New delhi, Aug. 29 -- Holders of Jan Dhan accounts will be offered government-backed life and accident insurance, the finance ministry said on Friday, signalling an expansion of social security for the poor.

The schemes on offer are the PM Jeevan Jyoti Bima Yojana (PMJJBY) and PM Suraksha Bima Yojana (PMSBY). Both are available to those who hold bank accounts under the Jan Dhan Yojana.

PMJJBY life insurance is available to people in the age group of 18 to 50 years. The risk coverage under this scheme is for Rs.2 lakh, at a premium of Rs.330 per annum.

PMBSY, which is the accident insurance, is available to 18-70-year olds. The risk coverage under the scheme is Rs.2 lakh at a premium of Rs.12 per annum for accidental death or full disab...