Registration is done in these two government-backed insurance schemes, so keep Rs 342 in your bank account in May


Posted on 6th May 2021 03:36 pm by rohit kumar

The Narendra Modi government had launched two major insurance schemes in 2015 keeping in mind the economic security of the families of the middle class and low-income people of the country. These two insurance schemes are named - Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). Under Pradhan Mantri Jeevan Jyoti Bima Yojana (Pradhan Mantri Jeevan Jyoti Bima Yojana), the nominee gets an insurance amount of two lakh rupees in case of unfortunate death due to any of the policyholder. On the other hand, under the Pradhan Mantri Suraksha Bima Yojana (Pradhan Mantri Suraksha Bima Yojana), the nominee gets an amount of Rs 2 lakh if ​​the policyholder dies in an accident.

 

The annual premium of PMJJBY is Rs 330 and the annual premium of PMSBY is Rs 12. In this way, on taking cover of both these insurance schemes, you need to deposit Rs 342 every year. These premiums are deducted from your account every year from May 1 to May 31 under the auto-debit facility. The reason for this is that the premium cycle of both these schemes is from June 1 to May 31 of the next year. In this way, if you have taken both these insurance schemes, then your next year's premium will be deducted from your bank account by May 31 this year. In such a situation, you will need to maintain at least this amount in your account at the end of May, otherwise, your insurance coverage may be exhausted.

 

Know the special things related to these schemes

 

Pradhan Mantri Jeevan Jyoti Bima Yojana

 

This insurance cover can be taken by people between the age of 18 to 50 years. It provides insurance cover up to the age of 55 years. For this, you should have a savings account with any bank. Also, you will need to approve auto-debit for this scheme. If you have a savings bank account in any bank, then you can take this insurance coverage by paying a premium of Rs 330 annually.

 

If the bank account linked to the scheme is closed in the middle of your insurance cover does not continue if there is no balance required. A person can open only one PMJJBY account from a bank account and an insurance company.

 

Those who exit from this scheme in the future can take an insurance cover of Rs 2 lakh under this scheme by paying the annual premium payment and the declaration of recovery.

 

Pradhan Mantri Suraksha Bima Yojana

 

Under this scheme, the nominee gets an insurance cover of two lakh rupees after the unfortunate death of the policyholder. At the same time, the policyholder gets a cover of Rs 2 lakh for permanent disability, Rs 1 lakh for permanent partial disability.

2 Like 0 Dislike
Previous news Next news
Other news

Ayodhya Ram Mandir: 3.5 to 4 lakh devotees are visiting the temple daily, the number of donation counters increased from 6 to 32

Due to Prayagraj Maha Kumbh, the number of devotees in Ram Mandir has increased three times. Sinc

Delhi: Delhi government's big decision amid allegations, the old excise policy will remain in force for six months

After the order of the CBI inquiry by the Lieutenant Governor, the Delhi government, which is fac

China Coronavirus Cases: Corona outbreak started increasing again in China, more than 32000 cases were reported in 24 hours

The coronavirus has started spreading rapidly once again in China. An increase in new cases of th

Threat of attack on Taiwan: Expert said - China will attack Taiwan as soon as it is capable of defeating America

China has become a big trader, but it does not have dollars and western bonds. The average age of

Weather Update Today: A cyclone is forming again in the Bay of Bengal, chances of rain in these states today, and cold will increase

The process of withdrawal of Southwest Monsoon is in the final stages and it will withdraw from m

Mahua Moitra: Who is TMC MP Mahua Moitra? Who was accused of taking bribes and asking questions and defaming the PM?

TMC MP Mahua Moitra, surrounded by allegations of taking bribes and asking questions in Parliamen

Brazil Death Toll: Due to heavy rains and landslides, the death toll in Brazil is not stopping, the death toll is 107

Heavy rains and landslides continue to affect life in Brazil. The death toll due to heavy rains a

Rahul Gandhi Foreign Visit: Rahul Gandhi again left for abroad, will return on July 17

Former Congress President and Wayanad Lok Sabha MP Rahul Gandhi once again left for a foreign tri

Kolkata: Fire breaks out at Netaji Subhash Chandra Bose International Airport, no casualties; Check-in and flight operations restored

A fire broke out at the Netaji Subhash Chandra Bose International Airport in West Bengal's capita

Weather update: Weather will change from north to south, know when the cold will increase in Delhi-UP

With the onset of November, the cold has started increasing in most of the states of the country.

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash