PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA-A SMALL STEP FOR A SECURE FUTURE

PRADHAN-MANTRI-JEEVAN-JYOTI-BIMA-By-techymob

Pradhan Mantri Jeevan Jyoti Bima Yojana was formally launched by the Prime Minister of India, Mr. Narendra Modi for the 18-50 years aged citizen of India for a safe and secure future. The idea behind the origin of this scheme was to provide an insurance up to lakhs by just paying a small premium of Rs.330/- every.

This Pradhan Mantri Jeevan Jyoti Bima mission requires a bank account linked with the individual applying for the scheme. The premium will be automatically deducted from this account and the benefit will also be credited into the same.

One can also link this mission to the bank accounts opened under the other mission launched by the Pradhan Mantri and that is Pradhan Mantri Jan Dhan Yojana.

GST is also exempted from the Pradhan Mantri Jeevan Jyoti Bima Yojana.

Bank account holders can avail this facility through their net-banking service facility or to apply for this facility, one can get a form at the bank branch at any time of the year. It involves the least documentations for applying for this Pradhan Mantri Jeevan Jyoti Bima Yojana.

AGE PREVELANCE-
  • Citizen of India who are 18 to 50 Years old in age can easily apply for this mission and get the benefits.

INSURANCE TERM– June 1 to May 31 of the next financial year.

Prime Minister Jeevan Jyoti Insurance is a government sponsored life insurance scheme. This plan is a one year cover term life insurance plan, which can be renewed annually and provides life insurance cover on death due to any reason.

Download PAN Card By PAN Number & Date of Birth

ELIGIBILITY

All savings bank account holders of the age group of 18 to 50 years can join this scheme. If a person has multiple savings bank accounts in one or different banks, then that person can only be involved in this scheme through a savings bank account.

THE PREMIUM

Rs. 330 / – per person per person for insurance up to 2 lakh

Under the scheme, the premium amount will be deducted from the savings bank account of the account holder through the ‘Auto Debit’ facility in an installment, as per the option given on or before 31st of May for each annual coverage period.

After 31st May, delay nomination for potential cover will be possible after submitting the full payment of annual premium and self-certification of good health.

HOW TO APPLY FOR PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA

The account holder can enroll for PMJJBY through any of the following systems.

  • Going to the branch.
  • Getting the form under the Pradhan Mantri Jeevan Jyoti Bima Scheme.
  • Fill it and submit it with the required documentations.

At any given time, the person going out of the plan can join the scheme by presenting the declaration of good health in the prescribed format.

Description Insured amount
On death 2 lakhs

TERMINATION OF INSURANCE

Members’ life insurance will end on the following events and they will not be given any benefit in the following situations:

  • Upon the age of 55 years (around birth day) under annual renewal (although, entry will not be possible if age of 50 years)

  • Inadequate balance to close the account in the bank or continue insurance.

  • In the case of multiple coverage under the scheme, insurance cover is about Rs. Will be limited to 2 lakh and the premium will be seized.

Pradhan Mantri Suraksha Bima Yojana | Accident Cover

OTHER IMPORTANT TERMS AND CONDITIONS

  • If the insurance cover is terminated for any technical reasons, such as insufficient balance or any other administrative reason on the due date, then it can be re-applied once the satisfactory statement of full annual premium and good health is received. During this period, the risk cover will be suspended and subject to the UC / insurer’s discretionary rights to re-apply the risk cover.

  • The insurance provided under this scheme will be subject to the initial lien of 45 days. No claim will be accepted on death during 45 days before the date of commencement of risk. However, if the cause of death is accident, then this rule will not be applicable. No lien will be imposed on the renewal made later.

  • Exceptions and other details can be seen in Master Policy provided by the bank.

27 Comments on “PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA-A SMALL STEP FOR A SECURE FUTURE”

  1. I just want to mention I am newbie to blogging and definitely savored you’re web page. Probably I’m going to bookmark your blog post . You really come with awesome stories. With thanks for sharing with us your website.

  2. Greetings, I do think your site might be having internet browser compatibility issues. Whenever I take a look at your website in Safari, it looks fine however, when opening in I.E., it has some overlapping issues. I merely wanted to give you a quick heads up! Besides that, excellent website.

  3. Thanks for the thoughts you talk about through this web site. In addition, a lot of young women who become pregnant tend not to even try to get medical health insurance because they worry they probably would not qualify. Although a few states currently require that insurers offer coverage no matter what about the pre-existing conditions. Prices on these kind of guaranteed options are usually higher, but when thinking about the high cost of medical care it may be your safer route to take to protect your current financial potential.

  4. I was very happy to uncover this website. I need to to thank you for ones time just for this fantastic read!! I definitely liked every bit of it and i also have you saved as a favorite to see new things in your blog.

  5. Hi there! This post could not be written much better! Going through this article reminds me of my previous roommate! He always kept talking about this. I most certainly will forward this post to him. Fairly certain he’s going to have a good read. Thank you for sharing!

  6. Next time I read a blog, I hope that it doesn’t disappoint me just as much as this one. I mean, Yes, it was my choice to read through, but I really believed you’d have something useful to talk about. All I hear is a bunch of moaning about something that you could fix if you weren’t too busy looking for attention.

  7. My husband and i were so ecstatic Chris could conclude his studies through the ideas he grabbed out of the weblog. It is now and again perplexing just to continually be freely giving information and facts that most people have been making money from. And we also acknowledge we now have you to be grateful to because of that. All of the illustrations you made, the simple blog navigation, the relationships you will make it possible to engender – it is many astonishing, and it’s making our son and the family know that the content is awesome, which is particularly serious. Thanks for the whole lot!

  8. After going over a handful of the blog articles on your website, I truly appreciate your way of writing a blog. I saved as a favorite it to my bookmark website list and will be checking back in the near future. Please check out my web site too and tell me what you think.

  9. I’m just writing to let you understand what a fine experience my friend’s girl developed using your web site. She picked up such a lot of things, which include what it is like to possess an incredible giving mood to let certain people clearly know specified problematic topics. You undoubtedly surpassed visitors’ expected results. Thank you for supplying these warm and friendly, dependable, revealing and even unique tips on that topic to Evelyn.

  10. I have to voice my admiration for your generosity for men and women who require assistance with this particular situation. Your personal dedication to passing the message around became remarkably invaluable and has surely empowered workers much like me to attain their objectives. Your new helpful useful information indicates much a person like me and much more to my office colleagues. Thank you; from all of us.

  11. I in addition to my pals appeared to be taking note of the best solutions located on your web site and then before long got a terrible suspicion I had not thanked the blog owner for those techniques. All of the women came for this reason stimulated to see all of them and have in effect really been having fun with these things. Appreciate your indeed being considerably accommodating and then for choosing such wonderful subject areas most people are really desirous to discover. My sincere apologies for not expressing gratitude to you earlier.

  12. I as well as my buddies have already been analyzing the best pointers located on the blog and before long got a horrible suspicion I had not thanked you for those tips. All of the young men are actually consequently excited to read through them and have without a doubt been tapping into these things. Appreciate your truly being well kind and also for deciding on this sort of great themes millions of individuals are really wanting to know about. Our own sincere regret for not expressing appreciation to you sooner.

Leave a Reply to John Deere Repair Manuals Cancel reply

Your email address will not be published. Required fields are marked *