🛡️ Accidental Coverage Details

Under the Pradhan Mantri Suraksha Bima Yojana (PMSBY), financial support is provided in case of accidental death or disability. If the insured person dies in an accident or suffers permanent total disability (such as loss of both eyes, hands, or legs), a compensation of ₹2 lakh is given. In case of partial permanent disability, the beneficiary receives ₹1 lakh. This scheme offers strong financial protection at a very low cost.

📌 Basic Rules & Requirements

• The scheme is available only for individuals aged 18 to 70 years
• Aadhaar card is required for enrollment

• If a person has multiple bank accounts, they can enroll through only one account

📋 Other Important Information

Eligibility

Any individual between 18 and 70 years can apply for this scheme. The policy is valid for one year and must be renewed annually by paying a premium of ₹20.

Aadhaar Requirement

To enroll in PMSBY, it is necessary to link the Aadhaar card with the bank account. A consent form must be submitted to the bank every year before 1 June. In joint accounts, each account holder can enroll separately, but only through one bank account.

📝 How to Apply

To apply for PMSBY, individuals can log in to their bank’s internet banking service or visit the nearest bank branch. The insurance coverage remains valid from 1 June to 31 May each year. The premium amount of ₹20 (including taxes) is automatically deducted from the bank account before 1 June every year.

✅ Conclusion

The Pradhan Mantri Suraksha Bima Yojana is a simple, affordable, and effective insurance scheme that provides financial security to individuals and their families during accidental emergencies.