PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA [PMJJBY]

• Eligibility: Available to people in the age group of 18 to 50 and having a bank account. People who join the scheme before completing 50 years can, however, continue to have the risk of life cover up to the age of 55 years subject to payment of premium.
• Premium: Rs436 per annum. It will be auto-debited in one instalment.
• Payment Mode: The payment of premium will be directly auto-debited by the bank from the subscribers account.
• Risk Coverage: Rs. 2 Lakh in case of death for any reason.

PRADHAN MANTRI SURAKSHA BIMA YOJANA (PMSBY)

• Eligibility: Available to people in age group 18 to 70 years with bank account.
• Premium: Rs 20/- per annum.
• Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available.
• Risk Coverage: For accidental death and full disability Rs 2 Lakh and for partial disability Rs 1 Lakh.