Please elobrate about: Pradhan mantri jeevan jyoti bima yojana and Pradhan mantri suraksha bima yojana
Pradhan Mantri Suraksha Bima Yojana: Is an accident cover policy where the family of the dead will get benefited in case the death happens through Accident. The family will be entitled to receive a sum of Rs.2 lacs in case of accidental death. The premium to be paid to obtain such a cover is Rs.12/year. This is quiet beneficial because it makes obtaining such an Insurance cover affordable thereby bringing a bigger sector of people under the Insurance umbrella thereby ensuring some financial assistance for the family.
Pradhan Mantri Jeevan Jyoti Bima Yojana: Is a Life insurance cover which assures a sum of Rs.2 lacs to the death of the Insured member. The premium payable for this is Rs.330/year.
The difference between the two is that the first one covers only Accidental Deaths whereas the second policy covers all kinds of deaths
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