Pradhanmantri Jeevan Jyoti Bima Yojana, Online Apply, Benefit & Eligibility

Pradhanmantri Jeevan Jyoti Bima Yojana:- The Indian government runs a number of programs to help its inhabitants. The Indian government has launched a program called the Pradhan Mantri Jeevan Jyoti Bima Yojana. The Life Insurance Corporation of India and other commercial and public sector banks launched this program. Under the Pradhanmantri Jeevan Jyoti Bima Yojana, the government will give his nominee ₹200000 in life insurance if the applicant passes away before turning 55 for any cause. Obtain scheme-related information. To accomplish this, read this post through to the conclusion to learn about its advantages, requirements, application process, needed paperwork, etc.

Pradhanmantri Jeevan Jyoti Bima Yojana

The minimum age for citizens to participate in this scheme is 18 years old, while the maximum age is 50 years old. (To participate in the policy plan, citizens must be at least 18 years old and no older than 50.) This policy is 55 years old in terms of maturity. Jeevan Pradhanmantri The Government of India’s Jyoti Bima Yojana is an excellent project that will provide insurance to the impoverished and underprivileged class as well as future financial benefits to their offspring. The nation’s interested beneficiaries can take advantage of this Jeevan Pradhanmantri People must apply under this program in order to receive the benefits of the Jyoti Bima Yojana.

The Central Government changed the Pradhan Mantri Jeevan Jyoti Bima Yojana premium rates on May 31, 2022. Due to the lengthy history of negative claims experiences, the decision has been made to increase the costs of this plan’s premiums. This scheme’s recipients would now have to pay a daily premium of ₹ 1.25. Under which the monthly premium will now be ₹ 436 instead of ₹ 330. 2015 saw the launch of this program. For the past seven years, there has been no change to the premium rate under this system. The number of active participants in this scheme as of March 31, 2022, is 6.4 crore.

Pradhanmantri Jeevan Jyoti Bima Yojana Premium Amount

The policyholder will be required to pay an annual premium deposit of Rs 330 under this scheme. which will be automatically taken out of the client’s savings account in May each year. Everyone is eligible for a fair premium rate under this scheme, including those in BPL and EWS as well as almost every other income bracket. Under the Pradhanmantri Jeevan Jyoti Bima Yojana, insurance coverage will begin on June 1 and last through May 31 of the following year. A medical checkup is not necessary in PMJJBY in order to purchase insurance.

• Rs. 289 is the insurance premium paid to LIC/Insurance Company.
• Payment of Expenses for Agents, Micro, Corporations, and BC: Rs. 30
• Payment of Participating Bank Administrative Fees: Rs. 11; Total Premium: Rs. 330 only

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The PMJJBY Scheme’s details

Name of the scheme	Prime Minister Jeevan Jyoti Insurance Scheme
Started by	By central government
Beneficiary	Citizens of the country
Objective	Providing Policy Insurance
Official website	https://www.jansuraksha.gov.in/

The Pradhanmantri Jeevan Jyoti Bima Yojana objective

For those in the nation who wish to give their family social security even after they pass away, this is an excellent plan. In accordance with the PM Jeevan Jyoti Insurance Scheme, following the policyholder’s passing between the ages of 18 and 50, this The government will provide the policyholder’s family with Rs 2 lakh under the scheme, enabling them to lead a comfortable life. Indian citizens will be covered under PMJJBY through this arrangement. This program will provide insurance to more people than only the underprivileged and impoverished.

Death claims received under the Pradhanmantri Jeevan Jyoti Bima Yojana within the last five years

Year	Received death claims	Quantity divided
2016-17	59,118	Rs 1,182.36 crore
2017-18	89,708	Rs 1,794.16 crore
2018-19	1,35,212	Rs 2,704.24 crore
2019-20	1,78,189	Rs 3563.78 crore
2020-21	2,34,905	Rs 4698.10 crore

Risk coverage won’t start to apply until 45 days later

Any person who meets the eligibility requirements can enroll for the Pradhan Mantri Jeevan Jyoti Bima Yojana in order to get its benefits. You are exempt from having to reapply each year if you are currently enrolled in this program. Your bank account will be debited annually for the premium, and your renewal will be completed. During the first 45 days of registration in this program, no claims can be made by any new buyers. A claim can only be submitted following the 45-day period’s conclusion. Within the first forty-five days, the corporation will not settle any claim. However, in the event that the applicant passes away as a result of an accident, payment will be given to them.

Statistics of PMJJBY Scheme

Financial year	Number of registered citizens	Total number of claims received	Total number of claims distributed
2016-17	3.10	62,166	59,188
2017-18	5.33	98,163	89,708
2018-19	5.92	1,45,763	1,35,212
2019-20	6.96	1,90,175	1,78,189
2020-21	10.27	2,50,351	2,34,905

Jeevan Jyoti Bima Yojana Exit Pradhan Mantri

After leaving the Jeevan Jyoti Bima Yojana, anyone is eligible to re-enroll in the program. Re-enrollment in Pradhan Mantri Jeevan Jyoti Bima Yojana requires payment of the premium and submission of a self-declaration pertaining to health. Anyone who pays the premium and submits the self-declaration can re-enroll in this program.

Under what circumstances will the benefits of the Jeevan Jyoti Bima Yojana be unavailable?

• if the bank account of the beneficiary is closed.
• if the bank account is devoid of the premium money.
• after becoming 55 years old.

