Subscribe
CURRENT AFFAIRS

Pradhan Mantri Jeevan Jyoti Bima Yojana: Encouraging insurance protection of poor and low-income sections of society, all you want to know

Nikhilesh Kunal

Pradhan Mantri Jeevan Jyoti Bima Yojana: Encouraging insurance protection of poor and low-income sections of society, all you want to know

PMJJBY is an insurance scheme by Ministry of Finance, offering life insurance cover for death due to any reason. It is a one-year cover, renewable from year to year. The scheme is offered / administered through LIC and other Life Insurance companies willing to offer the product on similar terms with necessary approvals and tie ups with Banks / Post office for this purpose. All individual account holders of participating banks/ Post office in the age group of 18 to 50 years are entitled to join. Aadhaar is the primary KYC for the bank / Post office account.

Benefits

PMJJBY offers a renewable one year term life cover of ₹ 2.00 Lakh to all the subscribing bank account holders in the age group of 18-50 years, covering death due to any reason, for a premium of ₹ 330/- per annum per subscriber, to be auto debited from the subscriber’s bank account.

Also Read:

Eligibility

  1. The age of the applicant must be between 18 and 50 Years
  2. The applicant must hold a Bank Account / Post Office Account

Application Process

Offline

  1. Download and take print of the “CONSENT-CUM-DECLARATION FORM” given in  the link below: https://www.jansuraksha.gov.in/Files/PMJJBY/English/ApplicationForm.pdf#zoom=250
  2. Download and take print of the “CONSENT-CUM-DECLARATION FORM” given in  the link below: https://www.jansuraksha.gov.in/Files/PMJJBY/English/ApplicationForm.pdf#zoom=250 Duly fill and sign the application form, attach the self attested copies of the  required documents, and submit the case to the authorised official of Bank / Post Office. The official will return you the “ACKNOWLEDGEMENT SLIP CUM CERTIFICATE OF INSURANCE”.

Document Required: Proof of Identity (KYC): Either of AADHAAR card or Electoral Photo Identity Card (EPIC) or MGNREGA card or Driving License or PAN card or Passport

For more information please see: https://www.jansuraksha.gov.in/Forms-PMJJBY.aspx

Also Read: Pradhan Mantri Mudra Yojana: Encouraging Entrepreneurship at Grass Roots, all you want to know

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.