Get insurance up to ₹2 lakh for just ₹436. Learn how to apply.

PM Jeevan Jyoti Bima Yojana: You can get insurance benefits worth lakhs for a yearly premium of just ₹436. Learn how to join this government insurance scheme.

PM Jeevan Jyoti Bima Yojana: In today's times, financial security has become extremely important for everyone. Life is full of uncertainties, and one cannot predict what could happen to anyone at any time. This is why many people take out life insurance to protect themselves and their families. So that if any unforeseen event occurs, their families can receive financial assistance.

One such government insurance scheme is currently in the news. By depositing just ₹436, you can avail of insurance benefits of up to ₹2 lakh. This scheme is especially beneficial for those who want to ensure their own and their family's safety but cannot afford high premiums. Let us tell you the full details about this scheme.

Who will benefit from the scheme?

The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) was introduced to provide affordable insurance coverage to the low-income and vulnerable sections of society. Launched in 2015, the scheme aims to provide financial security to ordinary citizens in the event of accidental death or injury.

Under this scheme, an annual premium of just ₹436 provides insurance cover of up to ₹2 lakh. To qualify, beneficiaries must be between 18 and 50 years of age. If the insured dies under the scheme, their family will receive a claim of up to ₹2 lakh.

How to apply for the scheme?

Applying for the PMJJBY is very easy. First, visit your bank branch. You will need to fill out the application form and provide your Aadhaar card, age proof, and bank account details. After this, you will need to pay an annual premium of ₹436. You can then have the premium deducted from your account through auto-debit.

You can pay online via net banking, UPI, or by cash/check at a branch. Upon submitting your application, the bank will provide you with a policy number, which will serve as proof of insurance and will be required for any future claims. When applying, ensure that all documents are accurate and up-to-date to avoid any issues during the claim process.