PM Jeevan Jyoti Bima Yojana: Get insurance of lakhs with a premium of just Rs 330, know
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): During the crisis of Coronavirus, people are becoming aware about their health and the demand for products like Life Insurance and Term Plan is increasing in the country. Although life insurance and health insurance have become expensive for some time, so we are telling about such a government insurance plan that provides you life insurance at an annual premium of only Rs 330.
Annual installment of only Rs 330
The annual premium for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is Rs 330. This amount is taken from your bank account through ECS. Banks levy administrative charges in the scheme amount. Apart from this, GST is also applicable on this amount.
Pradhan Mantri Jeevan Jyoti Yojana Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a one year life insurance plan. It can be renewed every year. The benefit of this scheme is available to the nominee only after death. That is, it is purely a term insurance plan only.
Insurance cover up to two lakhs
If a person dies after investing in Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), then his family gets Rs 2 lakh. Term plan of an insurance company means protection against risk. In a term plan, the insurance company pays the sum insured only on the death of the policyholder. If the person taking the policy remains well after the completion of the term, then he does not get any benefit. In fact, term plans are a great way to provide risk protection at very nominal premiums.
Who can get the benefit of this scheme
The minimum age for taking a term plan under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is 18 years and the maximum age is 50 years. Any citizen of India can take advantage of this scheme. The maturity age of this policy is 55 years. Pradhan Mantri Jeevan Jyoti Yojana was launched on 9 May 2015.
Registration period
The annual installment under this plan is paid before 31st May during each annual coverage period. If the PMJJBY policy is purchased on any date, its coverage for the first year will be till 31st May of the next year. In subsequent years, the cover of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) can be renewed every year on June 1 by paying the premium amount from the bank account.
Documents required for Jeevan Jyoti Bima Yojana
Aadhar card of the applicant
identity card
bank account passbook
mobile number
passport size photo
No need for medical examination
No medical examination is required to buy insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
Where can the account be opened
LIC can be contacted to open an account of PMJJBY. The government has declared LIC as its authorized company for PMJJVY. Apart from this, the government has also authorized some private insurance companies to open PMJJVY accounts. Along with this, after filling the form directly from the official website https://www.jansuraksha.gov.in/, the account can be opened by giving it to the bank where you have an account.
helpline number
If you are still facing any problem related to the Pradhan Mantri Jeevan Jyoti Bima Yojana, then you can get the solution by contacting the Pradhan Mantri Jeevan Jyoti Bima Yojana helpline number. The helpline number is 18001801111 / 1800110001. For more information related to Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) click here – http://jansuraksha.gov.in/
How to claim for Pradhan Mantri Jeevan Jyoti Bima Yojana?
If the person who has been insured, after his death, his nominee can claim under the Pradhan Mantri Jeevan Jyoti Bima Yojana.
After this, first of all, the nominee of the policy holder should contact the bank.
Then the nominee will have to take the Prime Minister Jeevan Jyoti Insurance Claim Form and Discharge Receipt from the bank.
Then the nominee will have to submit the claim form and discharge receipt form along with photographs of death certificate and canceled cheque.
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