Feature and Eligibility

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Insurance cover offered for

Accidental death/disability/accidental injury

Death due to any reason

Age at entry

18-70 years

18-50 years

Sum Assured

200000

200000

Premium (Annual)

Rs. 12

Rs. 330

Cover ceasing age

70

55

Maturity Benefit

Nil

Nil

Death Benefit (Not by accident)

Nil

200000

Death Benefit (by accident)

200000

200000

Disability of both eye, both hands, both legs or one eye and one limb

200000

Nil

Disability of one eye or one limb

100000

Nil

Maximum cover

200000 (From any one of Bank account)

200000 (From any one of Bank account)

Risk Period

1st June to 31 May every year on deduction of premium

1st June to 31 May every year on deduction of premium

Mode of Payment

Auto debit from bank account

Auto debit from bank account