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Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is offering a life insurance coverage cowl of Rs 2 lakh. On this scheme of the Authorities of India, on loss of life as a consequence of any cause, a life cowl of Rs 2 lakh is on the market at an annual premium of simply Rs 436. The premium quantity is deducted from the account holders’ financial savings checking account via auto debit and is payable on thirty first Could yearly. It is a one yr life insurance coverage however it may be renewed yearly.
The place are you able to get insurance coverage scheme
Pradhan Mantri Jeevan Jyoti Bima Yojana is run via each private and non-private sector insurance coverage firms in tie ups with scheduled business banks, regional rural banks and co-operative banks. You should purchase this insurance coverage coverage by visiting these banks. The protection is legitimate from June 1 to Could 31 primarily based on cost of annual premium.
Who’s eligible?
Indians who’re within the age group of 18-50 years and have a financial savings account in a financial institution or put up workplace can benefit from this scheme. Those that be part of the plan earlier than finishing the age of fifty years proceed to have the danger of life cowl until the age of 55 years topic to cost of premium. This scheme was began within the yr 2015. The federal government has positioned heavy emphasis on the insurance coverage sector as earlier a big part of the inhabitants didn’t have entry to insurance coverage protection.
Perceive the premium payable
In the event you enroll in June, July and August, the complete annual premium of Rs 436 is payable. In the event you enroll in September, October and November then it’s important to pay a premium of Rs 342 and for those who enroll in December, January and February then it’s important to pay a premium of Rs 228. Lastly, for those who enroll in March, April and Could, your premium will likely be Rs 114.
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2024-03-18 04:51:38
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