PM Jeevan Jyoti Bima Yojana: Get 2 lakhs of insurance cover for just Rs 330. The nominee will get money even after death from Corona

PM Jeevan Jyoti Bima Yojana: In the Corona period, you can give financial security to your family through term insurance. If you are unable to take insurance due to expensive premiums then, you can take advantage of the Central Government’s insurance scheme, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Central Government is running this insurance scheme.

PM Jeevan Jyoti Bima Yojana: Get 2 lakhs of insurance cover for just Rs 330. The nominee will get money even after death from Corona

Under the scheme, on the death of the beneficiary in any way, the nominee or family gets an amount of Rs 2 lakh. That is, if a person dies of Covid-19, also then, the nominee or family of the insured person will get 2 lakh rupees of insurance.

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PM Jeevan Jyoti Bima Yojana is a term insurance plan:

PMJJBY is a term insurance plan. In term insurance, the benefit is available only after the death of the policy taker. If the policyholder remains well after the end of the term, then he does not get any benefit.

Who can take advantage of Pradhan Mantri Jeevan Jyoti Bima yojana? 

Applicant should be Indian: The first criteria for claiming insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana is that the applicant should be Indian.

Age should be between 18 to 50 years: The second criteria for claiming insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana is that the applicant’s age should be between 18 to 50 years.

A medical examination is not necessary: In PMJJBY, a Medical Examination is not necessary.

You have to pay An annual premium of Rs 330:

To take advantage of PMJJBY, you have to pay a premium of Rs 330 every year. This premium amount will be automatically deducted from the account from May 25 to May 31. For this, the applicant has to give his consent.

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The cover period is from 1st June to 31st May.

Its cover period is from June 1 to May 31. This means that if the PMJJBY policy is purchased on any date, its coverage for the first year will be till May 31 of the next year. In this, the risk cover is available from 45 days after enrollment in the scheme.

Must have a bank account:

The applicant must have a bank account to take advantage of PMJJBY. This bank account can be in a government or private bank. After this, the applicant will have to apply to take advantage of PMJJBY.

How to get an insurance claim?

The nominee would have to claim with the insurance company or bank, where the person insured. A death certificate has to be submitted. Along with the discharge receipt, the insured person has to give other necessary documents.

From where can you take advantage of this?

LIC and other private life insurance companies run the PMJJBY insurance scheme. One can also get information by visiting a bank, many banks have tie-ups with insurance companies.

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FAQs

Who can apply for Pradhan Mantri Jeevan Jyoti Bima Yojana?

Any person can apply for the PMJJBY life insurance plan, but he/she should be Indian and age should be between 18 to 50 years.

Who will get the money in case the applicant death?

Under the PMJJBY life insurance scheme, on the death of the beneficiary in any way, the nominee or family gets an amount of Rs 2 lakh.

What is the annual premium amount of PMJJBY?

To take advantage of PMJJBY, you have to pay a premium of Rs 330 every year. This premium amount will be automatically deducted from the account from May 25 to May 31.

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