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Launched in 2015 by the Government of India, the Pradhan Mantri Suraksha Bima Yojana is a health insurance scheme meant for all residents in the age bracket of 18 to 70. It can be availed by anyone possessing an active bank account.

You can purchase this scheme at a nominal fee of Rs. 12 
and can avail of coverage of up to Rs.2 Lakhs. The policy will be in effect on purchase from the 1st of June to the 31st of May of the following year. You have the option to renew your policy annually.

Features of the PMSBY Scheme

Here are the key features of the PMSBY scheme.


  • Nominal amount of ₹12

  • Accidental Death Benefit

  • Linked savings bank account for auto-debiting of premiums

  • Long-term policy tenure and one-year policy options

  • Simple exit and entry measures

  • Tax Benefits

How to Enrol Pradhan Mantri Suraksha Bima Yojana?

You can approach your local bank branch to subscribe to the PMSBY scheme. A bank account is a must as the premium gets auto-debited every month. In partnership with banks, Bajaj Allianz Health Insurance is one of the few insurance companies that offer services under this scheme.


The application form can also be downloaded from the government’s Jansuraksha website ( and is available in multiple languages.


You can register for the PMSBY policy via the internet banking facility of your respective bank. It can also be done by sending a message to the onboarding organisation’s toll-free number.

Activate the Policy Using the SMS Facility

  1. Receive activation SMS

  2. Reply to the message with ‘PMSBY Y’

  3. Save the acknowledgement receipt

The bank will proceed to manage and verify the information from its end

Activate the Policy Using the Internet Banking Facility 

  1. Log in to the respective internet banking account

  2. Click on insurance

  3. Choose the account to be linked for paying the premiums

  4. Check the details and confirm

  5. Download the receipt and note down the reference number


Note: The bank will obtain nominee details such as their relationship with the insured, date of birth, etc., from the savings account. However, if this information is unavailable, the insured must visit the bank and provide the requested details.

Benefits of PMSBY Scheme

Given below are the major benefits of the PMSBY scheme.


  • This health insurance policy offers accidental insurance coverage without spending a lot of money

  • The policy offers secured processing and continuous coverage

  • The insured gets the flexibility to either continue or discontinue the plan as per their wish

  • The premiums paid towards the plan can be claimed for tax deductions under Section 80C of the old income tax regime. Also, the sum of up to ₹1 Lakh received by the beneficiaries is non-taxable under Section 10(10D) of the Income Tax Act, 1961

Coverage of Pradhan Mantri Suraksha Bima Yojana

The PMSBY policy offers the following coverage in case of unforeseen medical perils.

An accident leading to the insured’s demise

₹2 Lakhs, given to the beneficiaries of the policy

Permanent total disability

₹2 Lakhs

Permanent partial disability

₹1 Lakh

What is Not Covered Under Pradhan Mantri Suraksha Bima Yojana?

As explained earlier, the PMSBY policy is solely an accident and disability insurance cover. A few limitations when it comes to the cause of the death and nature of the disability are as follows.


  • The policy does not cover death due to suicide

  • Non-permanent disabilities (that is, partial disabilities without irrecoverable loss) are not covered

Eligibility Criteria of Pradhan Mantri Suraksha Bima Yojana

The applicant should fulfil the following eligibility criteria to apply for PMSBY.


  • Any person in the age group of 18 to 70 years with a savings account

  • Aadhaar Card must be furnished as a primary KYC document

  • If the Aadhaar Card is not linked to the savings bank account, a copy of the same should be attached to the PMSBY application form

  • The applicant can join the scheme only through a single bank account

  • In the case of a joint account, all account holders can join the scheme

  • If the applicant is a Non-Resident Indian (NRI), although eligible, the claim benefit will be paid to the insured/nominee in Rupees

List of Banks Providing the PMSBY Scheme

Following is the list of banks that offer the PMSBY scheme enrollment at their branches.

Bank Names

Allahabad Bank

Corporation Bank

Karur Vysya Bank Ltd

State Bank of India

Andhra Bank

Dena Bank

Kotak Mahindra Bank Ltd

State Bank of Mysore

Axis Bank

Federal Bank Ltd

Lakshmi Vilas Bank

State Bank of Patiala

Bank of Baroda

HDFC Bank Ltd

Oriental Bank of Commerce

State Bank of Travancore

Bank of India

ICICI Bank Ltd

Punjab & Sind Bank

Syndicate Bank

Bank of Maharashtra

IDBI Bank Ltd

Punjab National Bank

UCO Bank

Bhartiya Mahila Bank

Indian Bank

Ratnakar Bank Ltd

Union Bank of India

Canara Bank

Indian Overseas Bank

South Indian Bank Ltd

United Bank of India

Central Bank of India

Indusind Bank Ltd

State Bank of Bikaner & Jaipur

Vijaya Bank

City Union Bank Ltd

Jammu & Kashmir Bank Ltd

State Bank of Hyderabad

Yes Bank Ltd

How to Renew Pradhan Mantri Suraksha Bima Yojana

You can enable the auto-debit facility of paying the premium amount to auto-renew the policy. Once this amount is debited from your associated bank, the policy will automatically renew. The PMSBY scheme can be renewed annually and has a duration of 1st of June to 31st of May. It is advisable to renew the plan before the end of May.

PMSBY Premium

Much like any government-initiated scheme, PMSBY is available to Indian citizens for a nominal price of ₹12 per year. This amount is deducted directly from the linked savings bank account of the insured on an annual basis. The premium is deducted on or before the 1st of June each year.

Claim Process of Pradhan Mantri Suraksha Bima Yojana

The claim process of PMSBY is completed in 5 easy steps.


