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Pmjjby & Pmsby - Scheme Details: ST ST

PMJJBY and PMSBY are one year insurance schemes offering life and accident insurance respectively. PMJJBY provides a life insurance cover of Rs. 2 lakhs for death due to any reason, while PMSBY offers accidental death and permanent disability coverage of Rs. 2 lakhs and Rs. 1 lakh respectively. Both schemes are available to individuals between 18-50 years with a savings bank account and can be renewed annually by paying premiums of Rs. 330 and Rs. 12 per annum respectively.

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Shruthapradha Parthasarathy
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68 views1 page

Pmjjby & Pmsby - Scheme Details: ST ST

PMJJBY and PMSBY are one year insurance schemes offering life and accident insurance respectively. PMJJBY provides a life insurance cover of Rs. 2 lakhs for death due to any reason, while PMSBY offers accidental death and permanent disability coverage of Rs. 2 lakhs and Rs. 1 lakh respectively. Both schemes are available to individuals between 18-50 years with a savings bank account and can be renewed annually by paying premiums of Rs. 330 and Rs. 12 per annum respectively.

Uploaded by

Shruthapradha Parthasarathy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PMJJBY & PMSBY -SCHEME DETAILS

S.No Features Pradhan Mantri Jeevan Pradhan Mantri Suraksha Bima


Jyoti Bima Yojana Yojana
(PMJJBY) (PMSBY)
1. About the PMJJBY is a one year PMSBY is a one year Accident
Scheme Insurance scheme insurance scheme offering
offering life insurance accidental death and Total
cover for death due to Permanent disability cover on
any reason. The Policy account of an accident. The
should be renewed every Policy should be renewed
year. every year.
2. Eligibility Available to people in the Available to people in the age
age group of 18 to 50 group of 18 to 70 years, and
years, and having a having a Savings Bank
Savings Bank Account. Account.
Can be renewed till 55
years of age.

3. Premium If enrolled between Rs.12/- per annum


 June – Aug : Rs 330/-
 Sep - Nov : Rs 258/-
 Dec- Feb : Rs 172/-
 Mar- May : Rs 86/-
4. Risk Coverage Rs.2 .00 Lakhs in case of  For Accidental Death:
Death due to any reason Rs 2.00 Lakhs.

 For Total and Permanent


Disability: Rs 2.00 Lakhs or
Rs.1 Lakh depends upon the
disability percentage.
5. Lien Period 45 Days from the Date of NA
enrolment in-case of
Natural Death.
6 Policy Period 1st June to 31st May of the Subsequent year
7. Our Insurance LIC of India Universal Sompo General
Partner Insurance Co.Ltd
8 Renewal During May month every year
( irrespective of the Date of Enrolment)
9 Renewal Premium Rs 330/- per annum Rs.12/- per annum
For further details contact your IOB Branch

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