Letter to pmjjby insurance to bank manager
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PMJJBY is a Life Insurance coverage plan (like a Term plan). This plan covers both natural and accidental death risks. The maximum sum assured offered under this Govt Scheme is Rs 2 Lakh. The premium is Rs. 330 per year, or less than one rupee per day, for the age group 18-50.
PMSBY is a Personal Accident Insurance Scheme. Under this scheme, if the insured dies due to an accident, the nominee of the insured will get Rs 2 Lakh as death benefit. If there is any total disability due to accident, the insured will get Rs 2 Lakh, and for partial disability, the risk cover is limited to Rs 1 Lakh.
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