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Bank of Maharashtra Pradhan Mantri Suraksha Bima Yojana ()

One-year renewable personal-accident cover under through Bank of Maharashtra, with ₹20 annual premium, ₹2,00,000 death or total-disability benefit and ₹1,00,000 specified partial-disability benefit.

Policy typeOne-year renewable personal-accident insurance for accidental death and specified permanent disabilities.InsurerBank of Maharashtra identifies United India Insurance Company Limited (UIIC) as its PMSBY partner under an MOU dated 21 April 2015.Sum insured / cover₹2,00,000 for accidental death or specified permanent total disability; ₹1,00,000 for specified permanent partial disability.
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Quick eligibility check

Bank of Maharashtra Pradhan Mantri Suraksha Bima Yojana ()

0 of 8 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.

1Does your age meet this requirement: 18–70 years (age nearest birthday) for an eligible savings-bank account holder?

Published source: Entry age

2Are you aged 18 to 70?

Published source: Eligibility

3Do you meet this requirement: an individual may join through only one savings account across participating banks?

Published source: Eligibility

4Do you meet this requirement: participating public-sector or approved general insurers administer the cover?

5Document checkDo you have this required document or proof: PMSBY consent-cum-declaration form?

Published source: Eligibility

6Document checkDo you have this required document or proof: Savings-account and auto-debit mandate?

Published source: Eligibility

7Document checkDo you have this required document or proof: Nominee details and accident/death/disability evidence for claims?

Published source: Eligibility

8Document checkDo you have this required document or proof: Aadhaar is recommended as primary KYC on the BoM page, not stated as a mandatory condition?

Published source: Eligibility
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 1 Oct 2026 · active
Offered byBank of Maharashtra

