Page 43 - NIS ENGLISH 1-15 May, 2026

Social Security | FLAGSHIP

Pradhan Mantri Suraksha Bima Yojana

One Year of Accident Insurance for Just ₹20

Jyoti Nihal, a 27-year-old resident of a village in the Harda district
of Madhya Pradesh, lost her husband, Murlidhar Nihal, in a sudden
accident. Murlidhar was the sole earning member of the family, which,
in addition to Jyoti, included two young children. During this difficult
time, the family found solace in a small decision Murlidhar had made
earlier—registering for the Pradhan Mantri Suraksha Bima Yojana
(PMSBY) by paying a nominal fee of ₹12 (now ₹20). This scheme
is a government-backed annual personal accident insurance plan.
When Murlidhar passed away, his wife, Jyoti, received a payout of
₹2 lakh through this scheme.
Countless such stories are associated with the PMSBY. At
the launch of the scheme, Prime Minister Modi remarked
that a dialogue in a movie once poignantly noted that
one cannot even buy a shroud for ₹12; however, the
government has introduced an insurance scheme that
has brought tangible benefits to the most economically
vulnerable sections of society.

More About PMSBY Total Claims
•n The Pradhan Mantri Suraksha Bima Yojana is Total Claims 1,76,859 57.11
an annual personal accident insurance scheme 3,277
that can be renewed every year. (Feb 2026)
2025-26*
n The scheme provides coverage of ₹2 lakh Claim Settlement 2016-17 44.09
Total
in the event of death or permanent total Amount Total
disability caused by an accident, and ₹1 lakh Amount
for permanent partial disability. ₹65.54 ₹3,537
n The annual premium is ₹20. Crore Crore February 25, 2026.
n The scheme is available to individuals aged
between 18 and 70 years. PMSBY 33.78
n The applicant must possess a bank account. enrolments
have increased
nearly 2.5 times 28.37
over the past 5
years. 23.36

18.76 Note: Figures are in crores; data for the financial year 2025-26 is as of

Note: PMSBY beneficiaries 9.42 10.02 13.52 15.74
50% 72% people
are
women from rural areas. 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26*

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