Whatsapp     Request Call     Contact Us

PMJBY/PMSBY

Pradhan Mantri Suraksha Bima Yojana [PMSBY]
Eligibility

Available to people aged 18 to 70 years with a bank account linked to Aadhaar. Submit a simple form before June 1 every year. Nominee name required. Premium is tax-free under 80C. Proceeds over ₹1 lakh attract 2% TDS unless Form 15G/H is submitted.

Premium

₹20 per annum.

Payment Mode

The premium will be auto-debited from the subscriber’s bank account. No other payment mode is available.

Risk Coverage

₹2 Lakh for accidental death or full disability; ₹1 Lakh for partial disability.

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

Rs 436 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.