The Government of India has started the PMJJBY Scheme to help people with Life Insurance. The full name is Pradhan Mantri Jeevan Jyoti Bima Yojana. This scheme is really helpful because it gives money to the family of the person who has passed away, no matter the reason. After someone dies, their family will get ₹2 lakh as Life Insurance coverage.
The PMJJBY Scheme is available through banks and post offices. They work with life insurance companies to manage everything. It’s easy to apply for this scheme! If you want to get the benefits of the PMJJBY Scheme 2024, you just need to check if you are eligible first.
To do this, go to the official website. There, you will find the application form that you need to fill out. It’s important to remember that you should complete all the steps to make sure you get the benefits from the PMJJBY Scheme.
In short, the PMJJBY Scheme is a great way for Indian citizens to secure a future for their families. So, if you are eligible, don’t wait! Apply today and be ready for whatever comes in the future.
PMJJBY Scheme Objective
Pradhan Mantri Jeevan Jyoti Bima Yojana is a scheme that helps people in India get life insurance. This insurance is available at a much cheaper rate than what you usually find in the market. With the PMJJBY scheme, you only have to pay a small premium of just INR 436 to enjoy life insurance.
If you are between 18 to 50 years old, you can apply for the Pradhan Mantri Jeevan Jyoti Bima Yojana easily. It’s great because it supports many young and middle-aged people in India. But remember, to get the benefits from this scheme, you need to have a bank account or a post office account.
So, if you want to protect your family’s future without spending too much money, the PMJJBY scheme is a good choice. This life insurance plan is made for everyone, and it’s super simple to sign up. Don’t miss out on this chance to get secure life insurance!
Also Read: Ayushman Bharat Scheme for Senior Citizens
Highlights of the PMJJBY Scheme
| Name of the scheme | PMJJBY Scheme |
| Launched by | Government of India |
| Objective | Provide Life Insurance |
| Beneficiaries | Citizens of India |
| Official website | https://financialservices.gov.in |
Eligibility Criteria
- The age of the applicant must be between 18 to 50 years.
- The applicant must hold an individual bank/post office account.
Age Limit
- The maximum maturity age of the life insurance under the PMJJBY Scheme is 55 years.
Benefits of The Scheme
- The applicants can get premium life insurance at a much cheaper rate than a market under the Pradhan Mantri Jeevan Jyoti Bima Scheme.
- The applicants just have to pay a premium of INR 436 per month to avail the benefits of the PMJJBY Scheme.
- The total financial assistance of INR 2 lakh will be given to the applicant’s family after their death due to any cost.
- The applicants can fill out the enrollment form online in the comfort of their homes without going anywhere.
- To avail the life insurance under the scheme the applicants did not have to undergo any medical examination.
PMJJBY Premium Amount
- The premium amount under the Pradhan Mantri Jeevan Jyoti Bima Yojana is INR 436.
Financial Benefits Under PMJJBY
- The total financial assistance under Pradhan Mantri Jeevan Jyoti Bima Yojana is INR 2 lakh after the death of the applicant due to any cause.
PMJJBY Enrollment Process 2024
- To enroll under the scheme all the applicants can visit the nearest bank branch or post office.
- Once the applicant reaches the nearest bank branch or post office the applicant can consult with the concerned official.
- The applicant will receive the application form from the bank branch or post office.
- Applicants must fill out all the details that are asked for and attach all the necessary documents on the application form.
- After filling out the details carefully the applicant muscle reviews it and submits the application form back to the concerned official.
PMJJBY Scheme Renewal Process
- To renew the PMJJBY scheme the applicant can visit the nearest bank branch or post office.
- The applicants can just consult with the concerned officer and fill out the renewal application.
- The applicant must enter all the details and attach all the documents that are asked.
- After filling out all the details the applicant must submit the renewal application to the concerned official.
FAQs
Who is eligible to avail of the benefits of the Pradhan Mantri Jeevan Jyoti Bima Scheme 2024?
All the applicants who are between the age group of 18 to 50 years are eligible to avail the benefits of the PMJJBY Scheme 2024.
What is the premium amount to be given under the PMJJBY Scheme?
The premium amount under the PMJJBY scheme is INR 436.
What is the total financial assistance to be given under the PMJJBY Scheme?
The total financial assistance under the PMJJBY scheme is INR 2 lakh after the death of the applicant due to any cause.