Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJB) | How to Apply | Achievements | Details

Pradhan Mantri Jeevan Bima Yojana

Suppose, there is a family of 4, a father, a mother and their two kids. They are having a peaceful life until one day. That day the husband dies and the family gets shattered. But the husband was intelligent. He had a insurance cover. And after his death, the family got the insured amount so that they can leave happily. Be like the husband.

In a survey done in May 2015, it was found that only 20% of the Indian population has any kind of insurance. This had to be changed because by the use of insurance, we can transfer a risk to another. That is why Prime Minister, Narendra Modi launched a scheme which is know as Pradhan Mantri Jeevan Jyoti Bima Yojana to provide life insurance at a cheap rate.

Under this scheme

1. Rs. 2,00,000 is paid to the nominee in case of death by any reason.
2. The annual premium is Rs. 330.
3. It is renewed every year with auto debit facility.
4. People between age of 18 and 50 are eligible to apply.

How to apply for Jeevan Jyoti Bima?

1. Download form by clicking here.
2. Fill up the form.
3. Approach your bank branch.
4. Submit it to them.

Alternatively, it can be applied directly by net banking or mobile banking for the supported banks.

Achievements

Till may 2018,

Subscribed : 5.33 crore people
Claims : 60,422 claims
Disbursed : 63,767 claims

Thanks for reading. This article was bought to you by Hamari Yojana, an initiative by a Political Science student and a CA student. Stay tuned for more articles like this.

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