Difference between PMSBY and PMJJBY

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