Pradhan Mantri Jeevan Jyoti Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana is available to individuals in the age group of 18 to 50 years who have a bank account and who consent to join the scheme / auto-debit from their account.
The Jeevan Suraksha of Rs 2 lakh is for a period of one year from 1st June to 31st May and is renewable.
Under this scheme, the risk covered in case of death of the insured person due to any reason is Rs.2 lakh.
The amount of premium is Rs.300 per annum which is to be auto-debited from the bank account in one installment only on or before 31st May under the scheme on each annual security tenure as per the option given by the subscriber.
This scheme is being offered by Life Insurance Corporation and all other life insurers who are willing to offer the product for this purpose with necessary approvals and agreements with banks on similar terms.
After the death of the policyholder, the family of the policyholder can be renewed PMJJBY under this scheme from year to year. The member of this plan has to pay an annual premium of Rs 330. Life insurance of Rs 2 lakh will be provided. Read More

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