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Pradhan Mantri Suraksha Bima Yojana

Pradhan Mantri Suraksha Bima Yojana is aimed at covering the uncovered population of India. Learn more about and its eligibility criteria from the Bank of Baroda. Apply now!

Policy typeGovernment-backed one-year renewable personal-accident insurance scheme covering accidental death and specified permanent disabilities.Entry age18 to 70 years for a savings-bank account holder who consents to enrol and enables auto-debit.Annual premium₹20 per year through auto-debit.
Official product page ↗Compare category

Quick eligibility check

Pradhan Mantri Suraksha Bima Yojana

0 of 4 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: 18 to 70 years for a savings-bank account holder who consents to enrol and enables auto-debit?

Published source: Entry age

2Document checkDo you have at least one of these required documents: Prescribed enrolment form, auto-debit authorisation or consent-cum-declaration form retained by the participating bank/Post Office; the insurer may request it for a claim?

3Document checkDo you have at least one of these required documents: Documentary evidence confirming accidental death or disability; police report/FIR for road, rail, vehicular, drowning or crime-related incidents, or immediate hospital record for events such as snake bite or fall from a tree?

4Document checkDo you have at least one of these required documents: Claim filed by the nominee/appointee named in the enrolment form, or legal heir(s) where there is no nomination?

0 of 4 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Policy typeGovernment-backed one-year renewable personal-accident insurance scheme covering accidental death and specified permanent disabilities.View source
The Bank of Baroda page lists accidental death, permanent total disability and specified permanent partial disability benefits for the annual scheme.
Source
Pradhan Mantri Suraksha Bima Yojana — Bank of Baroda official product page
Page / section
Benefits and policy period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Entry age18 to 70 years for a savings-bank account holder who consents to enrol and enables auto-debit.View source
The scheme is available to people aged 18–70 with a savings-bank account and auto-debit consent.
Source
Pradhan Mantri Suraksha Bima Yojana
Page / section
Eligibility
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Annual premium₹20 per year through auto-debit.View source
The official page states an annual premium of ₹20 collected through auto-debit.
Source
Pradhan Mantri Suraksha Bima Yojana
Page / section
Premium
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Policy periodOne year, from 1 June to 31 May, renewable annually.View source
The policy period is one year, stretching from 1 June to 31 May, with annual renewal.
Source
Pradhan Mantri Suraksha Bima Yojana
Page / section
Policy Period
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Sum insured₹2 lakh for accidental death or permanent total disability; ₹1 lakh for permanent partial disability.View source
The benefit table lists ₹2 lakh for accidental death/permanent total disability and ₹1 lakh for permanent partial disability.
Source
Pradhan Mantri Suraksha Bima Yojana
Page / section
Insurance Benefits
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
CoverageAccidental death, permanent total disability and permanent partial disability, subject to the scheme terms.View source
The scheme covers accidental death, permanent total disability and permanent partial disability as specified in the benefit table.
Source
Pradhan Mantri Suraksha Bima Yojana
Page / section
Insurance Benefits
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Insurer / scheme administratorPMSBY is administered through a Public Sector General Insurance Company or another IRDAI-approved general insurer appointed by the participating bank. The Bank of Baroda page and the government FAQ do not name one exclusive insurer for BOB's account holders; participating banks are free to engage an approved insurer, while the bank is the master policyholder.View source
The says PSGICs and other approved general insurers administer the scheme in collaboration with participating banks, which are the master policyholders; page does not identify a single insurer.
Source
— Department of Financial Services official
Page / section
pages 1–3 — Who will offer/administer; Master policy holder
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Waiting period / risk startThere is no general waiting period after valid enrolment. For delayed enrolment or rejoining, risk cover starts on the date the annual premium is auto-debited; cover otherwise runs during the 1 June–31 May policy year.View source
The states that delayed entrants and re-joiners receive risk cover from the date of auto-debit; it does not prescribe a waiting period for valid cover.
Source
— Department of Financial Services official
Page / section
Pages 2–3 — enrolment, renewal and risk commencement
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Exclusions and termination conditionsDeath by suicide is not covered. No benefit is payable for partial disability other than the specified irrecoverable loss of one eye or one hand/foot, no hospitalisation reimbursement is provided, and a subscriber/nominee may receive only one claim when premiums were debited through multiple accounts. Cover terminates or is restricted at age 70, on account closure or insufficient balance, and for duplicate-account enrolment; natural-calamity accidents and murder are covered as accidents subject to scheme definitions.View source
The six-page was reviewed in full. It documents the suicide exclusion, specified-disability limits, no hospitalisation benefit, one-claim rule and termination events; page refers subscribers to the master policy for further terms.
Source
— Department of Financial Services official
Page / section
Pages 2–5 — termination and Q14, Q18, Q21, Q24–Q25
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Accident benefit scheduleAccidental death or permanent total disability pays ₹2 lakh. Permanent partial disability consisting of total and irrecoverable loss of sight in one eye or loss of use of one hand or foot pays ₹1 lakh. No benefit is payable for other partial disability.View source
The table states ₹2 lakh for death and permanent total disability and ₹1 lakh for the specified permanent partial disability.
Source
on Pradhan Mantri Suraksha Bima Yojana ()
Page / section
Page 1, question 2; page 5, question 24
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Claim documentationThe insurer requires documentary evidence confirming accidental death or disability. Road, rail, similar vehicle, drowning and crime-related incidents should be reported to police; snake-bite, fall and similar incidents should be supported by an immediate hospital record. The nominee/appointee or legal heir files a death claim.View source
The distinguishes police reporting from immediate hospital records and states that accidental death must be confirmed by documentary evidence.
Source
on Pradhan Mantri Suraksha Bima Yojana ()
Page / section
Pages 4–5, questions 19, 22 and 23
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
When cover endsAccident cover terminates or is restricted when the member reaches age 70, the linked account is closed or lacks sufficient balance, or premiums are debited from multiple accounts. Cover is restricted to one account in the duplicate case.View source
The lists age 70, account closure/insufficient balance and multiple-account premium debit as termination or restriction events.
Source
on Pradhan Mantri Suraksha Bima Yojana ()
Page / section
Page 3, question 10
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Accidental death, permanent total disability and permanent partial disability, subject to the scheme terms.

