Launched on May 09, 2015, Pradhan Mantri Suraksha Bima Yojana ( PMSBY ) is an accident insurance scheme that covers accidental death, permanent disability and partial disablement. Pradhan Mantri Suraksha Bima Yojana ( PMSBY ) Apply Now Benefits Features Eligibility PMSBY offers low-cost coverage for accidental death and disability to eligible individuals aged 18 to 70 years. Learn about its features, benefits, eligibility, coverage, and how to apply through your bank or post office account. FAQs on PRADHAN MANTRI SURAKSHA BIMA YOJANA ( PMSBY ) Q1. What is the nature of the scheme?