Hello and welcome, In today’s fast-moving world, securing oneself against accidental risks is essential. That’s why the Indian government introduced the PM Suraksha Bima Yojana 2025, an affordable accident insurance scheme that offers wide coverage at a very low premium. This article explores every detail you need to know.
Launched to encourage financial security among citizens, this scheme ensures that even low-income individuals can access quality accident insurance. Whether you live in a village or city, you can easily avail the benefits of this scheme.
What is PM Suraksha Bima Yojana 2025?
PM Suraksha Bima Yojana 2025 is a government-backed accidental insurance scheme available for people aged between 18 and 70 years. It offers coverage against accidental death and disability.
The most attractive aspect is its affordability. At just Rs.12 per annum, it provides financial support in case of death or disability due to an accident. It is managed by public sector insurance companies with support from participating banks.
Key Features and Coverage
This scheme provides comprehensive coverage with minimal documentation. Here are the key points to remember.
- Accidental death coverage : Rs.2 lakh
- Permanent total disability : Rs.2 lakh
- Permanent partial disability : Rs.1 lakh
- Premium : Rs.12/year (auto-debited)
- Renewable yearly
The scheme is simple and transparent, with minimal paperwork. Once enrolled, the policy is auto-renewed annually unless cancelled.
Eligibility Criteria for PM Suraksha Bima Yojana 2025
To ensure maximum coverage, the scheme has been designed to be inclusive. Here’s what makes you eligible.
- Age must be between 18 and 70 years
- A savings bank account is mandatory
- Aadhaar must be linked with the bank account
Even people from rural or low-income backgrounds can easily apply if they meet these simple criteria.
How to Apply for PM Suraksha Bima Yojana 2025
Applying is easy and can be done through multiple channels. You can apply through banks, mobile apps, or online portals. For instance, major banks like SBI allow digital enrollment through their PMSBY online page.
- Visit your bank branch or internet banking portal
- Download the PMSBY form or apply digitally
- Submit the form or complete e-mandate
- Ensure Aadhaar is linked to the bank account
Banks like SBI, PNB, and others allow online applications through net banking or SMS.
Benefits of PM Suraksha Bima Yojana 2025
There are many reasons why this scheme is beneficial for everyone. Here are the major advantages.
- Financial protection against unforeseen accidents
- Wide network of public and private sector banks
- Automatic renewal process
- Affordable premium for all economic classes
Additionally, this scheme empowers economically weaker sections by providing insurance at a nominal rate.
Claim Process of PM Suraksha Bima Yojana 2025
Filing a claim is simple and user-friendly. It involves minimal documentation and time.
- Inform the bank/insurance company about the accident
- Submit required documents (death/disability certificate, bank details, claim form)
- Verification by the insurance company
- Claim disbursal within 30 days
Beneficiaries must ensure they submit claims within the stipulated timeline, usually 30 days from the incident.
Renewal Process and Validity
The policy is valid for one year and is renewable annually. Here are the steps.
- Premium is auto-debited before May 31 each year
- Ensure sufficient balance in bank account
- No need to reapply each year if mandate continues
In case of closure of the bank account or insufficient funds, the scheme may not be renewed.
Important Documents Required
A few basic documents are necessary to enroll and make claims.
- Aadhaar card (linked to bank account)
- Savings account details
- Application form (physical or digital)
- Death or disability certificate (in case of claims)
Documentation is kept simple to encourage participation among all income groups.
Comparison with Other Insurance Schemes
In India, multiple government schemes offer financial protection. Let’s compare PMSBY with others.
- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) : Offers life insurance at Rs.330/year
- Ayushman Bharat : Focuses on health coverage up to Rs.5 lakh
- PMSBY : Specially for accidental coverage at Rs.12/year
Each scheme serves a unique purpose and complements the others in ensuring total financial safety.
Banks Offering PM Suraksha Bima Yojana 2025
Most nationalized and private sector banks participate in this scheme. Some examples include.
- State Bank of India (SBI)
- Punjab National Bank (PNB)
- Bank of Baroda (BoB)
- HDFC Bank
- ICICI Bank
These banks allow enrollment through net banking, SMS, or physical forms.
Government Support and Role
This scheme is a flagship initiative under Jan Suraksha. The government provides guidelines and ensures smooth implementation through banks and insurers.
For detailed and official updates, users can visit the Jan Suraksha Portal launched by the Government of India.
Additionally, the Ministry of Finance monitors progress and ensures widespread awareness through campaigns and drives.
Who Should Opt for PM Suraksha Bima Yojana?
Anyone looking for basic accidental insurance should opt for PMSBY. It is ideal for.
- Daily wage workers
- Farmers and laborers
- Senior citizens
- Students and unemployed individuals
Given the low cost, this policy is ideal for anyone with limited financial resources.
Frequently Asked Questions (FAQs)
Q1. Can I apply for PMSBY without Aadhaar?
No, Aadhaar is necessary as it must be linked with the savings account used for premium debit.
Q2. Is there an age limit to enroll?
Yes, only individuals between 18 to 70 years can apply.
Q3. How do I know if my policy is active?
You can check status through your bank’s mobile app or internet banking portal.
Q4. Can I enroll through multiple banks?
No, only one account can be used per person. Multiple enrollments are not allowed.
Q5. What happens if I don’t have Rs.12 in my account?
Your policy may lapse if the premium isn’t deducted before the deadline.
Q6. What is the claim settlement time?
Usually within 30 days after submission of all valid documents.
Conclusion
PM Suraksha Bima Yojana 2025 is a commendable step towards inclusive financial security. At just Rs.12 per year, it offers significant accidental coverage that can protect you and your family in difficult times. Whether you are a worker, student, or retiree, this scheme is a must-have.
Want others to benefit? Share this article with your friends and family today.
Disclaimer : This content is for general informational purposes only. Please refer to official government sources or your bank for verified details.
I’m Vivek Raj, the founder and lead author of rfbindia.com. With a B.Com degree and over 3 years of writing experience, I cover automobiles, gadgets, and the latest news in a simple and reliable way. My goal is to deliver accurate and engaging content that helps readers stay informed and make better decisions. Stay connected with rfbindia.com for the latest updates from the tech and auto world.