A government scheme called the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) covers death for any cause. The one-year coverage is renewable annually. Banks and post offices offer the plan, which is run by life insurance companies.
Jeevan Jyoti Bima Yojana Pradhan Mantri
Enrollment in this government scheme is open to all individuals having accounts at participating banks or post offices between the ages of 18 and 50.
Mantri Pradhan Advantages of the Jeevan Jyoti Bima Yojana
1. For members ages 18 to 50, PMJJBY provides a one-year term life insurance policy worth Rs 2 Lakh.
2. It includes death from any cause.
3. The Rs 436 annual premium that policyholders pay is immediately withdrawn from their bank account or post office accounts.
How to apply for the Pradhan Mantri Jeevan Jyoti Bima Yojana
Step 1: Click the link below to download and print the “Consent-Cum-Declaration Form.” Application Form (PDF) – https://www.jansuraksha.gov.in/Files/PMJJBY/English/ApplicationForm.pdf#zoom=250
Step 2: Complete the application form correctly, sign it, and send it to the bank or post office’s authorized representative along with the self-attested copies of the necessary paperwork. You will receive the recognition slip and insurance certification back from the official. A user can use their bank’s net banking service to apply through PMJJBY online to take advantage of the scheme online.
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