Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Details & Benefit

Pradhan Mantri Jeevan Jyoti Bima Yojana is an insurance scheme of the central government and Under PMJJBY Scheme Rs.2 lakhs rupee insurance value  is payable for the policy holder who get died due to  any reason. The premium payable is Rs.330/- per annum per subscriber. Under Pradhan Mantri Jeevan Jyoti Bima Yojana you have to pay less than 1 Rupee Per day.

Pradhan Mantri Jeevan Jyoti Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana

What is Pradhan Mantri Jeevan Jyoti Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana is an insurance policy scheme under which all savings bank account holders in the between age 18 to 50 years in participating banks will be eligible to join the Scheme. Under this PMJJY Scheme 2 Lakhs Rupee Death cover will be given to the policy holders. it is an auto Debited Scheme. One key point is that this scheme will be linked only to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana.The Beneficiary should have to open their bank account under the Pradhan Mantri Jan Dhan Yojana.

Who When & Where launch the PM Jeevan Jyoti Bima  Yojana

Jeevan Jyoti Bima Yojana was launched by Prime Minister Narendra Modi on 9th May 2015 in Kolkata and it’s originally mentioned in the budget of 2015.

Why Pradhan Mantri Jeevan Jyoti Bima Yojana Launch

Governement feels the need Pradhan Mantri Jeevan Jyoti Bima Yojana because only 20% of India’s population has any kind of insurance. This PMJJBY Scheme main objective is that to increase the number of this kind of Insurance policy holders.

Brief Summary Of PMJJBY scheme

DetailsDate
Scheme NamePradhan Mantri Jeevan Jyoti Bima Yojana
Who launched SchemePrime Minister Narendra Modi
Date Of launched9th May 2015
CategoryInsurance Scheme
Premium Value330/- per annum
Death coverRs. 2 Lakh Rupee

Benefits of Pradhan Mantri Jeevan Jyoti Bima Yojana

  • It gives 2 lakh death cover to the policy holder.
  • Its premium value is to small only 330 Rupees Per annum.
  • Its fully secured insurance policy
  • Auto Debited Insurance Scheme

PMJJBY Required Documents

  • Bank Account opened Under Pradhan Mantri Jan Dhan Yojana.
  • Identity proof
  • Declaration Form

How to apply Pradhan Mantri Jeevan Jyoti Bima Yojana

  • You have to visit the Bank Branch where you have your bank account
  • Submit all the Required Documents and Declaration Form with appropriate detail
  • Then submit all Form and all required detail & Documnets to the branch manager.

Important Downloads

PMJJBY Rules EnglishClick Here
PMJJBY Consent Form Cum Declaration Form EnglishClick Here
PMJJBY Insurance Claim Form EnglishClick Here
PMJJBY Rules HindiClick Here
PMJJBY Consent Form Cum Declaration Form HindiClick Here
PMJJBY Insurance Claim Form HindiClick Here

Important Links

Central Govt SchemeClick Here
UP State Govt SchemeClick Here

 

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