The pressure tube is a major component of the CANDU reactor, which supports nuclear fuel bundle and heavy water coolant. Pressure tubes are installed horizontally inside the reactor and only selected samples are periodically examined during in-service inspection. In this respect, a probabilistic safety assessment method is more appropriate fur the assessment of overall pressure tube safety. The failure behavior of CANDU pressure tubes, however, is governed by delayed hydride cracking which is the major difference from pipings and reactor pressure vessels. Since the delayed hydride cracking has more widely distributed governing parameters, it is impossible to apply a general PFM methodology directly. In this paper, a PFM methodology for the safety assessment of CANDU pressure tubes is introduced by applying Monte Carlo simulation in determining failure probability Initial hydrogen concentration, flaw shape and depth, axial and radial crack growth rate and fracture toughness were considered as probabilistic variables. Parametric study has been done under the base of pressure tube dimension and hydride precipitation temperature in calculating failure probability. Unstable fracture and plastic collapse are used for the failure assessment. The estimated failure probability showed about three-order difference with changing dimensions of pressure tube.