PM Suraksha Bima Yojana 2025: Apply Online, Eligibility & Benefits
The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accident insurance scheme launched to provide financial protection to Indian citizens against accidental death and disability. With a very low annual premium, this scheme aims to ensure social security and peace of mind for economically weaker sections of society. PMSBY is especially beneficial for individuals looking for affordable accident insurance coverage.
Key Highlights of PM Suraksha Bima Yojana
- Scheme Name: Pradhan Mantri Suraksha Bima Yojana (PMSBY)
- Launched By: Ministry of Finance, Government of India
- Objective: Provide accidental death and disability insurance coverage
- Coverage Amount: Up to INR 2 lakh in case of death or full disability
- Annual Premium: INR 12 only
- Mode of Payment: Auto-debit from savings bank account
- Target Group: Indian citizens aged 18–70 years
- Application Mode: Online and offline through banks
Eligibility Criteria for PMSBY 2025
Applicants must fulfill the following criteria to enroll in the scheme:
- Must be an Indian citizen.
- Age should be between 18 and 70 years.
- Must have a savings bank account to facilitate auto-debit of the premium.
- Should not have any previous disqualifications as per the insurance provider.
- Renewal is mandatory each year for continuous coverage.
Documents Required for PMSBY Application
The following documents are needed to enroll in the PMSBY scheme:
- Bank account details (for auto-debit)
- Identity proof (Aadhar Card, PAN, Voter ID, Passport)
- Address proof (Aadhar Card, Ration Card, Utility Bill)
- Mobile number (for notifications and updates)
- Passport-sized photograph (if applying offline)
Benefits of PM Suraksha Bima Yojana
PMSBY provides financial support and security in case of unfortunate accidents. Key benefits include:
- Coverage of up to INR 2 lakh for accidental death or full disability.
- Coverage of up to INR 1 lakh for partial permanent disability.
- Affordable annual premium of INR 12.
- Easy enrollment through bank accounts.
- Renewable every year to maintain continuous protection.
- Instant financial assistance to the family in case of an accident.
How to Apply Online for PMSBY
Applicants can enroll online through net banking or by visiting their bank branch. Follow these steps:
- Visit your bank’s net banking portal or mobile banking app.
- Navigate to the insurance or PMSBY enrollment section.
- Fill in personal details, bank account information, and nominee details.
- Submit the application and authorize the auto-debit of INR 12 premium.
- Keep the acknowledgment or confirmation for future reference.
PMSBY Premium and Coverage Details
| Type of Coverage | Sum Insured | Premium |
|---|---|---|
| Accidental Death & Full Disability | INR 2,00,000 | INR 12 per year |
| Partial Permanent Disability | INR 1,00,000 | INR 12 per year |
FAQs About PM Suraksha Bima Yojana
1. Who can enroll in PMSBY?
Any Indian citizen aged 18–70 years with a savings bank account can enroll.
2. How much premium do I need to pay?
The annual premium is just INR 12, auto-debited from the bank account.
3. What is the coverage of PMSBY?
The scheme provides up to INR 2 lakh for accidental death or full disability and INR 1 lakh for partial permanent disability.
4. Can I renew the policy every year?
Yes, renewal is required annually for continuous coverage.
5. How do I claim the insurance benefit?
In case of an accident, the claim can be filed through your bank or insurance company by submitting the required documents such as FIR, medical reports, and death/disability certificate.
Conclusion
The PM Suraksha Bima Yojana is one of the most affordable and widely accessible accident insurance schemes in India. With a nominal annual premium, it provides substantial financial protection to individuals and their families in case of accidental death or disability. Citizens are highly encouraged to enroll in PMSBY to ensure safety, security, and peace of mind for themselves and their loved ones.
