PMJBY and PMSBY

Difference between PMSBY and PMJJBY

Lots of People are asking about the difference between the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). In this article I have tabulated the difference between both the schemes. Both the Schemes are available to the customer through their banker with auto debit of premium from their bank account annually in the month of May every year.

हिन्दी में पढें: जानिये PMSBY और PMJJBY के बीच क्या अंतर है।

These are the basis difference between the two schemes:

S. No.Feature and EligibilityPradhan Mantri Suraksha Bima Yojana (PMSBY)Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
1Age at entry18-70 years18-50 years
2Sum Assured200000200000
3Premium (Annual)Rs. 12Rs. 330
4Cover ceasing age7055
5Maturity BenefitNilNil
6Death Benefit (Not by accident)Nil200000
7Death Benefit (by accident)200000200000
8Disability of both eye, both hands, both legs or one eye and one limb200000Nil
9Disability of one eye or one limb100000Nil
10Maximum cover200000 (From any one of Bank account)200000 (From any one of Bank account)
11Risk Period1st June to 31 May every year on deduction of premium1st June to 31 May every year on deduction of premium
12Mode of PaymentAuto debit from bank accountAuto debit from bank account

 

PMJJBY and PMSBY

Both are very good social security schemes and provide a comprehensive cover to life assured if taken together in a cost of Rs. 342 annually. Readers are advised to take both the schemes together. You Just have to walk into your bank and fill the one page form each for PMSBY and PMJJBY. You can also download the forms from the link provided below in your own language.

Click Here To Download Forms of PMSBY and PMJJBY in different languages

 

35 thoughts on “Difference between PMSBY and PMJJBY”

  1. Please send me details of Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
    can LIC Agents sell this scheme to customers.

  2. kadam vinayak

    sir,
    If I have take both the policies PMSBY and PMJJBY .If I Dead in an accident can my nominee get insurance amount of both policies ie 200000+200000=400000 rupees?

    1. Sir I have two saving a/c one is in SBI and 2nd is in bank of broda I bought pmjjby(330) scheme from Bob , can I bought pmsby(12) scheme from sbi dear sir please reply soonsoon

  3. poulami bhaskar

    Sir,
    If my death has not occurred between 70 years of pmsby scheme.. then would i or my family get the insurance amount after 70 years?

  4. Sir,
    The scheme of PMJJBY i.e @ Rs 330/-, 55 years is the time period for deducting the premium. But this scheme will be closed after 55 year or as & when we die , our nominee will get this benefit.
    Please clear.
    Thanks

  5. Sir,
    In PMJJBY and PMSBJ both schemes, person is eligible to take scheme even if he has taken different policies from some other
    insurance companies. Or these scheme is only for un insured person only.
    Regards,
    DIMPAL SHAH

  6. My husband in 50 now – suppose i take pmjjby(330) on his name now then what happens?
    the premium would have to be paid till life and coverage also?
    In such a case what does 18-50 years mean?

  7. yengkhom karanjit singh

    Sir, if I take both , what will be the benefit of it. Or if my father take both what will be the benefit of it to me.

  8. Mehboob Hussain

    If a person dies after 55 in PMJBY or after 70 years on PMSBY, then will his/her family gets the amount of 2 lacs.

  9. Hi sir,
    I Have applied both the insurances through axis bank.Unfortunately i have entered the relation ship name as wrong.how to correct the relationship to husband instead of wife.

  10. sir . whether this policy only ends today. or next month also i can take these policies from bank

  11. Yashwant Singh

    can the bank auto debit the amount for the PMSBY from any account without the consent of the customer ?? if no, then whom to complaint regarding this ??

  12. Narasimhareddy

    Sir,
    I Enrolled to PMSBY through ICICI bank because it is my salary account and If I changed my salary account to some other bank or if I stopped the transactions from ICICI bank then Is this Policy will be transfer to new bank account or Do I need to continue the relationship in the same bank where it was enrolled to till 70 Years of Age.

  13. After taking this policy can I assign it to an organisation or institute?
    To explain Properly:
    I am taking educational loan and want to assign my policy assuring the same amount of policy for security purpose i.e, In case of uncertainty.

  14. Sir,
    My age is now 50years 4months and 16days. Can I apply for 330 scheme? Please reply soon

  15. PMJJBY scheme says that one can rejoin any time by paying full amount + certificate of good health.
    Is there any minimum time period for one to restart again, post which bank itself will terminate the scheme ?

  16. Dear Sir, I’m 23 now…I want to open both the policies in June 2016.. My father is 53 and mother is 46…both are not physically well..so who should be my nominee at this point of time?? Because my policies may continue till I’m 55 or 70 ..

  17. Waghchaure Prakash deoram

    Sir, I am a state govt. Servant & enrolled for PMJJBY last year. Am I eligible for this PMJJBY? Shall I continue or discontinue this scheme?

  18. Jagdish Dhakar

    Dear Sir, Whether bite by snake and fall from tree etc will be covered under PMSYB and PMJJYB (both) or not.
    What documentation required for claiming the amount in both cases(PMSYB&PMJJYB).

    1. Snakebite and fall from tree both come under accidents. To claim the in these policies you have to submit following documents to your bank itself
      1. Death certificate
      2. FIR, PMR, and Policy final reports for claims in accidental cases (if reported to police).
      3. Any forms which are issued by banks related to claims in PMSBY and PMJJBY.

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