Government insurance schemes and important protection updates
Understand who may qualify, what is covered, current published cost, limitations and where to verify or enrol.
Government and private products are different. This page lists only reviewed public schemes. WorkHelp does not rank or sell private insurance and is not an insurer or adviser.
Government scheme
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Low-cost, one-year renewable accident insurance linked to a bank or post-office account.
Who may benefit
Adults who want a basic accident cover layer
People who can maintain auto-debit in an eligible account
Benefits
₹2 lakh for accidental death or total disability
₹1 lakh for specified partial disability
₹20 annual premium on the current official page
Limits and exclusions
Accident-only cover
One-year renewable cover; account balance and auto-debit matter
Not a substitute for broader health or life insurance
Published cost: ₹20 per year on the current official page; verify before enrolment.
Verification
Source: Department of Financial Services, Government of India
