Pradhan Mantri Jeevan Jyoti Bima Yojana: Insurance of Rs 2 lakh for less than Rs 500, do you know about this government scheme?

PM Bima Yojana: Various types of schemes are run by the central government for different sections. These include schemes like PM Kisan Yojana for farmers, Ayushman Bharat Yojana for free treatment of the poor, and Atal Pension Yojana. A similar scheme is also the Pradhan Mantri Jeevan Jyoti Bima Yojana. In which two lakh rupees are given by the government. So far, more than 23.63 crore people have enrolled in this scheme, and an amount of more than Rs 18,397.92 crore has reached the beneficiaries. Let us tell you how you can take advantage of this scheme and what its rules are.

The family gets two lakh rupees.

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY) were launched together in the year 2015. Its purpose was to provide financial security to people coming from the weaker sections. In the Pradhan Mantri Jeevan Jyoti Bima Yojana, after the death of the person who takes insurance, an amount of two lakh rupees is given to the family or the nominee. That is, this is a kind of term insurance, which is being given by the government.

How to apply?

Any Indian citizen can take advantage of this insurance scheme run by the central government.

To apply for this, the age should be between 18 and 50 years. However, there is no need for any kind of medical examination.

For Pradhan Mantri Jeevan Jyoti Bima Yojana, it is necessary to have an account in any bank.

You can take this policy through LIC or any insurance company. Apart from this, information about it is also available in the bank.

How much premium is to be paid?

Now the biggest question in any term insurance is how much premium will be paid every month. For Pradhan Mantri Jeevan Jyoti Bima Yojana, you will have to spend only Rs 436 every year. The cover period of this insurance policy is from 1 June to 31 May. Similarly, if you want accident insurance, then with an annual premium of Rs 20, you can take a cover of two lakh rupees under PM Suraksha Bima Yojana.

How to get a claim of Rs 2 lakh?

If the person who has taken the insurance dies, then to get the claim, you will have to go to the concerned bank. After showing the death certificate and some identity proof, Rs 2 lakh will be transferred to the account of the nominee or family member within a few days.

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