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Learn About The Benefits Of The Pradhan Mantri Jeevan Jyoti Bima Yojana And Verify Your Eligibility Here

The life insurance coverage offered by the Pradhan Mantri Jeevan Jyoti Bima Yojana (Scheme) (PMJJBY) covers death from any cause. Banks and post offices provide this yearly coverage, which is renewable and is managed by life insurance companies. Participants must be between the ages of 18 and 50 and have accounts with participating post offices or banks.

Prime Minister Narendra Modi introduced the Pradhan Mantri Jeevan Jyoti Bima Yojana, a government-backed life insurance program, in May 2015.

The Life Insurance Corporation of India (LIC) and other partnering life insurance firms provide the plan.

Benefits of the Pradhan Mantri Jeevan Jyoti Bima Yojana

A one-year term life insurance policy of Rs 2.00 Lakh is available to all subscribers in the 18–50 age range via PMJJBY.

It includes death from any cause.

Each subscriber must pay a premium of Rs 436/-per year, which will be automatically deducted from their bank or post office account.

What Is The Minimum Qualification To Join PMJJBY?

The candidate must be between the ages of 18 and 50.

The candidate has to have a personal bank or post office account.

Anyone with a savings bank account at a partnering bank between the ages of 18 and 50 is eligible to participate. An individual may only sign up for the program using one savings bank account if they have several bank accounts with one or more institutions.

How Is The PMJJBY Premium Paid?

Through the “auto debit” feature, the premium will be taken out of the account holder’s bank or post office account.

Apply Online for Pradhan Mantri Jeevan Jyoti Bima Yojana

Through the online Net banking service provided by their bank, one may also get coverage under PMJJBY.

Apply Offline for Pradhan Mantri Jeevan Jyoti Bima Yojana

Step 1: Go to the following URL to download and print the “Consent-cum-declaration Form”: https://www.jansuraksha.gov.in/Files/PMJJBY/English/ApplicationForm.pdf#zoom=250

Step 2: Complete the application form correctly, sign it, and attach the self-attested copies of the necessary paperwork. Then, present the case to the bank or post office’s designated official. You will get the “Acknowledgment Slip Cum Certificate Of Insurance” back from the official.

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