Pradhan Mantri Suraksha Bima Yojana (PMSBY) – ₹2 Lakh Insurance for Just ₹20
सिर्फ ₹20 में ₹2 लाख का सुरक्षा कवच – यह सिर्फ योजना नहीं, एक भरोसा है
Imagine a poor or middle-class family losing their only breadwinner in an accident. What remains behind is not just grief—but also helplessness. To reduce this pain and give families a financial backup, the Government of India launched Pradhan Mantri Suraksha Bima Yojana (PMSBY).
This scheme provides accident insurance of ₹2 lakh to every citizen at just ₹20 per year. In today’s time, when road accidents and uncertainties are increasing, such schemes become a lifeline for the poor and middle class.
In Budget 2024–25, the government reaffirmed its commitment to continue PMSBY and increase awareness in rural and semi-urban areas.
Let’s understand this scheme in simple language.
What is PMSBY (प्रधानमंत्री सुरक्षा बीमा योजना)?
Launched on 9 May 2015, Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme under the Ministry of Finance.
It covers accidental death or disability at a very low premium of ₹20 per year.
Scheme Features:
- Annual premium: ₹20 (auto-debited from bank account)
- Age limit: 18 to 70 years
- Coverage: ₹2 lakh for accidental death or full disability, ₹1 lakh for partial disability
- Coverage period: 1 June to 31 May (renewable yearly)
The scheme is linked with Jan Dhan Yojana, Aadhaar, and bank accounts, making it easy and paperless.
Who Can Apply?
Any Indian citizen aged 18 to 70 years with a savings bank account can enroll in PMSBY.
Additional eligibility:
- Aadhaar linked to bank account
- Consent for auto-debit of ₹20
- Must not already be covered under another similar group insurance
Even people in rural areas or daily wage workers can apply. The idea is inclusive protection for all.
What Benefits Will They Get?
Under PMSBY, enrolled members get:
- ₹2 lakh compensation in case of accidental death
- ₹2 lakh for total permanent disability (loss of both eyes, hands, feet)
- ₹1 lakh for partial disability (loss of one eye, hand, foot)
Other advantages:
- Premium is affordable for even the poorest
- Amount is transferred directly to nominee
- No medical test required
- Available through all major public & private banks
This small step ensures big relief during unexpected tragedies.
What Is the Process or Last Date?
Enrollment Process:
- Visit your bank branch or apply via mobile banking/net banking
- Fill a simple PMSBY enrollment form
- Ensure Aadhaar and bank account are linked
- Authorize auto-debit of ₹20 per year
Last Date:
- There is no fixed last date. You can enroll any time of the year
- Coverage is from 1st June to 31st May, so renewal is required every year before May end.
Banks usually send SMS alerts to remind you to renew your policy.
Real Impact – Government Data and Statement
“As of March 2024, over 34 crore people have enrolled under PMSBY. Around 1.1 lakh families have received claim settlements totalling ₹2,515 crore.”
– Source: Ministry of Finance, pib.gov.in
This shows that real families are getting real help in tough times. It’s not just a promise, it’s delivery.
How to Apply + Helpful Link
You can apply in the following ways:
- Visit your bank branch
- Use mobile banking or net banking of your bank
- Some banks offer SMS enrollment by replying to activation messages
- Use Common Service Centres (CSC) in rural areas
🔗 Official Website: https://jansuraksha.gov.in
There you can find the PMSBY form, FAQs, and claim process in English and Hindi.
More Government Schemes:
- PM Jeevan Jyoti Bima Yojana – Life Insurance for ₹436/year
- Ayushman Bharat Yojana – Free Hospital Treatment up to ₹5 Lakh
PMSBY Scheme – Bullet Summary for Easy Understanding:
- Scheme Name: Pradhan Mantri Suraksha Bima Yojana (PMSBY)
- Launch Year: 2015
- Age Limit: 18 to 70 years
- Premium: ₹20/year (auto-debit)
- Benefit: ₹2 lakh accident insurance
- Apply at: Bank / Mobile banking / jansuraksha.gov.in
- Renewal: Every year before 31 May
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Final Words – ₹20 Can Protect Your Family
In life, accidents don’t give warnings. But a small step today can protect your family tomorrow. Whether you’re a rickshaw puller, a farmer, a factory worker, or an office employee—₹20 per year is worth the peace of mind it brings.
If you haven’t enrolled in Pradhan Mantri Suraksha Bima Yojana, now is the time. Secure your future. Secure your family.
For more information and application, visit:
👉 https://jansuraksha.gov.in