Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Discover the Financial Shield: Introducing the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in India. Stay educated and protect your future with premium rate information.
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PMJJBY FAQs
What is the benefit of PMJJBY?
PMJJBY provides a renewable one-year term life cover of Rs. 2 lakh to all subscribing bank account holders aged 18-50 years, covering death due to any cause, for a premium of Rs. 330/- per annum per subscriber, to be auto debited from the subscriber's bank account.
What is the PMJJBY 436 RS scheme?
The Pradhan Mantri Jeevan Joyti Bima Yojana (PMJJBY) provides Pure Life Insurance coverage of Rs. 2,00,000/- at a very low yearly premium of Rs. 436/- to all Savings Bank account holders between the ages of 18 and 50.
What is PMSBY and its benefits?
PMSBY is an Accident Insurance Scheme that provides accidental death and disability coverage for death or disability caused by an accident. It would be a one-year contract that would be renewable year after year.
Is 436 deducted from bank account?
The policy provides a life insurance cover of Rs. 2.00 lakh for death due to any cause, with an annual premium of Rs. 436/- per member. The premium will be debited from the account holder's savings bank account by 'auto debit' and is due on May 31st each year.
What is the maturity period of PMSBY?
The scheme is a one-year Personal Accident Insurance Scheme that is renewable year after year, protecting against accidental death or disability.
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Shivansh holds a Master's degree in Geography. He is passionate about UPSC and UGC NET JRF, and loves to share his knowledge.
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