PMJJBY and PMSBY are one year insurance schemes offering life and accident insurance respectively. PMJJBY provides a life insurance cover of Rs. 2 lakhs for death due to any reason, while PMSBY offers accidental death and permanent disability coverage of Rs. 2 lakhs and Rs. 1 lakh respectively. Both schemes are available to individuals between 18-50 years with a savings bank account and can be renewed annually by paying premiums of Rs. 330 and Rs. 12 per annum respectively.
PMJJBY and PMSBY are one year insurance schemes offering life and accident insurance respectively. PMJJBY provides a life insurance cover of Rs. 2 lakhs for death due to any reason, while PMSBY offers accidental death and permanent disability coverage of Rs. 2 lakhs and Rs. 1 lakh respectively. Both schemes are available to individuals between 18-50 years with a savings bank account and can be renewed annually by paying premiums of Rs. 330 and Rs. 12 per annum respectively.
PMJJBY and PMSBY are one year insurance schemes offering life and accident insurance respectively. PMJJBY provides a life insurance cover of Rs. 2 lakhs for death due to any reason, while PMSBY offers accidental death and permanent disability coverage of Rs. 2 lakhs and Rs. 1 lakh respectively. Both schemes are available to individuals between 18-50 years with a savings bank account and can be renewed annually by paying premiums of Rs. 330 and Rs. 12 per annum respectively.
S.No Features Pradhan Mantri Jeevan Pradhan Mantri Suraksha Bima
Jyoti Bima Yojana Yojana (PMJJBY) (PMSBY) 1. About the PMJJBY is a one year PMSBY is a one year Accident Scheme Insurance scheme insurance scheme offering offering life insurance accidental death and Total cover for death due to Permanent disability cover on any reason. The Policy account of an accident. The should be renewed every Policy should be renewed year. every year. 2. Eligibility Available to people in the Available to people in the age age group of 18 to 50 group of 18 to 70 years, and years, and having a having a Savings Bank Savings Bank Account. Account. Can be renewed till 55 years of age.
3. Premium If enrolled between Rs.12/- per annum
June – Aug : Rs 330/- Sep - Nov : Rs 258/- Dec- Feb : Rs 172/- Mar- May : Rs 86/- 4. Risk Coverage Rs.2 .00 Lakhs in case of For Accidental Death: Death due to any reason Rs 2.00 Lakhs.
For Total and Permanent
Disability: Rs 2.00 Lakhs or Rs.1 Lakh depends upon the disability percentage. 5. Lien Period 45 Days from the Date of NA enrolment in-case of Natural Death. 6 Policy Period 1st June to 31st May of the Subsequent year 7. Our Insurance LIC of India Universal Sompo General Partner Insurance Co.Ltd 8 Renewal During May month every year ( irrespective of the Date of Enrolment) 9 Renewal Premium Rs 330/- per annum Rs.12/- per annum For further details contact your IOB Branch