Pradhan Mantri Suraksha Bima Yojana milestone
Pradhan Mantri Suraksha Bima Yojana milestone
PMSBY affordable accident insurance to millions of Indians.
Launched in 2015, this government-backed initiative ensures financial security to economically vulnerable citizens with an annual premium of just 20.
Since its inception, PMSBY has enrolled over 50.54 crore beneficiaries, providing coverage for accidental death and disability. As of April 2025, insurance claims worth 2,728.85 crore have been disbursed, offering crucial financial relief to affected families.
One such beneficiary, Jyoti Nihal, a young mother from Madhya Pradesh, found solace in PMSBY after her husband’s tragic accident. The 2 lakh payout helped her clear debts, support her children’s education, and rebuild her life.
The scheme, administered through banks and insurance firms, ensures automatic renewal via auto-debit, making it accessible to all eligible citizens aged 18-70 years. The government continues to expand awareness through state-level campaigns, banking correspondents, and financial literacy drives.
As PMSBY celebrates its decade-long journey, its impact on financial inclusion and social security remains unparalleled. This initiative has proven that a small investment can make a huge difference, securing millions against life’s uncertainties.
