PMSBY ₹20 Accident Insurance 2026: ₹2 Lakh Cover, Eligibility & Claim Steps
PMSBY is a ₹20-per-year accident insurance cover for bank and post-office account holders aged 18–70, paying up to ₹2 lakh for accidental death or disability.
Cover amounts and age limits are from the Jan Suraksha portal. Disability definitions follow the policy wording of your bank's insurer.
Answer 5–7 simple questions and get your eligibility score in 2 minutes.
Check eligibility now →At a glance
- Premium
- ₹20 per year
- Accidental death / total disability
- ₹2 lakh
- Partial permanent disability
- ₹1 lakh
- Age
- 18–70 years
What is it?
Pradhan Mantri Suraksha Bima Yojana is a one-year renewable accident cover run through banks with public-sector general insurers. It covers accidents only — not illness or natural death.
Benefits
₹2 lakh for accidental death, ₹2 lakh for total irrecoverable loss of both eyes, both hands/feet, or one eye plus one hand/foot, and ₹1 lakh for total loss of sight of one eye or one hand/foot.
Eligibility criteria
- ✓Age 18 to 70 years
- ✓Individual savings bank or post-office account
- ✓Auto-debit consent
- ✓Only one PMSBY cover per person
Documents required
- ✓Account details and Aadhaar
- ✓Claim form from the bank
- ✓FIR/police report for road or other accidents
- ✓Post-mortem report and death certificate (death claim) or disability certificate from a civil surgeon
How to apply — step by step
- Enrol through net banking, bank app or branch under 'Social Security Schemes'
- Confirm nominee and approve the ₹20 auto-debit
- Renew automatically every year before 31 May
- After an accident, inform the bank as early as possible
- Submit claim form with FIR, medical/disability or death documents at the branch
Important dates
Cover runs 1 June to 31 May. Keep ₹20 in the account in late May for renewal.
Common mistakes to avoid
- ✓Thinking natural death is covered — it is not
- ✓Delaying the FIR after a road accident
- ✓Zero balance at renewal
- ✓Not naming a nominee
Frequently asked questions
Does PMSBY cover hospital bills?
No. It pays fixed amounts for death or permanent disability only.
Is suicide or illness covered?
No. Only accidental events are covered.
Can a 65-year-old join?
Yes, joining is allowed up to 70 years.
Where is the claim filed?
At the bank branch where the insured person held the account.
Answer 5–7 simple questions and get your eligibility score in 2 minutes.
Check eligibility now →