Pradhan Mantri Suraksha Bima Yojana

Launch Date: 9.5.2015


To provide a very affordable insurance scheme for the poor and underprivileged people in the age group of 18 to 70 years with a bank account at a premium of Rs.12 per annum;

risk coverage of Rs.2 lakhs for accidental death and full disability and Rs.1 lakh for partial disability. 


         As on Feb 2018, 13 crore 25 lakh persons have been insured with personal accident cover of Rs.2 lakh on payment of a premium of only Rs.12 per annum.