What is PMSBY?
PMSBY is a government-backed accident insurance scheme designed to make coverage accessible for every citizen, especially those in the unorganized sector. It provides:
- ₹2 lakh coverage for accidental death or total permanent disability.
- ₹1 lakh coverage for partial permanent disability.
The premium is auto-debited from the insured person’s bank account once a year, ensuring hassle-free renewal.
Eligibility Criteria
To enroll in PMSBY, you must:
- Be an Indian citizen aged between 18 and 70 years.
- Have a savings bank account (single or joint).
- Consent to auto-debit of the annual premium.
- Link Aadhaar with your bank account for identification.
Key Benefits of PMSBY
- Affordable Premium: At ₹20/year, it’s one of the cheapest insurance schemes in the world.
- Wide Coverage: Covers accidents at home, on the road, or at the workplace.
- Direct Bank Transfer: Claims are settled quickly through the beneficiary’s bank account.
- Easy Enrollment: Available through banks, post offices, and Common Service Centers (CSCs).
How to Enroll in PMSBY
- Visit your bank branch, post office, or nearest CSC.
- Fill out the PMSBY enrollment form.
- Provide Aadhaar and bank details.
- Authorize annual auto-debit from your account.
- Receive confirmation from the bank via SMS.
Click here to apply or check official PMSBY details
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