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Pradhan Mantri Suraksha Bima Yojana (PMSBY) – An accidental insurance scheme

Published on: May 8, 2015 | Updated on: May 28, 2019

Pradhan Mantri Suraksha Bima Yojana (PMSBY) Image

Prime Minister Narendra Modi has launched another flagship social security scheme Pradhan Mantri Suraksha Bima Yojana (PMSBY) which is an accidental death and disability insurance scheme.
A large part of the Indian population lives in rural areas and most of them are not covered under any kind of social security scheme. A large section of this population has not even gained the benefits of the banking system and most are still unaware of various governmental schemes that are launched from time to time.
To correct this serious anomaly in the lives of ordinary and poor people, the Pradhan Mantri of India launched the PMSBY scheme in Kolkata on 9 May, 2015 along with two other insurance- and pension-related schemes. Such is the seriousness of the government to make these schemes a success that almost the entire senior Cabinet has fanned out to various state capitals and major towns to launch the scheme simultaneously and ensure its successful implementation.

So what makes this scheme stand out from other social security schemes launched by the previous governments?

There are two aspects of PMSBY that make it different in its offering and approach. Firstly, it is the sheer size and depth of inclusion to bring and get covered the maximum number of people under this scheme, which kind of makes it very ambitious and challenging.
Today, if an earning member of a family becomes permanently disabled or dies an accidental death, his or her family faces a life in penury and hardship, with no protection or support from any institution or group. By joining the PMSBY scheme and by paying a nominal premium of Rs. 12/- per person per year, he or she will get an insurance cover for a sum of Rs. 2,00,000/- (two lakh) in case of accidental death or permanent full disability or a sum of Rs. 1,00,000/- (one lakh) in case of partial but permanent disability. The scheme will be valid for a year and it can be renewed every year.
A lot of government social security schemes have not received a very positive response from people due to lack of financial system infrastructure at a nearby location and moreover, the paperwork involved in opening accounts or making claims was too much for them to handle. Even the leakages in the system resulted in large sections remaining excluded from the benefits of these schemes. This has now been largely addressed by the present government that has made extensive use of technology to augment its social scheme delivery and monitor mechanisms. All the payments will be directly credited to the beneficiary’s account with no scope for leakages.

Who is eligible to be covered under PMSBY?

Any person between the age of 18 and 70 with a savings bank account and Aadhaar Card can join the scheme.
A person will need to fill out a simple form mentioning the name of the nominee and linking the Aadhaar Card to the bank account. The person will need to submit the form each year before 1st June to continue the scheme.
With this, the account can be easily activated and the entire premium due will be auto-debited from his or her account. In other words, all a person has to do is to open a bank account and then ensure the availability of at least Rs. 12/- before 1st June of each year to ensure automatic renewal of the scheme. A person has the option to go in for a long-term inclusion under the scheme by instructing the bank to auto-renew the scheme every year.

Who will implement the PMSBY?

All government-sponsored general insurance companies will offer the scheme, while other insurance companies will have the option to join the program delivery by signing-up with banks.

Will I get any tax benefits on joining the scheme?

The entire premium paid by the subscribers will be tax free under Section 80C. Furthermore, all the proceeds received up to Rs. 1,00,000/- (one lakh) will be exempted from tax under Section 10(10D). For all the proceed amounts exceeding Rs. 1,00,000/-, a TDS at the rate of 2% of the total proceeds will apply if Form 15H or Form 15G is not submitted to the insuring agency.

So what made the present government kick start three major social security programs at one go?

