Loading page...
Loading page...
Calculate your total premium and accident coverage under Pradhan Mantri Suraksha Bima Yojana. Check eligibility and compare costs with personal accident insurance plans.
Eligible for PMSBY
You can enroll until age 70. Policy coverage continues until age 70.
Annual Premium
₹20
Accident Death Cover
₹2,00,000
Disability Cover
₹1,00,000
Total Premium (till 70)
₹800
Over 40 years
PMSBY is approximately 33x cheaper than a typical personal accident policy for comparable coverage.
| Entry Age | Years Till 70 | Total Premium | Death Cover | Disability Cover |
|---|---|---|---|---|
| 25 Yrs | 45 | ₹900 | ₹2,00,000 | ₹1,00,000 |
| 35 Yrs | 35 | ₹700 | ₹2,00,000 | ₹1,00,000 |
| 45 Yrs | 25 | ₹500 | ₹2,00,000 | ₹1,00,000 |
| 55 Yrs | 15 | ₹300 | ₹2,00,000 | ₹1,00,000 |
| 65 Yrs | 5 | ₹100 | ₹2,00,000 | ₹1,00,000 |
Age 18 - 70 Years
Any Indian resident in this age group can enroll.
Bank Account Required
Premium is auto-debited from your savings bank account.
One Year Coverage
Coverage is for one year from 1st June to 31st May. Auto-renewed if balance available.
Death due to Accident
₹2,00,000 paid to nominee on death due to accident.
Total Disability
₹2,00,000 for irrecoverable and total loss of both eyes or both limbs.
Partial Disability
₹1,00,000 for irrecoverable and total loss of one eye or one limb.
Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accident insurance scheme launched in 2015. For an annual premium of just ₹20, it provides coverage of ₹2 lakh for accidental death and total disability, and ₹1 lakh for partial disability. The scheme is available to all Indian residents aged 18-70 years with a bank account.
The policy period is from 1st June to 31st May each year. Premium is auto-debited from the linked bank account. The scheme is especially beneficial for low-income individuals, daily wage workers, and those without employer-provided accident cover.
At just ₹20 per year, PMSBY is arguably the most affordable insurance product in India. This is less than the cost of a cup of tea for an entire year of accident coverage.
Unlike PMJJBY which is limited to age 50, PMSBY covers individuals up to 70 years. This makes it accessible to senior citizens who need accident protection.
PMSBY covers not just accidental death but also total and partial disability. This is critical because disability can result in loss of income and high medical costs.
Enrollment requires only a bank account and consent form. No medical examination or documentation is needed, making it accessible to everyone.
While private personal accident policies offer similar coverage, they typically cost ₹500-1,500 per year for the same ₹2 lakh cover. PMSBY at ₹20 per year is 25-75 times cheaper. However, private policies may offer additional benefits like weekly compensation for temporary disability, which PMSBY does not cover.
For basic accident protection, PMSBY is unbeatable in terms of cost. If you need higher coverage (₹10 lakh+), consider supplementing PMSBY with a private personal accident policy or a term plan with accidental death benefit rider.
Accidental death and total disability (loss of both eyes, both hands, both feet, or one eye and one limb) are covered for ₹2 lakh. Partial disability (loss of one eye or one limb) is covered for ₹1 lakh.
No. PMSBY covers only accidental death and disability. For natural death coverage, enroll in PMJJBY which provides ₹2 lakh cover for death due to any reason.
Yes. Both schemes are complementary. PMJJBY covers death from any reason, while PMSBY covers accidental death and disability. You can and should enroll in both.
The nominee or insured must submit a claim form to the respective bank within 30 days of the accident. Required documents include FIR, death certificate/disability certificate, and bank account details. The claim is processed by the insurance company.
Calculate PMJJBY life insurance coverage at ₹330/year premium
Calculate term life insurance premium.
Calculate car and bike insurance premium with NCB and add-ons