Pradhan Mantri – Jeevan Jyoti Bima Yojana (PMJJBY)
Our Prime Minister Shri. Narendraji Modi announced three social security schemes 1) Pradhan Mantri Suraksha Bima Yojana (PMSBY) 2) Pradhan Mantri Atal Pension Yojana (PMAPY) 3) Pradhan Mantri – Jeevan Jyoti Bima Yojana (PMJJBY), extension to Pradhan Mantri Jan Dhan Yojana (PMJDY).
The Pradhan Mantri – Jeevan Jyoti Bima Yojana (PMJJBY) is a one year renewable group term insurance yojana. This insurance scheme offers life insurance cover for death due to any reason.
All savings bank account holder in the age 18 to 50 years will be eligible for joining Pradhan Mantri – Jeevan Jyoti Bima Yojana. In case of multiple bank accounts, the person would be eligible to join the scheme, through one savings bank account only.
The insurance cover will start from the 1st June to 31 May and shall be renewed annually. There is no maturity/surrender bebefit under Pradhan Mantri Jeevan Jyoti Bima Yojana.
The premium payable is Rs.330/- per annum per subscriber. The premium will be deducted from scheme holders savings bank account through auto-debit facility.
1) life insurance cover at affordable scheme
2) easy processing & enrollment
The minimum age limit is 18 years the maximum age limit is 50 years.
The sum assured under Pradhan Mantri – Jeevan Jyoti Bima Yojana is Rs. 2,00,000 and it is payable on member’s death due to any reason.
for more information please check this link http://www.jansuraksha.gov.in/