Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): Who Qualifies and What You Get
Learn how this life insurance scheme provides financial protection for your family through a simple annual premium deducted from your bank account.
This scheme provides life insurance coverage to help protect your family financially in the event of your death.
Who it's for
You qualify if you are between the ages of 18 and 50 and hold a bank account.
What you get
If you pass away, your beneficiaries will receive a life insurance cover of ₹2 lakhs.
What it costs you
It costs ₹436 per year. This amount is automatically deducted from your bank account.
The catch to know
This is a term insurance policy, which means it is strictly for protection. It is not an investment plan, so you will not receive any money back if you survive the policy term.
How to apply
- Visit your bank branch or check your mobile banking app.
- Ask to enroll in the scheme through your existing savings account.
- Ensure your bank account has sufficient funds for the annual renewal.
- Review the details on the official portal: https://jansuraksha.gov.in/