PMSBY Benefits 2026 include accidental death cover of ₹2 lakh, specified permanent total disability cover of ₹2 lakh, and specified permanent partial disability cover of ₹1 lakh under the Pradhan Mantri Suraksha Bima Yojana (PMSBY). For an annual premium of just ₹20, eligible account holders aged 18–70 can access this government-backed accident insurance scheme, subject … Read more
The PMSBY claim process begins by informing the participating bank or post office and obtaining the prescribed claim form. If an enrolled member dies in a qualifying accident or suffers a specified permanent disability, the nominee, eligible claimant or insured member can submit a claim with the required documents. The benefit can be ₹2 lakh … Read more
PMSBY eligibility in 2026: Indian residents and eligible non-resident Indians (NRIs) can enrol in the Pradhan Mantri Suraksha Bima Yojana (PMSBY) if they have an eligible bank or post office account, are aged 18 to 70 years, and consent to join the scheme with premium auto-debit. The annual premium is ₹20 per person, and the … Read more
If you have a bank account in India, you may have heard about two affordable government-backed insurance schemes: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). Both schemes offer insurance protection at a low annual cost. However, they do not cover the same risks. PMJJBY provides life insurance for … Read more