Pradhan Mantri Jeevan Jyoti Bima Yojana & Pradhan Mantri Suraksha Bima Yojana

PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana)	PMSBY (Pradhan Mantri Surakhsa Bima Yojana)
PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is a life insurance scheme.	PMSBY (Pradhan Mantri Suraksha Bima Yojana) is an accidental insurance scheme.
The age limit for PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is minimum 18 years and maximum 50 years.	The age limit for PMSBY (Pradhan Mantri Suraksha Bima Yojana) is minimum 18 years and maximum of 70 years.
The annual premium for PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is Rs 330. The premium could vary depending on the prevailing tax rates, age and location.	The annual premium for PMSBY (Pradhan Mantri Suraksha Bima Yojana) is Rs 12. Please note premium could vary depending on location, prevailing GST rates, and age.
As per PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana), cover for the death of the insured is given regardless of the cause of the death. The money would be paid to the nominee in case of death of the insured.	PMSBY (Pradhan Mantri Suraksha Bima Yojana) provides cover for death or disability by an accident. The money would be paid to the nominee in case of death of the insured.

Some of the similarities between PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) and PMSBY (Pradhan Mantri Suraksha Bima Yojana) are given below.

Both the above schemes have tax benefits i.e the premium paid is tax-free.
Both the above policies PMJJBY and PMSBY will not lapse in case the premium is not paid.
PMJJBY and PMSBY are Government-backed insurance schemes, and it can be availed by all the residents of India, irrespective of their incomes. Both the schemes were introduced by the Government
Both the above schemes, PMJJBY and PMSBY are available in Private and Public Sector banks. Need to have a Savings Bank Account to avail the schemes.

Source: TH

Join Our Telegram

Oceanic Anoxic Event 1a and MASS EXTINCTION

Oceanic Anoxic Event 1a and MASS EXTINCTION

25 Dec, 24
SHARE

Oceanic Anoxic Event 1a from the Paris Basin (Environment) Paper-3 PMP OAE 1a refers to a period during the Cretaceous Period (145 million years ago and ended 66 million years ago) when Earth's oceans became depleted of oxygen, causing a significant disruption in marine life. Cause: The event is believed to have been

Viksit Panchayat Karmayogi (Good governance)

26 Dec, 24
SHARE

Viksit Panchayat Karmayogi (Good governance) Governance GS PAPER-2 PMP Dr. Jitendra Singh launched the ‘Viksit Panchayat Karmayogi’ initiative on Good Governance Day, celebrated to mark the 100th birth anniversary of former Prime Minister Atal Bihari Vajpayee. The initiative, which is part of the broader ‘Prashasan Gaon

Major programmes to control Air Pollution

23 Dec, 24
SHARE

Major programmes to control Air Pollution National Clean Air Programme? It was launched by the Ministry of Environment, Forests and Climate Change (MoEFCC) in January 2019. It is the first-ever effort in the country to frame a national framework for air quality management with a time-bound reduction target. The

Air pollution and Air quality Measures in India

21 Dec, 24
SHARE

Air pollution and Air quality Measures in India (Environment) GS Paper-3 P-M-P Air pollution may be defined as the presence of any solid, liquid or gaseous substance including noise and radioactive radiation in the atmosphere in such concentration that may be directly and/or indirectly injurious to humans or other l

Geopolitical Significance of Ports

20 Dec, 24
SHARE

Geopolitical Significance of Ports (IR) Act as geopolitical assets: Ports enhance the projection of strategic reach, which helps strengthen the country’s control over important sea and energy supply routes. E.g. Indian Navy’s staging base at Agalega Islands will enable marine patrols