📌 Enroll: Visit your bank or netbanking. Auto-debit ₹20 yearly. Less than ₹2/month for ₹2L cover!
❓ Frequently Asked Questions
Common questions about PMSBY Insurance Calculator
What is PMSBY?+
Pradhan Mantri Suraksha Bima Yojana - accident insurance. ₹20/year premium. ₹2 lakh accidental death/disability cover. Auto-debit from bank account.
PMSBY eligibility?+
Age 18-70 years. Indian resident. Bank account holder (Aadhaar-linked). Employed/self-employed/student all eligible. One person can have only one PMSBY.
How to enroll in PMSBY?+
Visit your bank branch or netbanking. Tick consent for ₹20 auto-debit. Form filled by bank. Auto-renewed every June 1st. SMS confirmation received.
PMSBY claim process?+
File claim with bank within 30 days. Required: FIR + post-mortem (death), disability certificate, claim form. Money credited to nominee account in 30 days.
What is covered in PMSBY?+
₹2L: Accidental death, total disability (both eyes/limbs), ₹1L: Loss of one eye/limb. Suicide, natural death NOT covered. Only accidental injuries.
PMSBY vs PMJJBY?+
PMSBY: ₹20/year, ₹2L accidental cover. PMJJBY: ₹436/year, ₹2L any-cause life cover. Both available together. Auto-debit from same bank account.
Can I have multiple PMSBY?+
No - only one per person allowed. If multiple bank accounts, premium debited from one. Multiple enrollments will be rejected. Maximum payout ₹2 lakh.
PMSBY for students?+
Yes if 18+ and have bank account. Excellent low-cost cover for hostel/college students. Parents can ensure cover by linking student's bank account.