Documents the bank lists

  • Prescribed enrolment form, auto-debit authorisation or consent-cum-declaration form retained by the participating bank/Post Office; the insurer may request it for a claim
  • Documentary evidence confirming accidental death or disability; police report/ for road, rail, vehicular, drowning or crime-related incidents, or immediate hospital record for events such as snake bite or fall from a tree
  • Claim filed by the nominee/appointee named in the enrolment form, or legal heir(s) where there is no nomination

Related official documents

Pradhan Mantri Suraksha Bima Yojana — Bank of Baroda official pageofficial-product-page · current · accessed 28 Aug 2026
↗
Pradhan Mantri Suraksha Bima Yojana — Bank of Baroda official product pageofficial-product-page · current · accessed 29 Aug 2026
↗
Pradhan Mantri Suraksha Bima Yojana — Department of Financial Servicesofficial-government-scheme-page · current · accessed 1 Oct 2026
↗
PMSBY — Department of Financial Services official FAQofficial-government-pdf · current · accessed 29 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

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Life-cover needs estimate

See whether your current cover and savings may leave a gap for your family. This does not calculate an insurance premium.

Possible cover gap₹1,15,00,000one crore fifteen lakh rupees
Income your family may need₹1,00,00,000one crore rupees
Cover and savings already counted₹5,00,000five lakh rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Eligibility · Amount or conditionSavings-bank account holder aged 18–70 who consents to join and enables auto-debit on or before 31 May

This value is copied from — published eligibility, premium and benefit schedule. Check the table notes before relying on it.

