|Ministry / Department||N/A|
|Launch Date||9 May 2015|
|Beneficiaries||People b/w 18 to 70 years age|
Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme in India and is available to people between 18 and 70 years of age with bank accounts. PMSBY scheme has an annual premium amount of Rs. 12 and this amount would be automatically debited from the account. The accident insurance scheme coverage is of 1 year i.e from 1 June to 31 May offered through banks and administered through public sector general insurance companies. In case of accidental death or full disability, the payment to the nominee will be Rs. 2 lakh while in case of partial permanent disability, payment to the nominee would be of Rs. 1 lakh.