By Admin 
PM Jeevan Jyoti Bima Yojana: Even today there are many families in the country whose income is very low. In such a situation, if the earning member of the family dies suddenly. So the whole family comes into financial trouble. In such a situation, the government has started a scheme to provide relief to the people. Its name is Pradhan Mantri Jeevan Jyoti Bima Yojana. This scheme was started by the Central Government in the year 2015.
So that poor and middle class people can also avail the benefits of insurance. Under the scheme, any person can get insurance cover up to Rs 2 lakh by paying a premium of just Rs 436 annually. This amount is given to a person’s family or nominee after his death. Let us tell you who and how can apply for this scheme.
What are the benefits of this scheme?
Pradhan Mantri Jeevan Jyoti Bima Yojana is very good for the poor and needy class. Persons between 18 to 55 years of age can apply for the scheme. To join this scheme, you have to pay a nominal premium of Rs 436 every year. This amount is automatically auto-debited from your bank account.
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Under this scheme, one year term life cover is available, which is valid from 1st June to 31st May. If the person dies during the insurance period. So an amount of Rs 2 lakh is given to his nominee. This amount can prove to be a big relief for the family. By receiving the insurance amount, children’s education, household expenses or other important needs can be met.
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How can one apply for the scheme?
It is very easy to apply for Pradhan Mantri Jeevan Jyoti Insurance Scheme. For this you do not need any agent or middleman. You can apply directly by visiting your nearest bank branch. You will have to fill the form of this scheme in the bank and submit some important documents. These include Aadhar card, identity card, bank account passbook, mobile number and passport size photo. After the application, your insurance is activated by the bank and the fixed premium is automatically deducted from the account every year.
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