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ICICI Bank ICICI Bank

Affordable Accident Cover, Just ₹20/Year

 

Pradhan Mantri Suraksha Bima Yojana (PMSBY) offers accident insurance​​​​. Get coverage of ₹2 lakh for accidental death or full disability and ₹1 lakh for partial disability, at just ₹20 per year. Enrol online or offline and pay via auto-debit.

 

ENROLL NOW

BEST FOR

Individuals aged 18 to 70

  • Those looking for accident cover

  • People in high-risk work environments

  • Anyone seeking low-cost financial protection

  • Tax planners claiming deductions under 80C

About the Product

Accident Cover for All

The scheme offers financial protection in case of unforeseen accidents. In the unfortunate event of accidental death or total permanent disability (such as complete loss of both eyes, both limbs, or one eye and one limb), the insured amount of ₹2 lakh is paid to the nominee. For partial permanent disability (such as loss of one eye or one limb), the cover provides ₹1 lakh.

Easy Enrolment & Renewal

Enrol online or offline with a simple auto-debit of ₹20 from your ICICI Bank account. The policy auto-renews annually, ensuring uninterrupted protection.

Coverage Until Age 70

Stay protected until you reach 70 years of age, provided your premiums are paid each year. 

Government-Backed Trust 

Offered in collaboration with ICICI Lombard under the Government of India’s initiative, this scheme is reliable and affordable for all eligible citizens. 

Tax Deduction Benefits 

The ₹20 premium qualifies for deductions under Section 80C of the Income Tax Act.

Policy Renewal
  • Automatic renewal each year 
  • ₹20 premium auto-debited between May 25–31 
  • To cancel, submit request before April 30

Termination Conditions 
  • When the customer turns 70 
  • Closure of bank account or insufficient balance 
  • If multiple PMSBY policies are held (only one allowed) 
  • If mobile number is not updated in bank records

Note-

  • For Joint Account Holders opting to enroll for PMSBY/ PMJJBY, request shall be given only at the ICICI Bank Branch.
  • *Terms and conditions apply.

FAQs

Who is eligible for PMSBY?

ICICI Bank Savings Account holders between 18 and 70 years with Aadhaar-linked accounts.

What does the ₹20 premium cover? 

It covers accidental death, total and partial permanent disability up to ₹2 lakh.

Can I enrol in more than one PMSBY policy? 

No, only one policy is allowed per person. Multiple enrolments are invalid.

How do I cancel my policy? 

Submit a cancellation request before April 30 of the policy year.

Are there any exclusions? 

Yes, exclusions include suicide, intoxication-related injuries, and unlawful activities.

 

 

 

 

Disclaimer

Pradhan Mantri Suraksha Bima Yojana is underwritten by ICICI Lombard General Insurance Company Ltd. ICICI Bank Limited (IRDAI Regn No.: CA0112) acts as a Corporate Agent. Terms and conditions apply. Please read the policy document for full details, exclusions, and benefits.

Disclaimer

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