What is the difference between PMJJBY and PMSBY?

PMJJBY is a pure life insurance scheme (death due to any cause), whereas PMSBY is an accidental insurance scheme (death or disability due to an accident only).

Can I have multiple PMJJBY policies?

No, you can enroll in these schemes through only one bank account. Payouts are limited to ₹2 Lakh per person regardless of the number of accounts.

How to claim PMJJBY/PMSBY amount?

The nominee must submit a claim form to the bank where the account is held, along with the death certificate (and FIR/Post-mortem report for PMSBY) within 30 days of the event.

PMJJBY & PMSBY Calculator

Analyze eligibility and coverage benefits of Pradhan Mantri Jeevan Jyoti and Suraksha Bima Yojana.

Quick Summary: PMJJBY & PMSBY Calculator

PMJJBY offers a ₹2 Lakh life cover for an annual premium of ₹436 (ages 18-50). PMSBY offers a ₹2 Lakh accidental death/disability cover for just ₹20 per year (ages 18-70). Together, they provide a ₹4 Lakh safety net for less than ₹500/year, making them the most affordable insurance options in India.

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Regulatory Disclaimer

Last verified May 2026

Statutory Disclosure

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.