Pradhan Mantri Jeevan Jyoti Bima Yojana

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Government of india has launched many schemes one of them is Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme that provides a life cover of Rs. 2 lakhs to the Citizens of india in the age group of 18 to 50 years. The scheme is renewable every year and the premium is Rs. 330 per annum, which is to be auto-debited from the citizens bank account.

Name of yojana	Pradhan Mantri Jeevan Jyoti Bima Yojana
Benefit	2 lakhs
Eligibility	age between 18-50
Mode	Apply online/offline

Pradhan Mantri Jeevan Jyoti Bima Yojana Features

• The scheme is open to all citizens of India in the age group of 18 to 50 years who have a bank account.

• The premium is Rs. 330 per annum and is to be auto-debited from the subscriber’s bank account.

• The life cover is Rs. 2 lakhs and is payable to the nominee of the insured in the event of his/her death.

• The scheme is renewable every year and the policyholder can opt out of the scheme at any time.

• The scheme is administered by Life Insurance Corporation of India (LIC) and other life insurance companies that have tie-ups with banks.

What are Eligibility criteria of (PMJJBY)

To become eligible for Pradhan Mantri Jeevan Jyoti Bima Yojana, the applicant must meet the following criteria :

• Age: 18 to 50 years

• Bank account: The applicant must have a bank account with a valid Aadhaar number.

• Auto-debit: The applicant must give his/her consent for auto-debit of the premium from the bank account.

How to apply online and offline for Pradhan Mantri Jeevan Jyoti Bima Yojana

For Online

The online application can be made through the website of LIC or any other life insurance company that offers the scheme.

Document required

• his/her personal details

• bank account details

• and Aadhaar number

For Offline

The offline application can be made by submitting a duly filled application form to any LIC office or any other life insurance company that offers the scheme.The application form can be downloaded from the website of LIC or the life insurance company.

Conclusion

Pradhan Mantri Jeevan Jyoti Bima Yojana is a very beneficial scheme for the people of India.It provides a life cover of Rs. 2 lakhs at a very affordable price.The scheme is also very easy to apply for and can be done online or offline.I would encourage everyone to enroll in this scheme to secure their financial future.

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