Pradhan Mantri Jeevan Jyoti Bima Yojana is being run by the government to provide the benefit of life insurance to the general public. In this scheme, the beneficiary gets insurance up to Rs 2 lakh. Today in this article we will tell you what is the process of applying in this scheme and how much investment is required in it.
The Government of India is running many schemes to provide financial benefits to all sections. One of these schemes is Pradhan Mantri Jeevan Jyoti Bima Yojana ( PMJJBY ). This scheme was started in the year 2015. It is a kind of life insurance.
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About PMJJBY
Pradhan Mantri Jeevan Jyoti Bima Yojana is a term insurance plan. Its benefits are available to the family of the policy holder after death.
This means that if the policy holder dies due to illness, accident or any other reason, then his family gets Rs 2 lakh. However, if nothing happens to the investor till the completion of the plan period, then he is not given any benefit.
Any person between 18 and 50 years of age can avail the benefits of this scheme. After applying for this scheme, the investor can also use Auto-Debit if he wants.
In this scheme, the government provides insurance at a low cost. In this, any citizen can get insurance up to Rs 2 lakh by investing just Rs 436 annually.
Before the year 2022, only Rs 330 had to be paid to buy the policy, later the government increased it to Rs 436. The premium paid in this policy is valid from June 1 to May 31 of the next year.
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How to apply
If you also want to take advantage of this scheme, then you can apply by going to any bank or LIC office. Apart from this, you can also apply for this scheme online.
These documents are necessary
To apply in this scheme, the applicant must have Aadhaar Card, PAN Card, passport size photo, bank account passbook and mobile number.