Savings-account auto-debit route through participating bank and insurer

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 typeOne-year renewable personal-accident insurance for accidental death and specified permanent disabilities.View source
The current DFS describes as one-year renewable personal-accident cover for death or disability due to accident.
Source
— Department of Financial Services
Page / section
— nature of the scheme
Accessed
1 Oct 2026
Confidence
high
Open official source ↗
InsurerBank of Maharashtra identifies United India Insurance Company Limited (UIIC) as its PMSBY partner under an MOU dated 21 April 2015.View source
The current BoM page names UIIC and states that the bank executed an MOU on 21 April 2015.
Source
— Bank of Maharashtra
Page / section
Current page — MOU and insurer partnership
Accessed
1 Oct 2026
Confidence
high
Open official source ↗
Sum insured / cover₹2,00,000 for accidental death or specified permanent total disability; ₹1,00,000 for specified permanent partial disability.View source
The current benefit schedule assigns ₹2 lakh to death and specified total disability and ₹1 lakh to specified partial disability.
Source
— Department of Financial Services
Page / section
— benefit table
Accessed
1 Oct 2026
Confidence
high
Open official source ↗
Entry age18–70 years (age nearest birthday) for an eligible savings-bank account holder.View source
The states the 18–70 enrolment band and ends cover at age 70, age nearer birthday.
Source
— Department of Financial Services
Page / section
— eligible account holders; cover termination age
Accessed
1 Oct 2026
Confidence
high
Open official source ↗
Policy termOne year, from 1 June to 31 May; renewed annually when the required premium is debited and eligibility continues.View source
The current defines annual cover from 1 June through 31 May.
Source
— Department of Financial Services
Page / section
— enrolment period and modality
Accessed
1 Oct 2026
Confidence
high
Open official source ↗
Premium₹20 per member per year by one-installment auto-debit. The ₹12 figure in the linked BoM PDF belongs to the original 2015 version and is not current.View source
Both current pages publish ₹20 per year; the bank-linked eight-page 2015 prints ₹12 in its original form and rules, so that amount is retained only as historical context.
Source
— Bank of Maharashtra and Department of Financial Services
Page / section
BoM — annual premium and auto-debit; DFS — current premium and appropriation; historical linked cross-check
Accessed
1 Oct 2026
Confidence
high
Open official source ↗
Risk startFor the regular annual cycle, BoM says cover starts on 1 June when premium is debited by the cut-off. For delayed enrolment or rejoining, the DFS FAQ says risk cover starts on the date the premium is auto-debited; it does not prescribe a fixed day-based waiting period.View source
The current scheme ties delayed-entry risk to auto-debit; BoM ties the regular cycle to 1 June when the premium is debited by the cut-off.
Source
— Department of Financial Services and Bank of Maharashtra
Page / section
DFS — delayed entry/rejoining; BoM — risk coverage start
Accessed
1 Oct 2026
Confidence
high
Open official source ↗
Key coverageAccidental death and the listed permanent disabilities: ₹2,00,000 for death or total and irrecoverable loss of both eyes, both hands/feet, or one eye plus one hand/foot; ₹1,00,000 for total and irrecoverable loss of sight in one eye or use of one hand/foot.View source
The current schedule distinguishes death and specified total disability from the narrower one-eye or one-limb partial-disability benefit.
Source
— Department of Financial Services
Page / section
— full benefit schedule
Accessed
1 Oct 2026
Confidence
high
Open official source ↗
Exclusions and claim limitsSuicide death is not covered; murder and qualifying natural-calamity accidents are covered. There is no hospitalisation-expense reimbursement, no benefit for partial disabilities outside the listed losses, and only one claim is payable where premiums were debited through multiple accounts.View source
The current states suicide is excluded, murder and qualifying natural-calamity accidents are covered, hospitalization is not reimbursed, and unlisted partial disability earns no benefit.
Source
— Department of Financial Services
Page / section
— natural calamity/suicide/murder; hospitalisation; claim-count and partial-disability answers
Accessed
1 Oct 2026
Confidence
high
Open official source ↗
EligibilityA Bank of Maharashtra savings-account holder aged 18–70 may enrol with consent and auto-debit; an individual may join through only one savings account across participating banks. Aadhaar is recommended as primary KYC on the BoM page, not stated as a mandatory condition.View source
BoM identifies savings-account age eligibility and calls Aadhaar recommended; both sources limit a person to one account for scheme cover.
Source
— Bank of Maharashtra and Department of Financial Services
Page / section
BoM — eligibility, Aadhaar and multiple policies; DFS — scheme-wide one-account rule
Accessed
1 Oct 2026
Confidence
high
Open official source ↗
Enrolment and paymentBoM lists branch submission of the consent form, savings-account auto-debit and KYC for enrolment. The ₹20 annual premium is debited once per year; electronic voluntary enrolment may pass the saved commission to the subscriber by reducing the insurer-premium component, but the DFS page does not state a separate reduced total.View source
BoM lists the branch consent, account auto-debit and route; DFS specifies annual auto-debit and the electronic-enrolment commission benefit.
Source
— Bank of Maharashtra and Department of Financial Services
Page / section
BoM — enrolment and premium; DFS — auto-debit and premium appropriation
Accessed
1 Oct 2026
Confidence
high
Open official source ↗
Claim documentsBoM's FAQ says typical claim documents are the claim form, death/disability certificate, FIR or accident report where applicable, and the nominee's bank details. The older bank-linked claim form additionally asks for the original FIR/post-mortem report/death certificate for death claims and a Civil Surgeon disability certificate.View source
The current lists the typical claimant checklist; the bank-linked form is historical and asks for original death evidence or a Civil Surgeon disability certificate.
Source
— Bank of Maharashtra; linked claim form
Page / section
Current BoM — claim documents; linked 2015 p.2 claim form
Accessed
1 Oct 2026
Confidence
high
Open official source ↗
Termination conditionsCover ends at age 70, when the linked account closes or lacks sufficient funds for the debit, or on cancellation. Multiple enrolments are restricted to one account and duplicate premiums may be forfeited; BoM says a missed debit may leave the member without cover for that year.View source
BoM says a missed premium may lapse that year's cover and cancellation stops cover; the DFS adds age-70, account and duplicate-cover restrictions.
Source
— Bank of Maharashtra and Department of Financial Services
Page / section
BoM — insufficient balance, exit and multiple policies; DFS — cover termination
Accessed
1 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹2,00,000 for accidental death or permanent total disability
  • ₹1,00,000 for specified permanent partial disability
  • ₹20 annual premium collected by auto-debit
  • Cover renews each year from 1 June to 31 May
  • Accident claim documents and reporting rules are published in the official

Eligibility

  • Savings-account holder must be aged 18–70 and consent to one-account auto-debit; participating public-sector or approved general insurers administer the cover.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • consent-cum-declaration form
  • Savings-account and auto-debit mandate
  • Nominee details and accident/death/disability evidence for claims

Related official documents

Pradhan Mantri Suraksha Bima Yojana — Bank of Maharashtra current pageofficial-product-page · current · accessed 1 Oct 2026
↗
PMSBY rules, enrolment and claim forms — Bank of Maharashtra-linked 2015 PDFofficial-government-faq-and-bank-document · historical-2015-rules-and-forms-current-premium-superseded · accessed 1 Oct 2026
↗
Pradhan Mantri Suraksha Bima Yojana — Department of Financial Servicesofficial-government-scheme-page · current · accessed 1 Oct 2026
↗

Plan before applying

Try the numbers

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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.

