PMJJBY and PMSBY for CBS Offices in DOP Finacle

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