The present government led by PM Narendra Modi is going to complete one year in office and has realised that their performance will come under close scrutiny for gap analysis between poll promises and actual deliverables after staying in power for one year.
The government has come under some criticism for not speeding up the government spending, especially in the much needed infrastructure and manufacturing sectors, both of which are tied to various pending bills in the Parliament, including the implementation of Goods and Service Tax (GST) and the vital Land Acquisition Bill. The government is, therefore, keen on not only announcing these social security schemes but also giving it the adequate push that it needs to ensure deeper penetration amongst various sections of people who really need them.
While it is true that the Jan-Dhan Yojana has achieved remarkable milestones in a short period of time in terms of the number of accounts opened, it is also equally true that a lot of these accounts remain with zero or minimal balance, thereby negating the very purpose for which they were opened in the first place.
The PMSBY scheme will take a year for it to be implemented across a wide section of people and next year around this time will be a good time to do a reality check on what was targeted and what had been achieved in terms of actual impact.
Meanwhile, the general mood remains buoyant and hopeful that PM Modi will come out considerably true on his promises of taking India on a path of accelerated development and that the PMSBY scheme will play its part in the overall success of the present government.

Toll free Helpline Numbers

For further information on Pradhan Mantri Suraksha Bima Yojana (PMSBY) , please log onto: www.jansuraksha.gov.in or www.financialservices.gov.in. One can also call the National toll free numbers: 1800 110 001 / 1800 180 1111. StateWise Toll free number are listed in this document – http://www.jansuraksha.gov.in/PDF/STATEWISETOLLFREE.pdf

PMSBY Application Form

The application form can be downloaded from http://www.jansuraksha.gov.in/FORMS-PMSBY.aspx. The forms are available in different languages – English, Hindi, Gujarati, Bangla, Kannada, Odia, Marathi, Telugu and Tamil.


For information on Frequently Asked Questions on Pradhan Mantri Suraksha Bima Yojana (PMSBY) , please log onto: http://www.jansuraksha.gov.in/Files/PMJJBY/ENGLISH/FAQ.pdf.

Post its launch, 8,46,18,155  people have already registered for the scheme as on 2 September 2015.

Gross Enrollment Reported by Banks : 92,688,166  people have already registered for the scheme as on December 21, 2015.

Gross Enrollment Reported by Banks : 94,139,019  people have already registered for the scheme as on April 16, 2016.

As on May 14, 2018, nearly 13.53 crore people had enroled under PMSBY, with almost 1.5 lakh joining it on a weekly basis.

Click here to view Pradhan Mantri Suraksha Bima Yojana (PMSBY) in Hindi

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Article Name
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Pradhan Mantri Suraksha Bima Yojana - Know about the PMSBY details, how to apply, tax benefits of yojana, eligibility criteria, premium amount, risk coverage, FAQs and more on this scheme here.


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Showing 61 Comments :

What is document required for death (electric shock(on duty MSEB))claim?
please suggest.


my father died by car accident, my mother got 1 lac rupee only instead of 2lacs. what was happen and what i do for further?


Good achievement

Jayalakshmamma.n.k May 2, 2018 at 4:51 pm

Will the government employee get the insurance benefits?

pradeepkumar ks January 10, 2017 at 5:42 pm

i need information about Pradhan Mantri Suraksha Bima Yojana (PMSBY) – An accidental insurance scheme accident in the sence motor cycle accident or he was unfortunatly falldown from the bilding, or snake bite, or heart attack, or etc….. this are all unfortunatly accidents is it?
than as per PMSBY said ACCIDENT POLICY.
1) than What is ACCIDENT?


what is the process of policy claim


I’m a retired IPS officer and holding SB Acctt. In SBBJ Aerodrome circle, kota (Br. Code 0010252). An amount of ₹12.00 was deducted for PMSBY from my SB account in June 2015. In June,2016, there was no auto deduction of ₹12.00. When contacted the bank officials asked me to wait, but of no avail. I submitted fresh form for PMSBY in July for getting me a cover, but of no avail. Despite several requests & contacting Sr. Bank officials, premium of ₹12.00 for this year has not yet been deducted. So, I, a sr. Citizen, remain uncovered under this scheme. What is the remedy?