Ordinary Current Account · Balance rule ₹10,000 metro/urban; ₹5,000 semi-urban; ₹2,500 rural

This value is copied from Bank of Maharashtra current-account tiers and published limits. Check the table notes before relying on it.

Source: Bronze / Silver / Gold / Platinum / Diamond Current Account · Complete scheme table Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 6 rows · 4 columnsBank of Maharashtra current-account tiers and published limitsView tableHide table

Scroll sideways to view every column

Bank of Maharashtra current-account tiers and published limits
Product / tierBalance ruleFree cash deposit / withdrawalOther published facilities
Ordinary Current Account ₹10,000 metro/urban; ₹5,000 semi-urban; ₹2,500 ruralHome-branch cash withdrawal free; service charges for shortfallNomination; RuPay debit card; digital and telebanking
Bronze Premium ₹1,00,000–₹5,00,000₹1,50,000 cash deposit/day free₹5,000 opening deposit; 500 cheque leaves/year
Silver Premium ₹5,00,000–₹10,00,000₹3,00,000 cash deposit/day free/ and digital facilities free
Gold Premium ₹10,00,000–₹15,00,000₹7,00,000 cash deposit/day freeLocker, debit card and statements free
Platinum Premium ₹15,00,000–₹25,00,000₹10,00,000 cash deposit/day freeOne locker free subject to availability
Diamond Premium ₹25,00,000 and aboveNo daily cash-deposit limitAll listed digital, payment and locker concessions
Bronze / Silver / Gold / Platinum / Diamond Current Account · Complete scheme table · accessed 1 Sept 2026Open official source ↗
Table 2 · 5 rows · 4 columnsBank of Maharashtra recurring-deposit termsView tableHide table

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Bank of Maharashtra recurring-deposit terms
SchemeMinimum / maximumTermInterest / facility
Recurring Deposit₹50/month; no ceiling6–120 monthsCumulative; loan facility
Mahasanchay Deposit PlanCore ₹100–₹10,000; flexi up to ₹50,000/month12–60 months in 3-month multiplesRetail term-deposit rate; loan up to 90% of balance
Maha Saraswati Scheme₹100/month on current page36–120 monthsRetail term-deposit rate; education-loan concession
Deposit-policy reference: MLRDSuitable for maturity value of at least ₹1 lakh; no ceiling12–120 monthsCumulative; loan facility; current availability not separately listed on live catalogue
Deposit-policy reference: MMRDSuitable for maturity value of at least ₹10 lakh; no ceiling12–120 monthsCumulative; loan facility; current availability not separately listed on live catalogue
Deposit Policy — Annexure A · Pages 23–24, rows 1–4 and 13–16 · accessed 1 Sept 2026Open official source ↗
Table 3 · 7 rows · 4 columnsBank-distributed Government savings and insurance schemesView tableHide table

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Bank-distributed Government savings and insurance schemes
ProductMinimum / coverTerm / ageRate / payout / key condition
₹500–₹1,50,000 per financial year15 years; five-year extensionsGovernment-notified rate; annual credit on 31 March
₹1,000–₹30,00,000Five years; three-year extensionGovernment-notified quarterly rate; quarterly payout; 60+ or qualifying retiree
Sukanya Samriddhi₹250 initial; ₹1,50,000 yearly maximumDeposits 15 years; maturity 21 years; girl below 10 at openingGovernment-notified rate; education/marriage withdrawal rule
Floating Rate Savings Bonds₹1,000 multiples; no maximumSeven yearsSemi-annual reset and payout; taxable; specified senior-citizen premature redemption
Sovereign Gold BondsMinimum 1 gram; annual ceiling by investor typeEight years; exit after fifth year2.50% p.a. semi-annually; gold-price-linked redemption
₹2,00,000 life cover; ₹436/yearAge 18–50; 1 June–31 May30-day lien for non-accidental death; annual auto-debit
₹2,00,000 death/total disability; ₹1,00,000 specified partial disability; ₹20/yearAge 18–70; 1 June–31 MayAccident cover; annual auto-debit
Government Schemes catalogue and linked product pages · Complete current scheme catalogue and linked terms · accessed 1 Sept 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

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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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