Business News Desk, Everyone wants more profit in less expense. Such schemes keep coming from time to time, all you need to do is keep your eyes and ears open. Today we are going to tell you about one such scheme launched by the Modi government, which provides you a security of Rs 2 lakh at a nominal expense.
beginning in 2015
Prime Minister Narendra Modi launched ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ on 9 May 2015, it is a life insurance scheme of the Central Government, which is renewed every year. This plan provides the insurance coverage amount to the nominee in case of death of the policy holder due to any reason.
now so connected
The number of people joining the Prime Minister Jeevan Jyoti Insurance Scheme is continuously increasing. Recently, the Finance Ministry had said that this scheme has provided life insurance coverage of Rs 2 lakh to more than 21 crore beneficiaries in the country. The total number of claims received till 20 October 2024 was 860,575 and its value was Rs 17,211.50 crore.
there is so much benefit
The best thing about this plan is that it provides an insurance cover of Rs 2 lakh at a premium of just Rs 436 annually. Nowadays, if you drink a cup of tea outside, you have to spend at least Rs 10 for that too. One cup of tea every day amounts to Rs 3650 per year. That means the government is providing you an insurance cover of Rs 2 lakh for less than the price of one tea.
Who are the characters?
Let us now also know who can take advantage of this. People between 18 to 50 years of age having an account in bank or post office can apply for this scheme. People who enroll under this plan before completing 50 years of age can get coverage till the age of 55 years by paying regular premium.
How to apply?
You can apply for Pradhan Mantri Jeevan Jyoti Bima Yojana by visiting your bank’s branch or website. If you have an account in the post office, you will have to go to the nearest post office. Under PMJJBY, the premium is automatically deducted from the account holder’s bank account every year. If you want more information regarding the scheme, you can visit the website jansuraksha.gov.in.