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Pradhan Mantri Suraksha Beema Yojana

Published on July 27, 2019
Current context: Uttar Pradesh became the number one state in implementation of the PM Suraksha Beema Yojna in the country.
Pradhan Mantri Suraksha Beema Yojana
  • PMSBY is an accident insurance scheme that offers accidental death and disability cover for one-year, which can be renewed annually.
  • The scheme is scheduled to operate from June 1 to May 31 of the subsequent year. The subscriber is given an option to join/pay by auto-debit by May 31 of every year.
  • PMSBY cover accidents, disability and death resulting from natural calamities and death due to murder is covered under PMSBY whereas death due to suicide is not covered.
  • Under PMSBY, up to Rs 2 lakh of risk coverage is available for accidental death and total permanent disability, and Rs 1 lakh for permanent partial disability.
  • All individual and even NRIs in the 18-70 year age group with a (single or joint) bank account including are eligible to join PMSBY.
  • Permanent total disability is defined as irrecoverable/total loss of both eyes or loss of use of both hands/feet or loss of eyesight and loss of use of a hand/foot.
  • Permanent partial disability is defined as total/irrecoverable loss of an eyesight or loss of use of a hand/foot.
  • The subscriber has the option to take benefit of the cover in addition to any other insurance plan.


Q.1 Pradhan Mantri Suraksha Beema Yojna is applicable to?
a. Small traders and vendors of age group 18-60 years
b. Shopkeepers and small businessman of age group 18-40 years
c. All individuals of age group 18-70 years
d. None of them
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