Insurance Tips: Under Pradhan Mantri Jeevan Jyoti Bima Yojana, the government provides insurance up to Rs 2 lakh, know how to apply..

The Government of India is running many schemes to provide financial benefits to all sections. One of these schemes is Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). This scheme was started in the year 2015. It is a kind of life insurance.

About PMJJBY
Pradhan Mantri Jeevan Jyoti Bima Yojana is a term insurance plan. Its benefit is available to the family of the policyholder after death.

This means that if the policyholder dies due to illness, accident, or any other reason, then his family gets Rs 2 lakh. However, if nothing happens to the investor till the completion of the scheme, then he is not given the benefit.

Any person between 18 to 50 years old can avail of the benefit of this scheme. After applying for this scheme, the investor can also use Auto-Debit if he wants.

In this scheme, the government provides insurance in a small amount. In this, any citizen can get insurance of up to Rs 2 lakh by investing only Rs 436 annually.

Before the year 2022, only Rs 330 had to be paid to buy the policy, later the government increased it to Rs 436. The premium given in this policy is valid from June 1 to May 31 next year.

How to apply
If you also want to take advantage of this scheme, then you can apply by going to any bank or LIC office. Apart from this, you can also apply for this scheme online.

These documents are necessary.
To apply for this scheme, the applicant must have an Aadhaar Card, PAN Card, passport-size photo, bank account passbook, and mobile number.

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