Difference between PMSBY and PMJJBY

Difference between PMSBY and PMJJBY

Life Insurance

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. Continue reading “Difference between PMSBY and PMJJBY”

All you need to know about Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

All you need to know about Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Life Insurance

On May 9, 2015 Prime Minister of India is going to launch the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) to provide insurance cover to masses with minimum premium, this insurance cover can be taken from any bank by filling out a simple form. Minimum requirement is that you should have a bank account and aged between 18 to 50 years. One can only take maximum cover of Rs. 200000 from any of the his banker if having multiple accounts in different banks, and have to give declaration about the same in the form. Other features are as follows: Continue reading “All you need to know about Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)”