Preface Of Pradhan Mantri Jeevan Jyoti Bima Yojana
Have you taken the advantage of Pradhan Mantri Jeevan Jyoti Bima Yojana or PMJJBYscheme? If you have taken then it is very beneficial for you and if not then think to take advantage made for you all. I insist for the remaining people to take the advantage of this scheme.
Don’t waste your time to become the nominee of Pradhan Mantri Bima Yojana. If you don’t have any information related to PM Jeevan Jyoti Bima Yojana, I will provide all details about it in this article.
Pradhan Mantri Jeevan Jyoti Bima Yojana
This scheme is launched with Atal Pension Yojana and Pradhan Mantri Suraksha Bima Yojana(PMSBY).
What is Pradhan Mantri Jeevan Jyoti Bima Yojana and its Aim?
The Prime Minister of India, Shri Narendra Modi dedicated Pradhan Mantri Jeevan Jyoti Bima Yojana scheme to the people of India for the welfare of the poor on 9th May 2015. It is a one-year life insurance scheme and you need to renew it yearly.
This PMJJBY scheme is a life insurance scheme for the Indian Citizens whose age is between 18 to 50. This is excluded from the tax.
Jeevan Jyoti Beema Yojana is a life insurance scheme, not an accident Insurance. If you want to take the benefit of Accident Insurance, You need to apply for Pradhan Mantri Suraksha Bima Yojana(PMSBY). So don’t get confused between both schemes.
Everyone can take the benefit of it because you need to pay just ₹ 335 Annual payment. The poor, middle and richest people can take advantage of it. If you think about that you need to save ₹1 per day for a year. The total of it ₹365 per year which is very lowest cost.
It will provide the ₹2 Lac in a case of any death of the nominee. It is a part of Jan Dhan Yojana. Jan Dhan Bank Account is opened with zero balance. Lots of people opened their account but they haven’t credited any balance up to a long time. The Government Of India wants to reduce zero balanced accounts with the help of this scheme.
Pradhan Mantri Jeevan Jyoti Scheme
Lots of people have opened their account but they have not credited any balance up to a long time. The Government Of India wants to reduce zero balanced accounts with the help of this scheme.
So Every poor can save their money by taking the advantage of this Pradhan Mantri Jeevan Bima Yojana.
The amount will be deducted from your account. You need to save 330/365= ₹ 0.90 per day. This is the lowest cost and possible for everyone to take the advantage of it.
You need to renew your policy each year.
As of 24 April 2017, 3.11 crore people have already enrolled in this scheme. 60,422 claims have been disbursed against 63,767 claims received.(credit link)
The Characteristics Of Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY)
You can take the benefit of it with the lowest premium per annum which is ₹330.
You will get ₹2 Lac in a case of any accident or death of the nominee.
Life Insurance Corporation Of India(LIC) is offering this scheme and we know it is trusted and genuine like other insurance companies.
You need to provide the name of the nominee and the beneficiary name in case of death of the nominee. The benefit is transferred to their relatives whose name is included in it.
The government decides the contribution in it every year which keeps differing. At a time only one person can take the benefit per one bank account with one insurance.
You can rejoin this scheme with the help of submitting self-declaration of good health and annual premium.
Pradhan Mantri Jeevan Jyoti Bima Yojana Claim Form
If you need a claim from it and have SBI bank account. You can download it from this link: Click Here
Eligibility to join PM Jeevan Jyoti Bima Yojana
You will be able to apply if your age is in between 18 to 50 years.
Saving bank account is mandatory to join Pradhan Mantri Jeevan Jyoti Bima Yojana. If You don’t have, You can open at zero balance accounts with the help of Pradhan Mantri Jan Dhan Yojana(PMJDY).
PMJJBY Scheme Details
Pradhan Mantri Jeevan Jyoti Bima Yojana Premium Amount
PM Jeevan Jyoti Bima Yojana Amount is ₹330 per annum.
This scheme is for one year period from 1st June to 31st May. You can renew this scheme at 1st June of the every year.
PMJJBY Payment Mode
You must keep some amount balance as per the PMJJBY scheme. The amount will be deducted from your saving bank account once in a year.
Conclusion Jeevan Jyoti Bima Yojana
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