Accidents strike without warning, and for millions of Indian families a single mishap can wipe out years of savings. The Pradhan Mantri Suraksha Bima Yojana (PMSBY) was built to soften exactly that blow. For just ₹20 a year, this government-backed accident insurance scheme delivers up to ₹2 lakh in cover for accidental death or disability — making it one of the most affordable safety nets available to any bank account holder in the country.
Table of Contents
What Is PMSBYPMSBY PremiumCoverage DurationPMSBY BenefitsEligibility for PMSBYWhen Does the Accident Cover EndHow to Apply for PMSBYContact and HelplineFrequently Asked Questions FAQsWhy PMSBY Is Worth ItThis guide walks you through everything you need to know: premium, coverage, eligibility, benefits, the step-by-step application process, and answers to the most common questions people ask before enrolling.What Is PMSBY?PMSBY is an accident insurance scheme that pays out in the event of accidental death or disability. It is a one-year cover, renewable every year, and is administered by Public Sector General Insurance Companies and other general insurers in partnership with participating banks and post offices.Unlike a regular …