Benefit

• The country’s citizens who are between the ages of 18 and 50 are eligible to participate in this program.
• In accordance with this arrangement, PMJJBY may be annually renewed for the policyholder’s family following the policyholder’s passing. This scheme requires a 330 rupee annual payment from its members. A two-lakh rupee life insurance policy will be given.
• The candidate must submit an application under this scheme in order to receive the benefits of PMJJBY.
• This plan requires that the annual payment be paid by May 31st of each year that the coverage is in effect.
• The policy can be renewed by submitting a lump sum payment of the full annual premium together with a payment plan if the annual premium cannot be deposited before this date self-declaration of good health.

Key ideas of the Jeevan Jyoti Bima Yojana

• Purchasing the Pradhan Mantri Jeevan Jyoti Bima Yojana does not need you to go through any form of medical test.
• The PM Jeevan Jyoti Insurance Scheme has a minimum age requirement of 18 to 50 years old for purchase.
• PMJJBY has a mature age of 55 years.
• This program needs to be renewed annually.
• This scheme provides insurance up to ₹200,000.
• The Pradhan Mantri Jeevan Jyoti Bima Yojana is open for enrollment from June 1 to May 31.
• A claim cannot be submitted for 45 days following the completion of Android.

Expiration of PM Jeevan Jyoti Insurance Scheme

Any of the following circumstances may result in the termination of the member’s life assurance.

• in case your bank account is shut off.
• in the event that the bank account does not contain the premium amount.
• after being 55.
• You can only get the Pradhan Mantri Jeevan Jyoti Bima Yojana from one bank or one insurance company.

Eligibility

• The citizens that enroll in this plan should only be between the ages of 18 and 50.
• The policy bearer will be required to pay an annual premium of Rs 330 under this tram plan.
• For the policyholder to participate in this program, they must have a bank account. Consequently, the recipient’s bank account will receive the government’s donation directly.
• Every year on or before May 31st, the subscriber must have the necessary amount in their bank account at the time of the auto debit.

Required Document

• Applicant’s aadhar card
• Identity card
• Bank account passbook
• Mobile number
• Passport size photo

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How may I apply for the Pradhanmantri Jeevan Jyoti Bima Yojana

Any interested national beneficiaries who would like to apply to get benefits from the Jeevan Jyoti Bima Yojana should follow the steps indicated below.

• Initially, you need to visit Jan Suraksha’s official website.
• You must get the PMJJBY Application Form PDF by going to the official website. You must complete the form with all the requested information after downloading the PDF.
• You will need to deposit the completed paperwork at the bank where your active savings account was opened.
• You must confirm. that there is enough money in the account for you to cover the premium.
• Submit a letter of consent to join the program and have the premium amount automatically deducted after that. Along with the properly completed application form, attach the consent agreement.
• By clicking the link provided below, you can obtain the Pradhan Matri Jeevan Jyoti Bima Yojana Application Form or Consent-cum-Declaration Form in your choice language from the official website. Are.

How does the Pradhanmantri Jeevan Jyoti Bima Yojana claim form work

• Under the Jeevan Jyoti Bima Yojana, the nominee of the covered individual may file a claim upon their passing.
• Following this, the policyholder’s nominee should get in touch with the bank first.
• The Pradhan Mantri Jeevan Jyoti Bima Claim Form and Discharge Receipt must then be picked up by the nominee from the bank.
• The nominee must next put in the claim form, discharge receipt form, death certificate photographs, and a voided check.

Procedure for obtaining information about performance

• To begin with, you must visit the Pradhan Mantri Jeevan Jyoti Bima Yojana official website.
• You can now see the home page.
• To access the performance option, navigate to the main page.
• Your screen will open to a new page after this.
• Performance-related information is available to you on this page.

Procedure for gathering publicity-related data

• You must first visit the Pradhan Mantri Jeevan Jyoti Bima Yojana’s official website.
• This will display the home screen for your viewing pleasure.
• You will then need to select the “publicity” option.
• The publicity material on this page is your choice.
• Information pertinent to the situation will appear on your computer screen.

How to download forms

• You must first visit the Pradhan Mantri Jeevan Jyoti Bima Yojana’s official website.
• This will display the home screen for your viewing pleasure.
• You must select the Forms option from the home page.
• You must select the Pradhan Mantri Jeevan Jyoti Bima Yojana option on this page.
• Currently, your screen will open with the following options.
• Forms for Applications: Claim Form
• The option that best fits your needs must be clicked.
• You’ll need to download the form after that.
• You can download the form in this manner.

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Helpline Number

We have given you all the pertinent details about the Pradhanmantri Jeevan Jyoti Bima Yojana in this article. The Pradhan Mantri Jeevan Jyoti Bima Yojana hotline number can assist you in resolving any issues you may be having. 18001801111 / 1800110001 is the hotline number.

FAQ’s

Q.) How can I pay PMJJBY’s premium?

Ans. The ‘Auto Debit’ feature will take the premium out of the account holder’s bank or post office account.

Q.) What is the duration of PMJJBY’s insurance coverage?

Ans. After the annual premium is paid, coverage under PMJJBY is valid from June 1 to May 31 for a full year.

Q.) What is the minimal need to become a PMJJBY subscriber?

Ans. Anyone with a savings bank account at one of the partner institutions between the ages of 18 and 50 is welcome to participate. A person may only sign up for the program using one savings bank account, even if they have other bank accounts with one or more institutions.

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