PM Jeevan Jyoti Bima Yojana: The Honorable Prime Minister has introduced several schemes in the current times. Similarly, during the budget of 2015-16, the central government announced a scheme named the Pradhan Mantri Jeevan Jyoti Bima Yojana. This scheme provides coverage in the event of death and comes with various other benefits. In this article, we will discuss these benefits in detail and guide you on how to avail of this scheme. If you are interested in learning more, continue reading as we provide comprehensive information about the scheme.
PM Jeevan Jyoti Bima Yojana
The government has introduced many schemes for the people of the country, especially for those who are financially weak and looking for social security. One of these schemes is the Pradhan Mantri Jeevan Jyoti Bima Yojana.
This insurance scheme is aimed at helping the middle-class. It was launched by the government in 2015, and its announcement was made during that year’s budget. Right now, the scheme is available, and you can buy a policy every year to get insurance benefits.
Know about insurance premium
- This scheme covers any plan that is beneficial to you.
- If the insured person dies for any reason, their family receives ₹2,00,000.
- The yearly cost of this insurance is ₹436.
- The premium is automatically taken from the insured person’s bank account.
- Pradhan Mantri Jeevan Jyoti Bima Yojana provides financial support if the insured person passes away.
- The insurance lasts for one year and needs to be renewed every year.
- You can get this insurance through banks or post offices.
- For more details, you can visit a bank or post office.
Age limit for inclusion in the policy
To be eligible for this policy, interested candidates must have a savings account and be Indian citizens. Additionally, the minimum age requirement is 18 years, and the maximum age limit is 50 years. Only then can you benefit from the policy