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
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
| Details | Date |
| Scheme Name | Pradhan Mantri Jeevan Jyoti Bima Yojana |
| Who launched Scheme | Prime Minister Narendra Modi |
| Date Of launched | 9th May 2015 |
| Category | Insurance Scheme |
| Premium Value | 330/- per annum |
| Death cover | Rs. 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 English | Click Here |
| PMJJBY Consent Form Cum Declaration Form English | Click Here |
| PMJJBY Insurance Claim Form English | Click Here |
| PMJJBY Rules Hindi | Click Here |
| PMJJBY Consent Form Cum Declaration Form Hindi | Click Here |
| PMJJBY Insurance Claim Form Hindi | Click Here |
Important Links
| Central Govt Scheme | Click Here |
| UP State Govt Scheme | Click Here |