The Pradhan Mantri Suraksha Bima Yojana (PMSBY) offers basic accident insurance at a very low cost, making protection accessible for everyone. The features include:

It is a very affordable scheme with a yearly premium of just ₹20.
It gives accident insurance coverage of up to ₹2 lakh for accidental death or total permanent disability.
For partial permanent disability, the payout is lower as per the latest rules.
Joining is easy. You only need to give consent for auto-debit from your savings account, and your bank or post office will enrol you.
The scheme is for one year, but can be renewed every year by ensuring the premium is auto-debited.

Kotak811 offers a 811 Zero-Balance Digital Savings Account that makes it easy to open and manage your account from home. This helps you keep your PMSBY enrolment active and receive updates. For any help with PMSBY-related steps, you can reach out to Kotak811.

PMSBY Eligibility Criteria

The applicant must be aged between 18 to 70 years.
The applicant should be a holder of a savings account.
The applicant must be an Indian resident or an NRI with an eligible account.
The applicant must consent to auto-debit the annual premium from the savings account.

Exclusions

PMSBY covers only accidents. Death or disability due to illness, natural causes or non-accidental events is not covered.
Temporary injuries or non-permanent disabilities are not covered.
If you hold multiple savings accounts and premiums are paid under more than one account, only one policy will be considered valid. Other policies will be void and will not be eligible for payout.

Documents Required for PMSBY

The documents required to avail the PMSBY scheme include:

CONSENT-CUM-DECLARATION FORM
Any ONE of the following:
- Aadhaar Card
- Voter ID (EPIC)
- Driving Licence
- PAN Card
- Passport
- MGNREGA Job Card

The documents to be submitted to claim the PMSBY scheme include:

CLAIM-CUM-DISCHARGE FORM within 30 days of the death of the insured member
Proof of permanent disability or death
KYC documents
Medical certificate or disability certificate from the treating doctor
FIR or Accident and police reports
First two pages of the passbook or a bank/post-office account statement showing account details
Proof of the claimant’s relationship to the insured if the claimant is not the registered nominee/appointee
Proof of nominee's death like if the original nominee has passed away, a death certificate for the nominee is required

Application Process of PMSBY

The application process for the PMSBY yojana is possible both online and offline.

1. Registration / Application

Offline: Visit your bank/post-office branch and sign the PMSBY consent form. The bank will enable auto-debit.
Online: For PMSBY apply online, use your bank’s net-banking or the JanSuraksha / UMANG portal where the option is available. Follow the on-screen steps to give auto-debit consent.

2. Verification

The bank/post office will process enrolment and issue an acknowledgement/certificate. Keep the acknowledgement safe.

Check The Status of PMSBY

You can check your PMSBY online through JanSuraksha or UMANG or your internet banking account.

Checking status through JanSuraksha

Go to the JanSuraksha website and open the Find Your Policy page.
Enter details such as your savings account number and date of birth.
From the drop-down menu, select the scheme and then choose your bank.
Click on ‘Submit’ to check the final status.

Checking status through your bank’s internet banking

Log in to your bank’s internet banking account.
Find the section for PMSBY.
Enter the required details.
Submit to view your enrolment status, renewal details and any transaction history.

Checking status via UMANG

Open the UMANG app and search for PMSBY.
Select the Find Your Policy or PMSBY service.
Enter your account number and date of birth, choose your bank, then submit to see policy status.

Benefit Disbursal

Once the insurer accepts the PMSBY claim, the approved amount is sent directly to the bank account of the nominee, appointee or legal heir.
- Accidental death: ₹2,00,000
- Total permanent disability: ₹2,00,000
- Partial permanent disability: ₹1,00,000
If there is no nominee, or if the nominee has passed away earlier, the claim is paid to the legal heirs after they submit the required legal documents.
The bank or insurer checks all documents. The claimant receives an SMS or digital acknowledgement and the claim decision is shared through SMS or official communication.
If the claim is approved, the money is transferred to the mentioned bank account. If it is rejected, the bank informs the claimant of the reason.
Keep your acknowledgement number and copies of all documents safely so you can easily track the claim if needed.

Conclusion

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a low-cost accident insurance scheme for bank and post-office account holders. For just ₹20 a year per member, it gives basic financial support in case of accidental death or disability. You can enrol and claim through your bank and you can do it online through JanSuraksha. Just keep your savings account active and allow auto-debit for the premium.

FAQs

1. Who can join PMSBY?

Anyone aged 18 to 70 with a savings account can join the scheme. You only need to agree to the auto-debit of the yearly premium.

2. What happens if my bank account has a low balance during the premium date?

If there isn’t enough money, your policy may stop for that year. You can restart it by giving consent again and making sure your account has enough balance.

3. What documents are needed to make a claim?

You mainly need the accident report, hospital records, and the death certificate (in case of death). For disability claims, a disability certificate is needed.

4. Can I exit the scheme anytime?

Yes. You can leave the scheme whenever you want by informing your bank.

5. Can I restart the scheme if it stops?

Yes. You can rejoin by giving consent and allowing the bank to deduct the premium again. Your cover will start only after the premium is paid.

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This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empanelled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees, and contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.