Both Pradhan Mantri Suraksha Beema Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Beema Yojana (PMJJBY) are social security schemes to provide basic healthcare facilites to India citizens.
Let’s know Pradhan Mantri Suraksha Beema Yojana benefits and Pradhan Mantri Jeevan Jyoti Beema Yojana benefits, among other important points.
| Pradhan Mantri Suraksha Beema Yojana (PMSBY) | Pradhan Mantri Jeevan Jyoti Beema Yojana (PMJJBY)
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| Scheme Type | · Accidental insurance scheme | · Life insurance scheme |
| Eligibility | · Available to people in age group 18 to 70 years with bank account. | · 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.
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| Premium | · Rs.12 per annum.
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· Rs.330 per annum.
· It will be auto-debited in one instalment. |
| Payment Mode | · The premium will be directly auto-debited by the bank from the subscribers account on or before 1st June of each annual coverage period under the scheme.
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· The payment of premium will be directly auto-debited by the bank from the subscribers account |
| Risk Coverage | · Death: Rs 2 Lakh
· Total disability: Rs 2 Lakh · Partial disability: Rs.1 Lakh.
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· Rs.2 Lakh in case of death for any reason.
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| Terms of Risk Coverage | · A person has to opt for the scheme every year.
· She can also prefer to give a long-term option of continuing in which case his/her account will be auto-debited every year by the bank. |
· A person has to opt for the scheme every year.
· She can also prefer to give a long-term option of continuing, in which case his account will be auto-debited every year by the bank.
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| Implementation | · The scheme will be offered by all Public Sector General Insurance Companies.
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· The scheme will be offered by Life Insurance Corporation. |
| Government Contribution | · Various Ministries can co-contribute premium for various categories of their beneficiaries from their budget or from Public Welfare Fund created from unclaimed money.
· It will be decided separately during the year. · Common Publicity Expenditure will be borne by the Government.
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· Various other Ministries can co-contribute premium for various categories of their beneficiaries out of their budget or out of Public Welfare Fund created out of unclaimed money.
· This will be decided separately during the year. · Common Publicity Expenditure will be borne by Government.
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