Radhakrishnan A D May 31, 2016 at 2:28 pm

I had open Pradhan Mantri Suraksha Bima Yojana (PMSBY) Account on may 2015 but i have not recived any information & massage or policy certificate on my mobile also & 12 ruppes dedected on my Account on May 2015 and I am already renewed policy on May 2016 All formalities done by State Bank of India through net banking. I am approach several time to but I am not get any satisfactory reply. There I am request you to kindly cancel my policy and returned (SBI MON Branch – IFSC – SBIN0003604)

SUDHIR KUMAR JHA May 17, 2016 at 5:59 pm

pradhan mantri suraksha bima yojana best policy for public.


No doubt its good scheme of present PM for poor peoples. what about in future if PM changes the government shall still continue this PMSBY and PMJJBY ??????. More over no Insurance certitificate issued by Banker or govt. Even we do not know the policy number.


I am now a subscribe of (plant)

jameson pohlong January 19, 2016 at 7:38 pm

I am now a subscriber of PMSBY.From this last year annually Rs.12 have been deducted from my account(SBI).Today I have received some of it but even some of it, it is very helpful to me.Through it i continued my study and the main things I got recovery of my health from it.The PMSBY is very helpful to us the poor.Now I would like to thanks to PMSBY.And how can I get it again?

madhusoodhanan.v December 25, 2015 at 9:23 pm

Pl add to plans


How I will get Pradhan Mantri Suraksha Bima Yojana (PMSBY) certificate.

    jemison pohlong January 19, 2016 at 7:53 pm

    I am now a subscriber of PMSBY.I have received some of it but it is very helpful to me. The PMSBY is helpful to us the poor .Now I would like to give thanks to PMSBY.And how can I get it again?


I had open Pradhan Mantri Suraksha Bima Yojana (PMSBY) Account on June 2015 but i have not recived any information & massage on my mobile & 12 ruppes dedected on my Account on May 2015. All formalities done by State Bank of India (H.B. Town Sodepur Branch – IFSC – SBIN0007654)


clime dtials pls


How can clime the palaci

Manish Kumar Sinha October 17, 2015 at 2:08 pm

I had open Pradhan Mantri Suraksha Bima Yojana (PMSBY) Account back 5 – 6 months but i have not recived any information & massage on my mobile & 12 ruppes dedected on my Account also Orientel bank of commerce.


and who will get the benefit of schem if one die at 50


I also want to join this scheme but for my bro ….. can i get this for him


PMSBY scheme is a very helpful to the normal citizens of India


i have enrolled , how long it takes to get the policy number .


Narendra mode
Is good telent person
All people same


Hi natendra MSmodeT telant petson


my mother isgovernment emplai can we make these polace pmbsy


iam intrested to jainthe pmbsy


my father is a govt. employee and he died at may 2015 ,they take Rs.12 in my fathers account .now i am eligible for claim the amount are not.if yes how can i apply it


apna paisa khud step by step rokan karo to isse jyada hota he..

DNYANESHWAR SAHADEO PARASKAR. August 6, 2015 at 7:21 pm

i am interested to join the (pmsby)


    you should come under eligibility criteria inorder to apply under the scheme. For further details, kindly approach your bank where you have your savings account


can we make these policy PMSBY and PMJJBY for a single form


My daughter aged 30 yrs is mentally retarded and her IQ is less than 70% ,pl let me know why she can,t join the PMSBY.
She is an SB a/c holder with Canara Bank Vikas puri N Delhi.

Shailesh Keshavrao Muraskar July 14, 2015 at 6:48 pm

good planning India nagrik

RobertSon Sagolsem July 2, 2015 at 1:01 pm

I am working in TCS bangalore and I a taxable person. I had visited USA many times but currently my status is India. Can I take both Suraksha Bima Yojana and Atal Pension Yojana?

KALLEM CHANDRAIAH June 24, 2015 at 2:55 pm

Dear sir, how to apply online Pradhan Mantri Suraksha Bima Yojana (PMSBY) , to auto deduct from my account.


