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Short answer
PMSBY and PMJJBY are two government insurance schemes meant for ordinary working people, not just salaried staff. PMSBY covers accidents: ₹2 lakh for accidental death or permanent disability, for a premium of about ₹20 a year1. PMJJBY covers life: ₹2 lakh if you die for any reason, for about ₹436 a year1. You sign up at the bank where you keep a savings account, and the premium is deducted once a year.
What PMSBY covers, and what it costs
PMSBY is an accident cover1:
- ₹2,00,000 for accidental death or total permanent disability, such as losing both eyes, both hands or both feet.
- ₹1,00,000 for partial permanent disability, such as losing one eye, one hand or one foot.
- It pays only for accidents. Death or illness from natural causes is not covered by PMSBY. That is what PMJJBY is for.
The premium is about ₹20 for the year, taken from your savings bank account. There is no GST on it, and the amount you pay is not taxed1.
What PMJJBY covers
PMJJBY is a life cover1. It pays ₹2,00,000 to your family if you die during the cover year, from any cause, whether an accident or an illness. The premium is about ₹436 a year, again taken from your bank account. It does not pay anything for disability. For that you need PMSBY.
PMSBY or PMJJBY: the difference
| PMSBY | PMJJBY | |
|---|---|---|
| Covers | Accidental death and disability | Death from any cause |
| Pays | ₹2 lakh (₹1 lakh partial) | ₹2 lakh |
| Premium a year | about ₹20 | about ₹436 |
| Age to join | 18 to 70 | 18 to 50 |
Most people take both, because together they cost about ₹456 a year and cover both an accident and ordinary death1.
Who can join, and how
To join either scheme you need1:
- A savings bank account. If you have accounts at more than one bank, pick one.
- To be in the age range: 18 to 70 for PMSBY, 18 to 50 for PMJJBY.
- Aadhaar linked to the account, and consent for the bank to auto-debit the premium once a year.
How to sign up:
- Go to the bank or post office where you have your savings account.
- Ask for the PMSBY and PMJJBY enrolment form, or enrol through the bank's net banking or app.
- Agree to the yearly auto-debit. The cover runs from 1 June to 31 May, and the premium is deducted around the start of that period.
How a claim is made
If the worst happens, the claim is simple, but it has to be started at the bank1:
- For PMSBY, the family takes the accident proof (an FIR, post-mortem report or disability certificate) and the claim form to the bank branch.
- For PMJJBY, the family takes the death certificate and the claim form to the bank.
- The bank sends it to the insurance company, which pays the ₹2 lakh into the nominee's account.
Keep your nominee details updated at the bank. A claim with no nominee on record is slow and can be disputed.
If you have an e-Shram card
An e-Shram card is the government's register for unorganised workers, and it is where many welfare schemes are linked from. If you work as a cook, maid, nanny, driver or caretaker, registering is worth doing. Our guide on the e-Shram card for domestic workers explains how to register and what it connects you to.
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Questions people ask
PMSBY (Pradhan Mantri Suraksha Bima Yojana) is a government accident insurance scheme. It pays ₹2 lakh for accidental death or permanent disability and ₹1 lakh for partial disability, for a premium of about ₹20 a year.
About ₹20 a year, taken once from your savings bank account. There is no GST on it.
PMSBY covers accidents: ₹2 lakh for about ₹20 a year. PMJJBY covers death from any cause: ₹2 lakh for about ₹436 a year. Many people take both.
Anyone aged 18 to 70 with a savings bank account and Aadhaar, who agrees to the yearly auto-debit of the premium.
The family takes the accident proof (an FIR, post-mortem report or disability certificate) and the claim form to the bank branch, which sends it to the insurer. Keep your nominee details updated at the bank.
Sources
- BankBazaar, PMSBY vs PMJJBY: Differences, Features and Eligibility, read 12 November 2026: PMSBY is an accident insurance scheme offering ₹2,00,000 for accidental death or permanent disability and ₹1,00,000 for partial disability, for ages 18 to 70 with a savings bank account, premium auto-deducted from the account and tax free; PMJJBY is a life cover of ₹2,00,000 for ages 18 to 50. The official portal for both schemes is jansuraksha.gov.in. bankbazaar.com
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Written by the Sevetu teamSevetu is a hiring marketplace for household work in India, operated by Fiel Private Limited. These guides come from the questions families and workers ask us. Nothing here is sponsored, and where a number has no defensible source we say so instead of inventing one. About Sevetu
