Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) for CBS offices in DOP Finacle
The Hon’ble Prime Minister of India has launched Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana . Both the PMSBY and PMJJBY schemes are to be implemented from 07-09-2015 in all the Post Offices which are on CBS platform and the commencement of Atal Pension Yojana will be intimated shortly.
Sl. No.
|
Details
|
PMJJBY
|
PMSBY
|
1
|
Term of
scheme
|
1 year and
renewable after 1 Yr
|
1 year and
renewable after 1 Yr
|
2
|
Premium
payable per Annum
|
Rs.330/-
|
Rs.12/-
|
3
|
Scheme
offered By
|
LIC or other
Life Insurance Companies.
|
Public
sector General Insurance COs (PSGIC)
|
4
|
Eligible age
group
|
18 to 50
Years
|
18 to 70
Years
|
5
|
Termination
|
on attaining
55 Years/ Closure of POSB account
|
on attaining
70 Years/ Closure of POSB account
|
6
|
Mode of
payment
|
Auto
transfer from POSB account
|
Auto
transfer from POSB account
|
7
|
Claim can be
preferred
|
on death
|
On
Accidents and death due to accidents
|
8
|
Sum
Assured Payable
|
||
on death
|
Rs. 2 Lakhs
|
Rs. 2 Lakhs
|
|
on loss of both eye, hand and foot
|
Rs. 2 Lakhs
|
||
on loss of one eye , hand and foot
|
Rs. 1 Lakhs
|
||
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