PMSBY Enrolments Surpass 51 Crore in April, Marking 443% Growth Over 10 Years

 The Pradhan Mantri Suraksha Bima Yojana (PMSBY), the government’s flagship accident insurance scheme, has recorded a major milestone with cumulative enrolments crossing 51.06 crore in April 2025, according to a statement by the Ministry of Finance on May 9. This reflects a staggering 443% increase since March 2016, when enrolments stood at 9.40 crore.




PMSBY, launched in May 2015, offers accident insurance coverage of ₹2 lakh for an annual premium of just ₹20. The scheme is aimed at providing affordable insurance to individuals between the ages of 18 and 70 who hold a savings bank account.

Sharing the update on social media platform X, the finance ministry said, “PM Suraksha Bima Yojana! Cumulative enrolments under PMSBY have risen by 443 percent, from 9.40 cr in March 2016 to 51.06 cr in April 2025. Affordable security at just Rs 20 per year.”

The scheme has gained significant traction among the unorganised and low-income sectors, thanks to its low premium and easy accessibility. PMSBY is implemented through banks and insurance companies in coordination with the finance ministry

Comments

Post a Comment

Popular posts from this blog

Discover the Elegance of a C Shape Sofa

 If you're looking for a statement piece that blends comfort and style, a  C shape sofa  is the perfect addition to your living room. Its innovative design offers a unique seating arrangement that encourages socializing while providing ample space for relaxation. Whether you're hosting a gathering or unwinding after a long day, the C shape sofa ensures a cozy experience. What makes a C shape sofa stand out is its distinctive curved form. The C shape allows everyone to face each other, making it ideal for creating an intimate atmosphere during conversations or family get-togethers. This design also helps maximize space, as the curved structure can be placed in a corner or in the center of the room without overwhelming the space. It’s an excellent choice for modern living rooms that require both functionality and aesthetics. Available in a range of materials and styles, C shape sofas can suit any home decor. Leather, fabric, and velvet options are just a few of the materia...
Read more

Key Advantages of Opening a Free Demat Account Online

 Start smart investing with zero-cost solutions.  opening   Demat Account  and gain access to efficient trading options. Enjoy secure portfolio management and quick online account setup. Quick Tips for Opening Your Demat Account Research Broker Options Thoroughly Take your time to evaluate brokers based on their fees, user reviews, and platform features to ensure they align with your trading goals. Select the Right Demat Account Type For occasional investors, a basic services demat account (BSDA) works best. Frequent traders should choose a standard account to match their needs. Understand All Associated Fees Be sure to review all charges, including annual maintenance fees, transaction costs, and account opening fees to avoid hidden surprises. Have Your Documents Ready Prepare your PAN card, Aadhaar, proof of address, and bank details for a faster and smoother account opening process. Check for Strong Security Features Choose brokers that offer advanced security meas...
Read more

Embracing a Happier, Healthier You: The Power of Holistic Counselling, Coaching, and Therapy

  Life is an unpredictable journey filled with twists and turns, presenting challenges that can sometimes feel insurmountable. However, the key to overcoming these obstacles lies in our ability to adapt, grow, and seek support. Holistic counselling, coaching, and therapy offer a comprehensive approach to self-improvement, empowering individuals to navigate life's challenges and embrace a happier, healthier version of themselves. Understanding Holistic Approaches: Holistic approaches to counselling, coaching, and therapy go beyond addressing surface-level issues. They acknowledge the interconnectedness of mind, body, and spirit, recognizing that true well-being encompasses various aspects of our lives. Rather than focusing solely on symptoms, holistic practitioners consider the root causes of challenges and work towards creating a harmonious balance in all areas of life. Tailored Solutions for Individual Needs: No two individuals are the same, and neither are their challenges. Holis...
Read more