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<h1>Bank-linked social insurance offering renewable life and accidental cover via auto-debit, with monitored claims and outreach.</h1> PMJJBY and PMSBY are bank linked renewable one year social insurance schemes administered by insurers in tie up with commercial, regional rural and cooperative banks. PMJJBY offers life cover within a specified age band and PMSBY provides accidental death and disability cover; premiums are collected by auto debit from subscriber bank accounts. The Government conducts outreach, maintains a central information portal, monitors claim settlement progress, coordinates grievance resolution with banks and insurers, and reports State/UT enrollment, claim settlement ratios and coverage relative to eligible populations.