About this scheme
Pradhan Mantri Suraksha Bima Yojana — accidental death & disability insurance. Annual premium Rs. 20. Cover: Rs. 2 lakh on accidental death/full disability, Rs. 1 lakh on partial disability. Auto-debited from bank account.
What you get
- Rs. 2 lakh cover on accidental death
- Rs. 2 lakh cover on full disability
- Rs. 1 lakh cover on partial disability
- Annual premium Rs. 20 (auto-debit)
- Tax deduction under Section 80C (premium portion)
- Covers any Indian resident aged 18-70
Who qualifies
All Indian residents aged 18-70 with a savings bank account. Auto-renewable annually as long as account active. Excellent welfare coverage for proprietor/owner himself.
All industries qualify (no NIC restriction).
Business types
Proprietorships
Available across India (central scheme).
How to apply
- 1Approach your bank
- 2Submit consent form for auto-debit
- 3Aadhaar-bank linkage verified
- 4Cover starts from June 1 of subscription year
- 5Annual auto-renewal
- 6Claim filed with bank in case of incident
Key terms and conditions
- Cover from June 1 to May 31 (annual)
- Auto-renewal if account active + Aadhaar linked
- Single account per individual
What disqualifies you
- Multiple accounts: cover from primary only
- Below 18 / above 70: not eligible
- Suicide / pre-existing condition excluded
Documents typically required
- Bank account
- Aadhaar-linked bank
- Auto-debit consent
The content above is compiled from public information published by the scheme authority. Eligibility, benefits, and procedures are subject to change. Confirm details directly with the official portal before applying. BharatSeal does not process scheme applications.