Indian government have taking very good initiative for the security of middle and poor class families, by introducing policies like Pradhan Mantri Suraksha Bima Yojana (PMSBY)( (for Accidental Death and Disability)) & Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) (for life insurance)
Many people have confusion about these two policies. So for the simplicity of the users we have compared these two policies side by side. Now you can understand it better. do enroll for these policies and protect your loved ones.
Sr. No. |
Features |
Pradhan Mantri Suraksha Bima Yojana (PMSBY) |
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) |
| 1. | Eligibility | 18-70 years | 18-50 years |
| 2. | Number of Policy | One Policy Per Person | One Policy Per Person |
| 3. | When to Join the Scheme? | In any year after giving the premium subject to the age. | In any year after giving the premium subject to the age. |
| 4. | Sum Assured (Fixed) | Rs.2 lakhs | Rs.2 lakhs |
| 5. | Premium | Rs. 12 per Annum | Rs. 330 per Annum |
| 6. | Cover termination Age | At the age of 70 years | At the age of 55 years |
| 7. | Maturity Benefit | Nil | Nil |
| 8. | Death Benefit (Natural Death) | Nil | Rs.2 lakhs |
| 9. | Death Benefit (Accidental Death) | Rs.2 lakhs | Rs.2 lakhs |
| 10. | Disability of both eyes, both hands, both legs or one eye and one limb | Rs.2 lakhs | Nil |
| 11. | Disability of one eye or one limb | Rs.1 lakh | Nil |
| 12. | Maximum Insurance cover | Rs.2 lakhs (From any one of Bank account) | Rs.2 lakhs (From any one of Bank account) |
| 13. | Risk Period | 1st June to 31st May every year. | 1st June to 31st May every year. |
| 14. | Mode of Payment | Premium will be auto debited from account in the month of May every year. | Premium will be auto debited from account in the month of May every year. |
| 15. | Mandatory Document | Aadhar Card | Aadhar Card |
If you have any questions regarding Pradhan Mantri Suraksha Bima Yojana (PMSBY)( (for Accidental Death and Disability)) & Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) (for life insurance) you can ask in below comment
i want to buy this both policies kindly suggest
Is that any income limit for these two yojana ?