Pradhan Mantri Jeevan Jyoti Bima Yojana
Pradhan Mantri Jeevan Jyoti Bima Yojana: For the sake of the common people, the Central Modi government launched the Pradhan Mantri Jeevan Jyoti Bima Yojana. A Rs 2 lakh live cover is given under this policy for only Rs 436 yearly premium in the event of a death due to any cause. Under the Pradhan Mantri Jeevan Jyoti Bima Yojana, the Central Government offers insurance of Rs 2 lakh by paying just Rs 40. This is because anyone can pass away unexpectedly at any time, regardless of how safe his family is. As you may recall, on May 9, 2015, the Central Government introduced PMJJBY.
If you wish to participate in the PM Jeevan Jyoti Bima Yojana policy and are an Indian citizen as well. Thus, you must read this essay through to the finish in detail. Tell us about the Pradhan Mantri Jeevan Jyoti Bima Yojana and how you can take advantage of its benefits, please.
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Contents
A life insurance programme called Pradhan Mantri Jeevan Jyoti Bima was introduced by the Indian Central Government to aid in the development of the nation’s impoverished. The recipient of this scheme must pay an annual premium of Rs 436. You will need to spend approximately Rs 40 if we discuss monthly expenses. You receive accidental coverage for Rs. 2 lakh in exchange. Life Insurance Corporation and the Central Government have a contract in place for this. The premium payment is automatically deducted by the account holders from their savings bank account on May 31st of each year. This life insurance only lasts for a year, and you have to renew it annually.
The Pradhan Mantri Jeevan Jyoti Bima Yojana runs from June 1 to June 31, inclusive. The nominee is only entitled to receive Rs 2 lakh in the event of an accident-related sudden death. Anyone can download the application form from the internet and take advantage of the benefits of this scheme. Following that, you can apply for it and fill it out to deposit in your bank.
Name of Scheme | citizens of India |
was started | by central government |
Launch of the scheme | 9 May 2015 |
Beneficiary | citizens of india |
Objective | Providing financial security to the family in case of sudden death in an accident |
Accidental Insurance Sum | 2 lakh rupees |
Application Process | Online |
official website | https://jansuraksha.gov.in/ |
An annual premium of Rs 436 is required if you wish to purchase Pradhan Mantri Jeevan Jyoti Bima Yojana during June, July, and August. A premium of Rs 342 will also be charged if you join in September, October, or November. In contrast, if you sign up for the programme in December, January, or February, a premium of Rs 228 would be required. Lastly, there will only be a Rs 114 premium if you enlist in March, April, or May.
Under the Pradhan Mantri Jeevan Jyoti Bima Yojana, insurance can be acquired through public and private insurance companies that have relationships with cooperative banks, scheduled commercial banks, and regional rural banks. You can visit these banks to purchase this insurance policy. As long as the annual premium is paid, the coverage is valid from June 1 to June 31. Furthermore, an automated payment is made from the policyholder’s savings bank account to cover the premium when the policy is renewed. The insured can file a cancellation to halt the deduction of premiums if he wants to cease using the coverage.
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To take part in the PM Jeevan Jyoti Bima Yojana Policy, you must have a savings account at any bank. You won’t need to submit any more paperwork if you already have a savings account. In order to submit the application, it needs to be signed. In addition, you might need the following records.
As a result, friends, we have attempted to provide you with all the information possible regarding the Pradhan MJJBY 2024. Please feel free to ask any questions you may have about PMJJBY 2024 in the comments section below, and we will respond as soon as we can!
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Q: What are the rules for Pradhan MJJBY?
Ans: The programme is available to everyone with a bank account who is between the ages of 18 and 50. Individuals who enrol in the programme before turning 50 years old are still eligible for life insurance up until the age of 55, provided they pay the fee. To Verify Your Eligibility, Click Here.
Q: How long does it take to process a claim in PMJJBY?
Ans: Within seven days of receiving it from the bank or post office, the insurance company that issued the master policy for the bank or post office will process the claim.
Q: What is the benefit of PMJJBY 436?
Ans: All customers in the 18–50 age range are eligible for a ₹ 2.00 Lakh one-year term life insurance policy from PMJJBY. It includes death from any cause. A yearly premium of ₹ 436/-must be paid by each subscriber. This amount will be automatically taken out of their post office or bank account.
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