PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana)

• Coverage: Life Cover

• It is promoted by the Central Govt. under Prime Minister Yojana Schemes

• Covered by Public Sector General Insurance Companies

• Rs.330 per year is the premium amount debited directly from the account

• The benefit of this cover will be available only to the nominee

• Age: 18 Years-50 Years

• Maximum Coverage is Rs.2,00,000 even with multiple a/cs

• Renewable Annually

• Claims are settled directy by the Insurance company

• Cover Period: 1st June to 31st May

PMSBY (Pradhan Mantri Surekha Bima Yojana)

• Covearge: Accident Death or Disability

• It is promoted by the Central Govt. under Prime Minister Yojana Schemes

• Covered by Public Sector General Insurance Companies

• Rs.12 per year is the premium amount debited directly before 31st May

• Renewable annually

• Age: 18 Years-70 Years

• Coverage of Rs.2,00,000 for life or full disability and of Rs.1,00,000 for partial disability

• Claims are settled directy by the Insurance Company

• Cover Period: 1st June to 31st May