PMSBY 2026: Eligibility, Benefits & How to Apply
₹2 lakh accident insurance for just ₹20 a year.
Always confirm on the official portal before applying. We summarise the scheme in plain language and link to the government source; rules can change. Last verified October 21, 2026.
Official portal →
Benefit
₹2 lakh for accidental death or total permanent disability, and ₹1 lakh for partial permanent disability, for ₹20 a year.
Who is eligible
- Age 18 to 70, with a savings bank or post office account.
Who is not eligible
- People younger than 18 or older than 70.
Documents you need
- Savings bank account
- Aadhaar (KYC)
- Enrolment/consent form for auto-debit
How to apply
- Enrol through your bank branch, net banking, or post office.
- Give consent for the ₹20 annual premium to be auto-debited.
Official website: jansuraksha.gov.in. Cover runs from June 1 to May 31 each year.
Administered by the Ministry of Finance (Department of Financial Services). You can also search all central and state schemes on the government's myScheme portal.
Frequently Asked Questions
What is the premium for PMSBY?
₹20 per year for ₹2 lakh accident cover.
What is the age limit for PMSBY?
18 to 70 years.
Find other schemes you may qualify for
Answer a few questions in our government schemes eligibility finder.
- PMJJBY: ₹2 lakh life insurance for death from any cause, for ₹436 a year, auto-debited from your bank account.
- Atal Pension Yojana: A guaranteed monthly pension of ₹1,000 to ₹5,000 from age 60, mainly for workers in the unorganised sector.