Egiye Bangla | Official Portal of Govt of West Bengal

Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a goverment-backed accident insurance scheme in india that provides coverage for death or disability due to accidents at an affordable annual premium. it offers a sum insured of up to Rs2 lakh and is available to individuals aged 18-70 who have a bank account for auto-debit of the premium.

Benefits Offer Under the Scheme

• Accident insurances cover of Rs 2 lakh is provided in case of the insured person's death (due to any cause, including natural or accidental).
• Affordable annual premium of only Rs 20 per year, making it accessible to a wide section of the population.
• Auto-debit facility from the subscriber's bank account ensures easy premium payment and policy renewal.
• Hassle-free enrolment through participating banks with minimal documentation.
• Renewable every year, allowing continued coverage as long as eligibility criteria are met.

Eligibility

• Age: Applicant must be between18 and 70 years.
• Bank account: Must have an active savings bank account (single or joint).
• Consent for auto-debit: Must provide consent for automatic premium debit from the bank account.
• Aadhaar linkage: Aadhaar is recommended/preferredas the primary KYC document.
• Annual renewal: The policy must be renewed every year (coverage runs from June 1to May31).
• Single policy rule: Individual can enrol through only one bank account even if holding multiple accounts.

Application Details

• Visit bank or enrol online - Approach your bank branch or use net banking/mobile bankingto access the PMSBY enrolment form.
• Fill the application form - Provide required details such as name, age, bank account number, and nominee details.
• Provide consent - Authorize the bank to auto-debit the annual premium from your savings account.
• Provide KVC details - Submit Aadhaar or other valid KYC documents, if not already updated withthebank
• Submission & confirmation - Submit the form (offline/online) and receive acknowledgment of enrolment.
• Policy activation - Coverage becomes active from the applicable coverage period (usually starting June1) after successful premium debit.