PMSBY is an abbreviation for Pradhan Mantri Suraksha Bima Yojana, a government-sponsored accidental insurance policy in India. PMSBY, which was launched by the Government of India, aims to provide citizens with affordable personal accident insurance coverage.
Objective: The major goal of PMSBY is to give financial assistance to individuals and their families in the event of an unintentional death or injury.
Eligibility: The initiative is open to everyone between the ages of 18 and 70 who has a savings bank account. The individual must provide their agreement to enroll and pay the annual subscription.

PMJJBY is an abbreviation for Pradhan Mantri Jeevan Jyoti Bima Yojana, a government-sponsored life insurance policy in India. PMJJBY, which was launched by the Government of India, is intended to provide individuals with affordable life insurance coverage. PMJJBY’s main characteristics are as follows:
Objective: PMJJBY aims to provide affordable life insurance coverage to individuals, ensuring financial security for their families in case of the insured person’s death.
Eligibility: The scheme is open to individuals aged 18-50 with a savings bank account and consent to join.