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 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
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????
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
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
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?
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.
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.
Are we going to get tax benefit for premium paid for both PMSBY and PMJJBY?
is it possible to pay the amount from some others account
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.
sir . whether this policy only ends today. or next month also i can take these policies from bank
policy is very good
Great initiative by Govt towards the financial independence of common man
Please send me details
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 ??
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.
save the lifi in national mr.modi scheme wel come to PMJJBY.
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.
Sir,
My age is now 50years 4months and 16days. Can I apply for 330 scheme? Please reply soon
can we make these policy PMSBY and PMJJBY for a single form by sms and internet banking
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 ?
these policies are auto-renewal or not for next year
How can I opt out of the PMJJBY?
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 ..
Sir can I take those two policies for my savings.
Sir can I take those two policies for my savings. And my father is govt. Employee
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?
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).
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.