Source: Pradhan Mantri Suraksha Bima Yojana — Bank of Baroda official product page · Features — Eligibility, Policy period, Premium and Insurance benefits Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 7 rows · 2 columnsPMSBY — published eligibility, premium and benefit scheduleRows transcribed from the current Bank of Baroda PMSBY overview and features sections.View tableHide table

Scroll sideways to view every column

PMSBY — published eligibility, premium and benefit schedule
Published itemAmount or condition
EligibilitySavings-bank account holder aged 18–70 who consents to join and enables auto-debit on or before 31 May
Policy period1 June to 31 May; annual renewal
Annual premium₹20 by auto-debit
Accidental death₹2,00,000
Permanent total disability₹2,00,000
Permanent partial disability₹1,00,000
Enrolment channelsBranch, business correspondent or bob World Internet banking
  • The page says exclusions and other details can be viewed in the master policy; no exclusion list is inferred.
Pradhan Mantri Suraksha Bima Yojana — Bank of Baroda official product page · Features — Eligibility, Policy period, Premium and Insurance benefits · accessed 29 Aug 2026Open official source ↗
Table 2 · 9 rows · 2 columnsPMSBY — FAQ claim exclusions and cover conditionsConditions transcribed from the six-page official Department of Financial Services FAQ.View tableHide table

Scroll sideways to view every column

PMSBY — FAQ claim exclusions and cover conditions
ConditionPublished rule
InsurerParticipating bank may appoint a PSGIC or another approved general insurer; bank is master policyholder
Risk start for delayed enrolment/rejoinDate of auto-debit of annual premium
Natural calamityAccidental death/disability from natural calamities is covered subject to scheme definition
SuicideDeath by suicide is not covered; murder is covered
Unspecified partial disabilityNo benefit unless it is the specified irrecoverable loss of one eye or one hand/foot
HospitalisationNo reimbursement of hospitalisation expenses
Multiple accountsCover restricted to one account and only one claim is payable
Termination/restrictionAge 70, account closure, insufficient balance or duplicate-account premium
accountEligible with an eligible India-based bank account; claim benefit paid in Indian currency
  • The page directs users to the master policy for additional exclusions and terms; this table records only the explicit conditions.
— Department of Financial Services official · pages 1–6 · accessed 29 Aug 2026Open official source ↗
Table 3 · 6 rows · 2 columnsPMSBY — benefit and premium scheduleDepartment of Financial Services FAQ accident benefits and eligibility.View tableHide table

Scroll sideways to view every column

PMSBY — benefit and premium schedule
Benefit or rulePublished amount or condition
Accidental death₹2,00,000
Permanent total disability₹2,00,000
Specified permanent partial disability₹1,00,000
Annual premium₹20 per member by auto-debit
EligibilityParticipating individual account holders aged 18–70
Cover year1 June to 31 May, renewable annually
on Pradhan Mantri Suraksha Bima Yojana () · Pages 1–3, questions 1, 2, 5, 6 and 10 · accessed 31 Aug 2026Open official source ↗
Table 4 · 3 rows · 3 columnsPMSBY — current benefit scheduleBenefit amounts and the exact qualifying permanent-loss conditions in the current government scheme FAQ.View tableHide table

Scroll sideways to view every column

PMSBY — current benefit schedule
Covered eventQualifying conditionBenefit
Accidental deathDeath due to an accident as defined under the scheme₹2,00,000
Permanent total disabilityTotal and irrecoverable loss of both eyes, both hands/feet, or one eye together with one hand/foot₹2,00,000
Specified permanent partial disabilityTotal and irrecoverable loss of sight in one eye or use of one hand/foot₹1,00,000
  • No benefit is payable for partial disability outside the listed conditions; the scheme does not reimburse hospitalisation expenses.
— Department of Financial Services · — table of benefits and sum insured; partial-disability and hospitalisation answers · effective 5 Jan 2026 · accessed 1 Oct 2026Open official source ↗
Table 5 · 3 rows · 3 columnsPMSBY — premium and insurer-paid expense allocationSeparates the published member premium from the commission and administration reimbursements paid by the insurer.View tableHide table

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PMSBY — premium and insurer-paid expense allocation
ItemAmount and basisPaid by / applicability
Insurance premium₹20 per member per yearMember premium payable to the insurer under the scheme
/agent commission₹1 per memberPaid by insurer; new enrolments only
Bank administration expenses₹1 per member per yearPaid by insurer to the participating bank
  • For voluntary electronic enrolment, commission saved is passed to the subscriber by reducing the insurer-premium component. The current page does not give a separate reduced total; do not add the insurer-paid ₹1 items to the member's ₹20 premium.
— Department of Financial Services · — premium appropriation table and electronic-enrolment note · effective 5 Jan 2026 · accessed 1 Oct 2026Open official source ↗

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