Pradhan Mantri Suraksha Bima Yojana 2025 – How to Apply & Claim
According to financial experts, the Pradhan Mantri Suraksha Bima Yojana (PMSBY) is one of the most affordable social security schemes launched in India. With a minimal premium of just ₹20 per year, it provides accidental insurance coverage of up to ₹2 lakh, which is highly beneficial for lower- and middle-income groups.
👉 Experts highlight three key points:
Accessibility – Since it is linked with bank accounts, enrollment is easy and transparent.
Affordability – At just ₹20 per year, no private insurer can provide such coverage.
Awareness Gap – Many rural beneficiaries are still unaware of the claim process, which reduces the scheme’s impact.
Financial planners recommend that every bank account holder should opt for PMSBY as a basic layer of protection, and later add private insurance plans for wider coverage.