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.
| S. No. | Feature and Eligibility | Pradhan Mantri Suraksha Bima Yojana (PMSBY) | Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) |
| 1 | Age at entry | 18-70 years | 18-50 years |
| 2 | Sum Assured | 200000 | 200000 |
| 3 | Premium (Annual) | Rs. 12 | Rs. 330 |
| 4 | Cover ceasing age | 70 | 55 |
| 5 | Maturity Benefit | Nil | Nil |
| 6 | Death Benefit (Not by accident) | Nil | 200000 |
| 7 | Death Benefit (by accident) | 200000 | 200000 |
| 8 | Disability of both eye, both hands, both legs or one eye and one limb | 200000 | Nil |
| 9 | Disability of one eye or one limb | 100000 | Nil |
| 10 | Maximum cover | 200000 (From any one of Bank account) | 200000 (From any one of Bank account) |
| 11 | Risk Period | 1st June to 31 May every year on deduction of premium | 1st June to 31 May every year on deduction of premium |
| 12 | Mode of Payment | Auto debit from bank account | Auto debit from bank account |
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
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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.
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?
Is it safe to register through Netbanking as options are there ???
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
yes, it is possible
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?
What happens to my money in case of maturity in both policies?
Can one apply both policies?
There is any option to change the Nominee after some time????