Cover and premium
- ₹2 lakh for accidental death or total permanent disability.
- ₹1 lakh for partial permanent disability (as defined in the scheme).
- Premium: ₹20 per year, auto-debited from your savings account.
- Cover period: 1 June to 31 May, renewable every year.
Who can join
Savings account holders (bank or post office) aged 18 to 70 years. A person can be covered only once, even with several accounts.
How to join and claim
- Enrol through your bank or post office with the consent form, or via net/mobile banking where available.
- For a claim, the nominee or insured submits the claim form with documents (such as FIR and death or disability certificate) to the bank.
- Forms are available on the official Jan Suraksha portal.
Official source
Check the latest rules, benefits and forms here. KisanPe is an independent platform and is not a government website.
Jan Suraksha portal (Department of Financial Services) ↗Related on KisanPe
Common questions
What is the PMSBY premium?
₹20 per year.
What does PMSBY cover?
Accidental death and total permanent disability (₹2 lakh) and partial permanent disability (₹1 lakh). It does not cover death from illness.
Who can join?
Bank or post office savings account holders aged 18 to 70.
General guidance, not personal advice. For your farm, ask your local Krishi Vigyan Kendra or agriculture officer.
More Government Schemes & Subsidies guides
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