PMSBY 2026: ₹20 Accident Insurance for ₹2 Lakh Cover — Complete Guide

पीएमएसबीवाई 2026: ₹20 में ₹2 लाख का दुर्घटना बीमा

Quick facts: Just ₹20/year premium · ₹2 lakh for accidental death · ₹1 lakh for partial disability · age 18-70 · auto-debit from any savings account · automatic enrolment for E-Shram card holders · portal jansuraksha.gov.in.

The Pradhan Mantri Suraksha Bima Yojana (PMSBY), launched alongside PMJJBY on 9 May 2015, is the cheapest meaningful insurance any Indian can buy — ₹20 per year for ₹2 lakh accidental death cover. To put this in perspective, a cup of tea costs more than your annual PMSBY premium. Yet as of 2026, over 49 crore Indians are enrolled, with 2+ lakh claims settled since launch.

PMSBY में क्या मिलता है — What’s Covered

Event	Payout
Accidental death	₹2,00,000 to nominee
Permanent total disability (loss of both eyes / both limbs / one eye and one limb)	₹2,00,000
Permanent partial disability (loss of one eye / one limb)	₹1,00,000
Natural death	Not covered (use PMJJBY for that)

What counts as “accident”

• Road accidents, drowning, falls, burns, electrocution, machinery accidents
• Murder / homicide (if declared accidental and police report confirms)
• Death due to snake bite, animal attack, lightning

What’s NOT covered

• Natural death (disease, heart attack, old age) — use PMJJBY
• Suicide / self-inflicted injury
• Death during participation in hazardous activities (professional racing, mountaineering)
• Death due to drug abuse / alcoholism
• Death during war, riots (with some state exceptions)
• Pre-existing terminal disease causing accidental-looking death

पात्रता — Who Qualifies

• Indian citizen aged 18-70 years at enrolment
• Active savings bank account
• Aadhaar linked to the account
• Self-declaration of good health at enrolment

Automatic enrolment scenarios

• E-Shram card holders: enrolled automatically at zero premium (Government pays the ₹20/year)
• Some PSU bank accounts: opened post-2018 may auto-enroll; check your bank statement

Cover continues till age 70

Renewal is annual until age 70; after that, coverage ends automatically.

कैसे enrol करें — How to Enrol

Option 1: Net banking (1-click enrolment)

Most major Indian banks (SBI, HDFC, ICICI, PNB, BoB, Axis, Canara, Union, etc.) have a single-click PMSBY enrolment in their mobile apps:

1. Log in → search “PMSBY” or “Suraksha Bima”
2. Confirm name, DOB, nominee
3. Accept auto-debit of ₹20/year
4. Done — enrolment confirmation by SMS immediately

Option 2: Branch

1. Visit bank with Aadhaar + savings account details
2. Fill the PMSBY Consent-cum-Declaration form
3. Add nominee details (critical)
4. Submit → ₹20 debited

Option 3: Bank Mitra / Business Correspondent

Rural and semi-urban — enroll on the spot with biometric.

Option 4: E-Shram auto-enrolment

If you have an E-Shram Card, PMSBY is enrolled automatically as part of your card — Government pays the ₹20 on your behalf. Check your E-Shram profile to confirm.

Premium and Renewal

• Annual premium: ₹20 (auto-debited on 1 June each year)
• Bank account must have ₹20+ on 1 June
• If debit fails, cover lapses for 30 days; pay manually to restore
• Beyond 30 days → re-enrol with fresh health declaration

Practical tip: leave a minimum ₹500 balance in your account year-round. Between PMSBY (₹20) + PMJJBY (₹436) = ₹456 gets debited on 1 June every year for ₹4 lakh combined insurance cover.

Claim Process — Step-by-Step

Step 1: Immediate (within 30 days of accident)

Nominee informs the bank where the PMSBY is enrolled. The bank is the single point of contact.

Step 2: Documents needed

• Original death certificate (from Municipal Corporation/Gram Panchayat)
• Copy of FIR (police first information report)
• Post-mortem report (for accidental death)
• Nominee’s ID proof + bank account details
• Claim form (available at bank or jansuraksha.gov.in)
• Original PMSBY enrolment confirmation (if available)

Step 3: Bank submits to insurance partner

Claim is forwarded to the partner insurance company (typically a GIC subsidiary like New India, National, United, Oriental).

Step 4: Verification

• Document check (15-30 days)
• Independent investigator may visit the family
• Medical / police report cross-verification

Step 5: Payout

• Accidental death claim: ₹2 lakh credited to nominee’s bank in 75-90 days
• Partial disability: ₹1 lakh, after 90-120 days (requires medical board certification)

PMSBY claim-settlement ratio: 96%+ as of 2026.

Disability Claim — Partial Disability Process

For partial disability (not death):

1. Obtain medical board certificate within 12 months of accident
2. Certificate must specify exact disability + percentage
3. Submit to bank with claim form + FIR + hospital records
4. Bank forwards to insurance company
5. Medical verification → payout ₹1 lakh (partial) or ₹2 lakh (total)

हेल्पलाइन — Official Helpline

Service	Number
Jan Suraksha Helpline	1800-110-001
Alt	1800-180-1111
Bank	customer care
Portal	https://www.jansuraksha.gov.in

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Related guides on LabhKosh

• PMJJBY ₹436 Life Insurance
• Jan Dhan Yojana Zero-Balance Account
• E-Shram Card Apply
• Ayushman Bharat Card Apply

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Last verified: 20 April 2026. Official source: https://www.jansuraksha.gov.in

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