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PMJJBY- You are getting insurance of 2 lakhs at an annual cost of Rs 436, know complete information about the schem


The Indian government starts many schemes every day to help and uplift its economically weaker population, such as PM Kisan Samman Nidhi Yojana, Arogya Yojana, etc. One such scheme is Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) which ensures life insurance for those individuals who may otherwise be unable to afford it, the Government of India launched the Pradhan Mantri Jeevan Jyoti Bima Yojana in 2015, which aims to provide affordable life insurance to financially deprived people, let's know complete information about it-

Eligibility: This scheme is open to any Indian citizen between the ages of 18 to 50 years. Non-resident Indians (NRIs) having a bank account in India are also eligible.

Premium: Beneficiaries have to pay an annual premium of Rs 436.

Coverage: In the event of the unfortunate death of the policyholder due to an accident or accident, the nominee gets Rs 2 lakh.

How to avail of the scheme Applying for the Pradhan Mantri Jeevan Jyoti Bima Yojana is straightforward. Here are the steps:

Application form: The application form can be downloaded from the official website

Submission: Fill out the form and submit it to your bank. Alternatively, you can apply through the net banking facility of your bank.

Required documents: The following documents are required for the application: Aadhaar card PAN card Recent photograph Active bank account Mobile number Important points Once applied, the annual premium will be automatically debited from the applicant's bank account.

The policy is renewed every year on May 31. The Pradhan Mantri Jeevan Jyoti Bima Yojana is a valuable initiative that provides peace of mind and financial security to people who otherwise would not have access to life insurance.

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