  • Step 1: Inform the bank about the accident

  • Step 2: Submit the PMSBY claim form, obtained from the designated bank or the insurance company’s website, to the bank along with an FIR

  • Step 3: The bank will verify the documents and details, after which the case is forwarded to the insurance company within 30 days of claim submission

  • Step 4: After confirmation of the insured's name in the list of insured persons in the master policy, the claim is processed within 30 days of receiving the documents from the bank

The claim amount is then deposited into the nominee/insured’s account. If a nominee is not appointed, the amount is transferred to the legal heir after the insured's death. However, the legal heir has to submit the succession certificate. The maximum time allotted to the bank to finish the claim procedure is 30 days.

Documents Required for Pradhan Mantri Suraksha Bima Yojana

To enrol under PMSBY, you might need the following documents. 


  • PMSBY Application Form: The insured has to fill out the PMSBY form, which is available in most Indian official languages. The details in the form include the insured’s name, Aadhaar card number, contact information, and nominee details.

  • Aadhaar Card: Ideally, the insured’s savings bank account should be linked to his/her Aadhaar card. If it is not linked, the insured must submit a copy of this card with the PMSBY application form.

How to Check PMSBY Application Status?

The steps below will help you check the PMSBY’s application status:


  1. Visit your bank’s official website

  2. Log in to the internet banking portal

  3. Visit the appropriate PMSBY section

  4. Enter your account number

  5. Enter the PMSBY application number

  6. Click ‘Submit’

  7. The application status will be displayed on the screen

Conditions for Termination of Pradhan Mantri Suraksha Bima Yojana

The insurance cover will be terminated under the following circumstances.


  • Once you attain 70 years of age

  • If you do not have a minimum balance in your savings account to pay the premium, i.e. ₹12 per annum

  • If you have multiple accounts, the insurance premium amount will be auto-debited from one account, and the extra premium will be forfeited

  • If the auto-debit transaction for the premium price fails

  • If the insurance cover is terminated due to technical reasons or insufficient balance, it can be reinstated after the premium is paid in full

Pradhan Mantri Jeevan Jyoti Bima Yojana vs. PMSBY

Check out the table below to find out the differences between Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY) and Pradhan Mantri Suraksha Bima Yojna (PMSBY).





The PMJJBY scheme offers coverage for the policyholder, in case of sudden death.

The PMSBY scheme provides coverage for accidental death or disability.

Scheme Type

PMJJBY is a type of life insurance scheme.

PMSBY is a type of accidental insurance scheme.

Age of Beneficiaries

18-50 years

18-70 years

Annual Premium

The annual premium rate for an individual is ₹330

The annual premium rate for an individual is ₹12

Scheme Extension 

One can extend the premium payment period, which means the age of the beneficiaries is expandable up to 55 years.

There is no possibility for an extension in the PMSBY scheme.

Key Benefits 

Government offers ₹2 Lakhs compensation, in situations of the death of the beneficiary.

Government offers ₹2 Lakhs compensation for accidental death and ₹1 Lakh disability caused to the beneficiary.

PMSBY Customer Care Numbers


Toll-Free Customer Care Number

Andaman and Nicobar Island


Andhra Pradesh


Arunachal Pradesh










Dadra and Nagar Haveli


Daman and Diu










Himachal Pradesh










Madhya Pradesh
























Tamil Nadu


Uttar Pradesh

1800-102-4455 or 1800-223-344



West Bengal and Tripura


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What is total disability?

Complete loss of vision from both eyes or one eye, loss of two hands/feet, or any one hand or foot comes under total disability.

How is the premium apportioned?

Here’s how the premium adds up to ₹12.

  • Insurance premium to the public sector or other general insurance companies - ₹10 p.a. 

  • Reimbursement of expenses to the agent - ₹1 p.a. 

  • Reimbursement of administrative expenses to the participating banks - ₹1 p.a.

How many master policyholders does the PMSBY scheme have?

There are over 28 participating banks that are the master policyholders under the PMSBY scheme.

What is the type of insurance coverage offered?

It is an accident insurance coverage for death, total disability, or partial disability.

Is there a toll-free number for the PMSBY scheme?

You can call 1800-180-1111 or 1800-110-001 for any queries.

If I suffer partial disability due to an accident will I get any benefits?

Yes. The beneficiary can claim a compensation of ₹1 Lakh in case of any partial disability caused by an accident.

If I have another insurance policy then can I get any benefits?

The beneficiaries can have multiple accident insurance policies and still enjoy the benefits of the Pradhan Mantri Suraksha Bima Yojna scheme.

Can an NRI subscribe to the PMSBY scheme?

The non-residents of India can become the beneficiary of the PMSBY if they hold a bank account in India and meet other eligibility parameters. However, the compensation amount will be released in Indian currency.

Can hospitalisation expenses be reimbursed under the PMSBY scheme?

No, hospitalisation expenses are not reimbursed under the PMSBY scheme.

What is the maximum age to subscribe to the PMSBY Scheme?

The maximum age to subscribe to PMSBY is 70 years.

Does PMSBY cover natural death?

No. Since the Pradhan Mantri Suraksha Bima Yojana is an accidental insurance scheme it covers death or permanent disability caused due to accidents. However, death due to natural causes like heart attacks are not covered under the policy. 

Can we claim PMSBY after 30 days?

No. As per PMSBY Scheme, the claim form needs to be submitted by the beneficiary within 30 days of the accident. The beneficiary also needs to submit copies of the FIR, post-mortem report, death/disability certificate, and discharge certificate (if applicable). 

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