×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 17 February, 2021

  • 5 Min Read

Pradhan Mantri Jeevan Jyoti Bima Yojana & Pradhan Mantri Suraksha Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana & Pradhan Mantri Suraksha Bima Yojana

PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana)

PMSBY (Pradhan Mantri Surakhsa Bima Yojana)

PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is a life insurance scheme.

PMSBY (Pradhan Mantri Suraksha Bima Yojana) is an accidental insurance scheme.

The age limit for PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is minimum 18 years and maximum 50 years.

The age limit for PMSBY (Pradhan Mantri Suraksha Bima Yojana) is minimum 18 years and maximum of 70 years.

The annual premium for PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is Rs 330. The premium could vary depending on the prevailing tax rates, age and location.

The annual premium for PMSBY (Pradhan Mantri Suraksha Bima Yojana) is Rs 12. Please note premium could vary depending on location, prevailing GST rates, and age.

As per PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana), cover for the death of the insured is given regardless of the cause of the death. The money would be paid to the nominee in case of death of the insured.

PMSBY (Pradhan Mantri Suraksha Bima Yojana) provides cover for death or disability by an accident. The money would be paid to the nominee in case of death of the insured.

Some of the similarities between PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) and PMSBY (Pradhan Mantri Suraksha Bima Yojana) are given below.

  1. Both the above schemes have tax benefits i.e the premium paid is tax-free.
  2. Both the above policies PMJJBY and PMSBY will not lapse in case the premium is not paid.
  3. PMJJBY and PMSBY are Government-backed insurance schemes, and it can be availed by all the residents of India, irrespective of their incomes. Both the schemes were introduced by the Government
  4. Both the above schemes, PMJJBY and PMSBY are available in Private and Public Sector banks. Need to have a Savings Bank Account to avail the schemes.

Source: TH


Formation Day

On 1st November, eight Indian states—Andhra Pradesh, Chhattisgarh, Haryana, Karnataka, Kerala, Madhya Pradesh, Punjab, and Tamil Nadu—along with five Union Territories—Andaman and Nicobar Islands, Chandigarh, Delhi, Lakshadweep, and Puducherry—celebrate their Formation Day. This date marks an important milestone in India

Turtle (Kachhua) Wildlife Sanctuary

The Turtle Wildlife Sanctuary, also known as the Kachhua Sanctuary, is located in the Varanasi district of Uttar Pradesh. It is recognised as India’s first freshwater turtle wildlife sanctuary, established to conserve endangered turtle species and support the ecological health of the Ganga River. Location and Extent The sanctuary co

Introduction of AI and Computational Thinking (CT) in

The Ministry of Education plans to introduce Artificial Intelligence (AI) and Computational Thinking (CT) from Class 3 onwards in the 2026–27 academic year. This initiative is part of the National Curriculum Framework for School Education (NCF-SE) 2023 and aligns with the National Education Policy (NEP) 2020. The aim is to prepare student

Sal Tree

Scientists from the Environment Department of Himachal Pradesh University (HPU) in Shimla have recently revealed that the Sal tree (Shorea robusta) is the most effective natural air purifier for combating rising pollution levels. Their findings highlight the tree’s superior capacity to trap dust, absorb gases, and cleanse the air compared

US Resumes Nuclear Weapon Testing

The President of the United States has ordered the resumption of nuclear weapon testing after a gap of 33 years, the last test being in 1992. This decision marks a significant shift in global nuclear policy and has far-reaching implications for geopolitics, the environment, and international security. Status of Global Nuclear Weapon Testing

DNA

03 Dec,2025

Toppers

Search By Date

Newsletter Subscription
SMS Alerts

Important Links

UPSC GS Mains Crash Course - RAW Prelims Answer Key 2024