In PM Jeevan Jyoti Bima Yojana, the policy holder will have to pay only Rs 436 every year. A year ago, only Rs 330 had to be paid for this scheme. But later the premium amount was increased. The premium will be paid between June 1 and May 30.
Many schemes are being run by the government to make the citizens of the country economically strong and secure. One of these schemes is Pradhan Mantri Jeevan Jyoti Bima Yojana (PM Jeevan Jyoti Bima Yojana), in which all the citizens of the country are given the benefit of insurance.
To avail the benefits of insurance in this scheme, only Rs 436 has to be paid annually. After which the beneficiary gets the benefit of insurance worth Rs 2 lakh. The central government started this scheme in the year 2015.
In Pradhan Mantri
Jeevan Jyoti Bima Yojana (PM Jeevan Jyoti Bima Yojana), the policy holder will have to pay only Rs 436 every year. A year ago, only Rs 330 had to be paid for this scheme. But later the premium amount was increased. The premium will be paid between June 1 and May 30. To avail the benefits of the scheme, you can apply for the scheme by visiting any bank or sitting at home through internet banking.
Who can take the insurance policy?
Those persons between 18 years to 50 years can apply for the Jeevan Jyoti Insurance Scheme run by the Central Government. It has to be renewed every year. The maturity age of this policy has been fixed at 55 years. If the premium is not paid in any year then the person will not be able to avail the benefits of insurance. In such a situation, the account opened under the scheme is also closed.
How much claim is available:
If the person taking the policy dies due to any reason, then a claim of Rs 2 lakh is given to the legal officer or nominee of the insured person. This is a term insurance plan. Term insurance means that when the insured person dies, the legal heirs receive the benefit. If the person being insured remains in good health after the completion of the term of the insurance plan, then that person will not get any benefit.
