PMJJBY and PMSBY
The Government of India has initiated several schemes to provide basic healthcare facilities to people across the country. The PMJJBY and PMSBY are two such schemes established by the government to provide immediate relief to economically challenged families in the country.
PMSBY or Pradhan Mantri Suraksha Bima Yojana is a government backed scheme. It is an Accident Insurance Scheme that offers accidental death and disability cover in case of death or disability due to an accident. The scheme is offered through public sector insurance companies and general insurance companies.
PMJJBY full form is Pradhan Mantri Jeevan Jyoti Bima Yojana which is a government scheme that offers life cover if the insured demises. This scheme is being provided by LIC and other life insurance companies and banks in India. Individuals from 18 to 50 years of age can opt for this plan.