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.
The humiliating defeat against India has rocked Pakistani cricket. Disgusted by the team's poor p
Karwa Chauth is the festival of wishing for unbroken good fortune. This time the worship of the m
India will overtake the UK to become the third largest economy in the world by the end of this de
The Supreme Court has ordered the formation of a new independent SIT to investigate the allegatio
Controversy has come to the fore once again in Karnataka regarding the hijab. Students sit on dha
Chief Justice of India (CJI) Sanjiv Khanna retired on Tuesday, May 13, and handed over his charge
A strange incident happened on the second and last day of the G-20 summit that ended on Wednesday
Aam Aadmi Party (AAP) national convenor and former Delhi Chief Minister Arvind Kejriwal will visi
Delhi Blast: Al Falah University under scrutiny, ED raids 25 locations in Delhi-Faridabad
The strings of the terrorist attack in Delhi have now reached Faridabad, Haryana. The Enforcement
Rupee at All-time Low: Rupee closed at a historical low, closed at 77.73 against one dollar
Rupee at All Time Low: The fall in the rupee against the dollar is not taking its name. The India
