How to Apply for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) for Social Security in India

On 9th May 2015 Narendra Modi launched 3 new social security schemes which includes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana for Social Security in India. So now let’s know more about all these 3 newly launched social security schemes by Narendra Modi.

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY)


Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): Basically Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a term life insurance policy which can be renewed either on a yearly basis or for a longer period of time by paying just Rs.330/- per annum although the amount will automatically get debited from your bank account. The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Policy provides Life Insurance Coverage on the death of the policy holder, the risk coverage provided in Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Scheme is 2 lakh.

Eligibility for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): An individual between age group of 18 Years to 50 years can take benefit of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Scheme. To apply for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) the person should have a Bank Account and the person who had availed Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Scheme will be allowed to enjoy the risk of life cover till the age of 55 years. However, the policy holder will have to pay the premium on a consistent basis in order to take benefit of the Life Insurance Scheme Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).



Pradhan Mantri Suraksha Bima Yojana (PMSBY): The Pradhan Mantri Suraksha Bima Yojana (PMSBY) Life Insurance Scheme provides risk coverage on accidental death and disability. Pradhan Mantri Suraksha Bima Yojana (PMSBY) Scheme can be valid for a year or it can be renewed every year by just paying Rs.12/- per annum usually the policy premium amount will get auto debited from the policy holder’s bank account. By availing Pradhan Mantri Suraksha Bima Yojana (PMSBY) on policy holders accidental death or permanent disability his or her family will get insurance coverage of Rs.2 lakhs or Rs.1 lakhs in case of partial but permanent disability.


Eligibility for Pradhan Mantri Suraksha Bima Yojana (PMSBY): Any person who is holding savings bank account and Aadhaar Card in between age group of 18 years to 70 years can take advantage of Pradhan Mantri Suraksha Bima Yojana (PMSBY).



Atal Pension Yojana (APY): The Atal Pension Yojana Scheme provides pension security to unorganised sector workers. Under the Atal Pension Yojana (APY), guaranteed minimum pension of Rs. 1,000/-, 2,000/-, 3,000/-, 4,000 and 5,000/- per month will be given at the age of 60 years depending on the contributions by the subscribers.


Eligibility for Atal Pension Yojana (APY): All Indians between age group of 18 yeras to 40 years can take advatage of Atal Pension Yojana (APY). To be able to apply for Atal Pension Yojana (APY) the person should have a bank account and should not be a member of any statutory social security scheme.


How to Apply for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (AP) for Social Security in India?

All these Social Security Schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) can be applied in any of the banks in INDIA.


How to Apply for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (AP) for Social Security in India in ICICI Bank?

  • ICICI Bank Offers Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) – a life cover of Rs.2 lac for annual premium amount of Rs.330/-. To enroll SMS PMJJY <nominee name> Y to 5676766 from your registered mobile number. The premium amount will be debited from your ICICI Bank Savings Account. TnC at http://bit.ly/1GP7JDe 
  • ICICI Bank Offers Pradhan Mantri Suraksha Bima Yojana (PMSBY) - an accidental cover of Rs.2 lac for annual premium amount of Rs.12/-. To enroll SMS PMSBY <nominee name> Y to 5676766 from your registered mobile number. The Premium amount will be debited from your ICICI Bank Savings Account. TnC at http://bit.ly/1GP7JDe

How to Apply for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (AP) for Social Security in India in Central Bank of INDIA?

  • Central Bank of India customers can walk in to Central Bank of India Branch for enrollment of Life/Accident Insurance under PM’s Social Security Scheme PMJJY(2lac) Rs.330/- and PMJSY(2lac) Rs.12/- per year.

How to Apply for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (AP) for Social Security in India in Axis Bank?

  • Visit any Axis Bank Branch to enroll yourself for Rs.2 lac accidental insurance cover at an annual premium of Rs.12/- under Pradhan Mantri Suraksha Bima Yojana (PMSBY).

Also Read: What is Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)? & What is Pradhan Mantri Suraksha Bima Yojana (PMSBY)?