Insurance Schemes (Central Sector)
बीमा • 2 Schemes Verified
Affordable micro-insurance: Rs 2 lakh life cover under PMJJBY and accidental disability cover under PMSBY. Below is the complete table and detailed summaries of all active and landmark central schemes under this category, verified on 15 October 2026.
Master Table: Insurance Schemes
| # | Scheme Name | Key Financial Benefit | Target Beneficiary | Current Status | Action |
|---|---|---|---|---|---|
| 34 | PMJJBY 2026: Rs 2 Lakh Life Cover for Rs 436, Claim Process Also: Rs 436 insurance, jeevan jyoti bima | Rs 2 lakh to the nominee on death due to any cause. | Bank or post office account holders aged 18 to 50. | Active | Read Details → |
| 35 | PMSBY 2026: Rs 2 Lakh Accident Insurance for Rs 20, Claim Also: Rs 20 insurance, accident bima | Rs 2 lakh on accidental death or total permanent disability. | Savings account holders aged 18 to 70. | Active | Read Details → |
Scheme Profiles & Quick Facts
34. PMJJBY 2026: Rs 2 Lakh Life Cover for Rs 436, Claim Process
Ministry: Department of Financial Services, Ministry of FinanceNote: Proposal to raise cover to Rs 5 lakh was reported in May 2026 but not approved as of 15 Oct 2026.
What it gives: One-year renewable life cover of Rs 2 lakh for Rs 436 a year, auto-debited from your bank account.
Who is eligible: Bank or post office account holders aged 18 to 50.
35. PMSBY 2026: Rs 2 Lakh Accident Insurance for Rs 20, Claim
Ministry: Department of Financial Services, Ministry of FinanceNote: DFS PMSBY page URL pattern assumed from the PMJJBY page; check resolves (see image/URL table).
What it gives: Accident insurance of Rs 2 lakh for just Rs 20 a year.
Who is eligible: Savings account holders aged 18 to 70.