Social Security For All

Pradhan Mantri Suraksha
Bima Yojana (PMSBY)

A highly affordable, government-backed accident insurance scheme designed to provide financial protection to you and your family in times of sudden crisis.

Enroll Now

Key Scheme Highlights

Secure yourself with maximum coverage at a minimum premium. PMSBY is an accessible risk cover for every Indian citizen.

₹2 Lakh Accident Cover

Provides a risk coverage of ₹2 Lakh for accidental death and full disability, and ₹1 Lakh for partial disability.

Extremely Affordable

At just ₹20 per annum per member, this is one of the most accessible accident insurance policies in the country.

Auto-Debit Facility

The premium is automatically deducted from your Meghalaya Rural Bank savings account every year before the 1st of June.

Frequently Asked Questions

Any individual between the ages of 18 and 70 years holding a participating savings bank account is eligible to join the scheme.
The policy offers ₹2 Lakh for accidental death or total and irrecoverable loss of both eyes or loss of use of both hands or feet. It also offers ₹1 Lakh for the partial loss (e.g., one eye or one limb) due to an accident.
The annual premium of ₹20 is directly auto-debited from your linked bank account every year. This ensures continuous coverage without the need for manual renewals.
No. An individual can hold only one PMSBY policy at a time, even if they have multiple savings accounts across different banks.
The policy period runs from 1st June to 31st May every year. The auto-debit usually occurs on or before the 31st of May.

Ensure Your Peace of Mind

Visit your nearest branch to fill out the auto-debit consent form and secure your accidental insurance coverage today.

Locate a Branch