PMJJBY, PMSBY and Atal Pension Yojana

Low-cost life cover (₹2 lakh for ₹436 a year), accident cover (₹2 lakh for ₹20 a year), and a guaranteed pension of ₹1,000–₹5,000 under APY, through any bank.

Scheme	Who	Cost	Benefit
Pradhan Mantri Jeevan Jyoti Bima Yojana	18–50, bank or post office account	₹436 a year	₹2 lakh life cover on death from any cause
Pradhan Mantri Suraksha Bima Yojana	18–70	₹20 a year	₹2 lakh for accidental death or total disability; ₹1 lakh for partial disability
Atal Pension Yojana	18–40; not an income-tax payer (from 1 October 2022)	₹42 to ₹1,454 a month, depending on age and pension chosen	Guaranteed pension of ₹1,000 to ₹5,000 a month from 60; then to the spouse; then the corpus to the nominee

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Last reviewed 17-10-2026. General information, not legal advice for a specific case. Check the latest Act, Rules and notifications of the appropriate government before acting.

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