The details and comparison of PMJJBY Yojna & PMSBY Yojna scheme are given below.
Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY):
Pradhan Mantri Jeevan Jyoti Bima Yojna is a central government scheme. Under this scheme, the candidate will get Jeevan Suraksha of Rs. 2 Lakhs. This will be covering the people whose age is between 18 years to 50 Year. The person has to pay some monthly installments each year.
Highlights Of Pradhan Mantri Jeevan Jyoti Bima Yojna:
With the effect from 1st September, 2018, the Ministry of Finance has revised the premium payment structure on a quarterly basis.
The revised structure is as follows:
- June, July, and August – Annual Premium of Rs 330 is payable
- September, October, and November – Premium of Rs 258 is payable
- December, January, and February – Premium of Rs 172 is payable
- March, April, and May – Premium of Rs 86 is payable.
Payment Method: The premium will be directly auto-debited by the bank from the Account holder’s Savings Account held with the Bank. This is the only mode available currently. For renewal of this policy, it will be auto-debited between 25th May – 31st May, unless the customer has given the cancellation request to the bank.
Risk Coverage In Scheme: Sum assured of Rs 2 lakh on the death of the Insured member for any reason is payable to the Nominee.
To Apply For The PMJJBY AT ICICI Bank – ICICI Apply
Pradhan Mantri Suraksha Bima Yojna (PMSBY):
Pradhan Mantri Suraksha Bima Yojna is a central government scheme. Under this scheme, the candidate will get Jeevan Suraksha of Rs. 2 Lakhs. This will be covering the people who’re age is between 18 years to 70 Years. The person has to pay 12 Rs as a Yearly installment each year. And this can be extended up to the number of years he/she wants.
Similarly To Know more about the Vahali Dikri Yojna 2020- Click Here
Payment Method: The premium will be directly auto-debited by the Bank from the subscriber’s savings account held with the Bank. This is the only mode available. For the renewal of the policy, it will be auto-debited between 25th May – 31st May, unless the customer has given a cancellation request to the Bank.
Risk Coverage In Scheme: Total coverage (sum-insured) under the scheme is Rs. 2 Lakh.
|Sr.No||Table Of Benefits||Sum Insured|
|2||Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of one hand or one foot||Rs.2 Lakhs|
|3||Total and irrecoverable loss of sight of one eye or loss of use of one hand or one foot||Rs.1 Lakhs|
More Updates Related To PMJJBY & PMSBY – Ojas Gujarat
More Details Related To Latest Government Scheme – Latest 2020
So The person can enroll any of the following Bima yojna, But personally, The PMSBY is more beneficial then PMJJBY.
Hello Guy Welcome to My Government Job Information Realeted Blog. You Can Easily Track Latest Information At Ojas Gujarat. Ojas.Gujarat.gov.In is Official blog