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. These are the basis difference between the two schemes:

S. No.Feature and EligibilityPradhan Mantri Suraksha Bima Yojana (PMSBY)Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
1Age at entry18-70 years18-50 years
2Sum Assured200000200000
3Premium (Annual)Rs. 12Rs. 330
4Cover ceasing age7055
5Maturity BenefitNilNil
6Death Benefit (Not by accident)Nil200000
7Death Benefit (by accident)200000200000
8Disability of both eye, both hands, both legs or one eye and one limb200000Nil
9Disability of one eye or one limb100000Nil
10Maximum cover200000 (From any one of Bank account)200000 (From any one of Bank account)
11Risk Period1st June to 31 May every year on deduction of premium1st June to 31 May every year on deduction of premium
12Mode of PaymentAuto debit from bank accountAuto 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


54 Comments on "Difference between PMSBY and PMJJBY"

  1. Please send me details of Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
    can LIC Agents sell this scheme to customers.

  2. kadamvinayak080@gmail.com' kadam vinayak | May 9, 2015 at 1:11 pm |

    If I have take both the policies PMSBY and PMJJBY .If I Dead in an accident can my nominee get insurance amount of both policies ie 200000+200000=400000 rupees?

    • Yes, If both the policies are taken and life assured dies due to accident then his/her nominee will get the sum of Rs. 400000 (Rs. 200000 for PMSBY + Rs. 200000 for PMJJBY)

  3. Is it safe to register through Netbanking as options are there ???

  4. poulami.bhaskar@gmail.com' poulami bhaskar | May 11, 2015 at 12:07 pm |

    If my death has not occurred between 70 years of pmsby scheme.. then would i or my family get the insurance amount after 70 years?

  5. tahmad72@gmail.com' Taufique Ahmad | May 13, 2015 at 11:31 am |

    There is any option to change the Nominee after some time????

  6. v.vyas02@rediffmail.com' vinod vyas | May 14, 2015 at 4:39 pm |


    The scheme of PMJJBY i.e @ Rs 330/-, 55 years is the time period for deducting the premium. But this scheme will be closed after 55 year or as & when we die , our nominee will get this benefit.
    Please clear.


  7. ds_dimpal@yahoo.com' DIMPAL SHAH | May 15, 2015 at 4:52 pm |

    In PMJJBY and PMSBJ both schemes, person is eligible to take scheme even if he has taken different policies from some other
    insurance companies. Or these scheme is only for un insured person only.

    • Anyone who already insured under different schemes of Insurance companies can also take PMSBY and PMJJBY schemes. There no restriction that person has to be uninsured.

  8. My husband in 50 now – suppose i take pmjjby(330) on his name now then what happens?
    the premium would have to be paid till life and coverage also?
    In such a case what does 18-50 years mean?

    • 18-50 means only the persons between this age can take PMJJBY, its the entry age. And cover will end at the age of 55 and deduction of premium from account will be discontinued.

  9. karancfh@gmail.com' yengkhom karanjit singh | May 16, 2015 at 5:29 pm |

    Sir, if I take both , what will be the benefit of it. Or if my father take both what will be the benefit of it to me.

  10. mehboobshishgar@gmail.com' Mehboob Hussain | May 16, 2015 at 9:18 pm |

    If a person dies after 55 in PMJBY or after 70 years on PMSBY, then will his/her family gets the amount of 2 lacs.

  11. Are we going to get tax benefit for premium paid for both PMSBY and PMJJBY?

  12. Hi sir,

    I Have applied both the insurances through axis bank.Unfortunately i have entered the relation ship name as wrong.how to correct the relationship to husband instead of wife.

  13. ramu.mvr@gmail.com' ramakrishna | May 30, 2015 at 11:18 am |

    sir . whether this policy only ends today. or next month also i can take these policies from bank

  14. oswalmadan64@gmail.com' Madan lal sancheti | May 30, 2015 at 1:24 pm |

    policy is very good

  15. Great initiative by Govt towards the financial independence of common man

  16. kavithalakkamraju1@gmail.com' drlakkamrajukavitha | June 9, 2015 at 11:04 pm |

    Please send me details

  17. yashwant.singhp@gmail.com' Yashwant Singh | June 16, 2015 at 9:17 am |

    can the bank auto debit the amount for the PMSBY from any account without the consent of the customer ?? if no, then whom to complaint regarding this ??

    • You can register your grievance to branch head of Bank in written, if you didn’t get satisfactory reply then write to their higher office.

  18. narasimhareddysomu@gmail.com' Narasimhareddy | June 30, 2015 at 5:39 pm |

    I Enrolled to PMSBY through ICICI bank because it is my salary account and If I changed my salary account to some other bank or if I stopped the transactions from ICICI bank then Is this Policy will be transfer to new bank account or Do I need to continue the relationship in the same bank where it was enrolled to till 70 Years of Age.

  19. g.giriccp@gmail.com' G.Arunagiri | July 3, 2015 at 5:38 pm |

    save the lifi in national mr.modi scheme wel come to PMJJBY.

  20. After taking this policy can I assign it to an organisation or institute?
    To explain Properly:
    I am taking educational loan and want to assign my policy assuring the same amount of policy for security purpose i.e, In case of uncertainty.

  21. rupaliroy311211@gmail.com' Piyali Ray | July 28, 2015 at 3:46 pm |

    My age is now 50years 4months and 16days. Can I apply for 330 scheme? Please reply soon

  22. can we make these policy PMSBY and PMJJBY for a single form by sms and internet banking

  23. PMJJBY scheme says that one can rejoin any time by paying full amount + certificate of good health.

    Is there any minimum time period for one to restart again, post which bank itself will terminate the scheme ?

  24. these policies are auto-renewal or not for next year

  25. How can I opt out of the PMJJBY?

  26. Dear Sir, I’m 23 now…I want to open both the policies in June 2016.. My father is 53 and mother is 46…both are not physically well..so who should be my nominee at this point of time?? Because my policies may continue till I’m 55 or 70 ..

  27. Sir can I take those two policies for my savings.

  28. Sir can I take those two policies for my savings. And my father is govt. Employee

  29. pdwaghchaure@gmail.com' Waghchaure Prakash deoram | May 1, 2016 at 3:37 pm |

    Sir, I am a state govt. Servant & enrolled for PMJJBY last year. Am I eligible for this PMJJBY? Shall I continue or discontinue this scheme?

Comments are closed.