- Anyone between 18 and 50 years old can take advantage of this scheme.
- The person taking advantage of the scheme must have a bank account
The government runs a variety of schemes for the people of the country. One of these schemes is the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Under this, a term insurance plan of Rs 2 lakh is provided at a premium of Rs 330 annually. That is, you will get an insurance of 2 lakh rupees in a premium of less than 1 rupee per day. We are telling you about this plan.
Family gets 2 lakh on the death of the insured
. Under this scheme, a term insurance plan of 2 lakh rupees is provided by the government. After investing in it, if the person dies due to some illness or accident, then his family gets 2 lakh rupees.
To take advantage of the
scheme, it is necessary to have a bank account, the person taking advantage of the scheme must have a bank account. The policy holder has to deposit Rs 330 annually. This amount will be deducted directly from the bank account of the person concerned every year. Anyone aged 18 to 50 years can take advantage of this scheme.
Cover period is
1 June to 31 May It has a cover period of 1 June to 31 May. This means that the PMJJBY policy is purchased on any date, its coverage for the first year will be till 31 May next year.
No medical examination is required.
There is no need for a medical examination to buy insurance. You will start getting this facility from the day the premium amount is deducted from your bank account.
Where can I take advantage of this?
This scheme is operated through LIC as well as other private life insurance companies. A person can also get information by going to his bank, many banks have tie-ups with insurance companies. The form for this scheme is also available in different Indian languages. These include English, Hindi, Gujarati, Bangla, Kannada, Odia, Marathi, Telugu and Tamil.
How can you take advantage of the scheme?
You can download its form through the website http://www.jansuraksha.gov.in and fill the details and submit it to a bank or insurance company. Even if an account holder has a savings account in more than one bank, he / she will be able to avail insurance only once. Apart from this, if you want to get some other information, you can call the toll free number 1800-180-1111 / 1800-110-001.
How to get insurance claim?
The nominee will have to claim the bank where the person concerned was insured. Death certificate has to be submitted. Other important documents will have to be provided along with discharge receipts.
What does a term plan mean?
In the term plan, the insurance company pays the insurance amount only after the death of the policyholder. If the person taking the policy stays well even after the completion of time, then he does not get any benefit.
Source: www.bhaskar.com
