4 lakh term insurance will be available for just Rs 342 under Personal Finance / Pradhan Mantri Jeevan Jyoti Insurance and Bima Suraksha Yojana
new Delhi. The Corona period has well explained the importance of insurance. The Central Government has also launched 2 schemes to reach insurance to every section of the society. In Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, you get term insurance of up to 2-2 lakh rupees at a very low price. That is, you can take insurance of up to 4 lakh rupees at an annual expense of just Rs 342. We are telling you about both these schemes.
Pradhan Mantri Suraksha Bima Yojana
1 lakh rupees a month will get a cover of 2 lakh rupees . Under this scheme, the government gives death insurance of 2 lakh rupees per month. The scheme was launched by Prime Minister Narendra Modi in May 2016. Under the scheme, many types of covers are available at a premium of Rs 12 per year on a rupee basis. This amount is deducted from your linked bank account every month. Under this, a cover of 2 lakh rupees is available, while in different circumstances one lakh rupees are available.
To have a bank account of the applicant must have at Premier Security Insurance Plan (PMSBY) you can fill out online or at your bank. You can take this insurance through any bank. Along with the public sector, private banks have also given complete information related to this on their websites. The applicant must have a bank account to take advantage of the scheme. Money is debited directly from the bank account.
2 lakh will be given in case of death in accident due to permanent complete disability in accident such as losing both eye or both hands or both legs or losing one eye and one arm or one leg. In case of permanent partial disability in an accident such as loss of sight in one eye or inability to use one arm or one leg, a payment of Rs 1 lakh will be made.
Also Read: SBI Account Holders Can Get Rs 5000 Pension/Month Under Atal Yojana: How To Apply
Who can avail the benefit of the applicant must be at least 18 years old. At the same time, maximum of this insurance can be given for 70 years. Click here for more information related to the scheme
Prime Minister Jeevan Jyoti Insurance Scheme
Assistance of 2 lakhs is provided on the death of the insured. Term insurance plan is provided under the Prime Minister Jeevan Jyoti Bima Yojana (PMJJBY). After investing in it, if the person dies due to some illness or accident, then his family gets 2 lakh rupees. The scheme was launched on May 2015. The person concerned should 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. In this, the risk cover scheme is taken 45 days after enrollment.
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 you take the benefit of 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. Click here for more information related to this
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.