I made an account of my mom in sbbj on 12/06/2015 bt money from her account were not debited.
Hw would I know that her policy has been registered.
Reference no.:- 11800467300039712
Her name:- Bhagyashree patil

Sowjanya Vimjam June 17, 2015 at 9:45 am

Very nice but how to get the application form

Sudhakar Kshirsagar June 17, 2015 at 9:01 am

I am now a subscriber of Pradhan Mantri,Jansurukhsa Yojna.From this year annually Rs.12/-(Rs.Twelve only) will be deducted from my bank account. Today I am 63 years of old. This scheme guarantee for accident coverage only. In case to my fortune, if I may not met with accident death or total disabilities, how far I can be benefited by this scheme.


I am Interested Pardhan Mantri Bima Yojana.

Pradeep Kumar Agarwal June 7, 2015 at 6:12 am

Upfront the scheme seems to be good but it covers only partial disability , full disability and accidental death. No coverage for natural death. Also the maximum problem is the hospital expenses after accident which is also not covered. if Natural death benefit and hospital expenses are covered in this scheme, this may be one of the excellent scheme for poor sector of India. Thanks


I want to connect with life insurance and accident insurance with online.so can anyone help me


    If Ur using SBI online banking then just login it and go to profile in that U will get at left side a link of Social profile and click on it U will get a form which is to be filled up by some basic details and Nominee details. In case if U not found that link in Ur profile then go to Site Map link mentioned above.

VIJAY MANGLIK May 28, 2015 at 11:29 am

Banks are not accepting the form which has downloaded by this site.the are issuing there own form and due to crowds, hot weather and time consuming it is difficult to fulfill now.
My request to government to give some more time or make such system in bank in which applicant can deposit the filled form on a special counter and no need to wait in line.


In my opinion all the insurance cover sum should be increased to a minimum of Rs. 5,00,000/- (five lakh) by increasing the nominal premium accordingly. for ex – nominal premium of Rs. 12/- per person per year can be increased to Rs.30 per person per year for the sum of Rs. 5,00,000/- (five lakh).


Dear Sir
Why the benefit is limited upto age of 70. If one wantto continue after age of 70 .why should he be not allowed ,plclarify

Anshul kumar gupta (GGJ) May 16, 2015 at 11:49 am

Pradhan Mantri Suraksha Bima Yojana(PMSBY) – An accidental insurance scheme
A person will need to fill out a simple form,mentioning the name of the nominee and linking the Aadhaar Card to the bank account. The person will need to submit the form each year before 1st Juneto continue the scheme.
Anshul kumar gupta
Dis.- Faizabad(up.)


If a person already availing the facility of insurance in other organization, can he also get the scheme?


I am interested Pardhan mantari bima yojana


where can i get the forms
is it possible to download it through net

deepak pandhari taksande May 11, 2015 at 7:54 pm

Thanks sir
Ye sab diya par student skolarship kab milega…………………sir


I want full procedure of this service

Biman Chakraborty May 10, 2015 at 10:39 am

Send me full procedur details. E or S bank account holders can apply the scheme. Where & how to apply these three yojuna.


Thanks for government am admi ka best protection and low cost


PMSBY seems to be a strong step towards the accident benefit mainly for the underprivileged sector of people.
Nice informative article about the scheme.

The risk coverage of PM Suraksha Bima Yojana more or less covers all the major aspects of accidental disablement. In case of full disability, total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot are covered under this scheme. Any unfortunate death due to accidental injury will also receive same benefits. Whereas, under partial disability, total and irrecoverable loss of sight of one eye or loss of use of one hand or foot is covered.
Hope in coming days this scheme will be able to benefit the intended sector.

suneel kumar yadav May 9, 2015 at 10:50 am

Inquire about pradhan mantri surksha bima yojana

GODAVARTHI SATISH May 9, 2015 at 9:37 am

Keep me updated about this scheme

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