PMSBY Overview
Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a government-backed accident insurance scheme in India 2025, offering ₹2 lakh cover for accidental death or total disability and ₹1 lakh for partial disability, at an annual premium of just ₹22, renewable yearly. Facilitated by LoanPao through 500+ trusted partners, it provides financial protection against accidents for individuals aged 18–70. Enrollment is seamless with auto-debit from your savings account. For other financial solutions, explore our PMJJBY Insurance or Motor Insurance.
Enroll below or contact us at +91-971-769-5334 for assistance.
Benefits of PMSBY
Low Premium
₹22/year for ₹2 lakh cover.
Quick Enrollment
Activate within 1–2 days.
Accident Protection
₹2 lakh for death, ₹1 lakh for partial disability.
Trusted Partners
500+ banks and insurers.
Minimal Documentation
Only Aadhaar and bank details needed.
Auto-Debit Facility
Seamless premium payments.
Eligibility Criteria
| Criteria | Details |
|---|---|
| Age | 18–70 years |
| Bank Account | Savings account with auto-debit facility |
| Nationality | Indian resident |
| Income | No minimum income required |
| Health | No medical examination needed |
Contact info@loanpao.in for eligibility queries.
Documents Required
- Aadhaar Card
- Bank Account Details (passbook or statement)
- PMSBY Consent Form for Auto-Debit
- Passport-size Photograph (optional)
Note: No income proof is required for PMSBY enrollment.
How to Enroll in PMSBY
Join PMSBY with LoanPao in 3 simple steps:
- Fill the form below with your details.
- Submit Aadhaar and bank details to our partner banks.
- Activate coverage within 1–2 days post-verification.
Enroll now or call +91-971-769-5334 for support.
Compare PMSBY with Other Insurance Schemes
| Scheme | Cover Amount | Premium (p.a.) | Eligibility Age | Renewal |
|---|---|---|---|---|
| PMSBY | ₹2 lakh (death), ₹1 lakh (partial disability) | ₹22 | 18–70 | Yearly |
| PMJJBY | ₹2 lakh (life cover) | ₹436 | 18–50 | Yearly |
| Private Accident Insurance | ₹5 lakh–₹50 lakh | ₹1,000–₹10,000 | 18–65 | Yearly/Fixed Term |
Note: Details are indicative as of July 2025. Contact LoanPao for updated information.
Key Features of PMSBY
- Accident Cover: ₹2 lakh for accidental death, ₹1 lakh for permanent partial disability.
- Low Premium: ₹22/year, auto-debited from savings account.
- Wide Eligibility: Available for ages 18–70.
- Annual Renewal: Renewable yearly with auto-debit.
- Government-Backed: Administered by public sector insurers.
Why Choose LoanPao for PMSBY?
Wide Partner Network
Access 500+ banks and insurers.
Fast Enrollment
Coverage activated in 1–2 days.
24/7 Support
Contact us at +91-971-769-5334.
Tips for Enrolling in PMSBY
- Ensure your savings account is active for auto-debit.
- Verify Aadhaar linkage with your bank account.
- Enroll before May 31 each year for uninterrupted coverage.
- Contact LoanPao for assistance with trusted partners.
- Understand coverage terms, including exclusions (e.g., non-accidental injuries).