Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Overview
- One year Life insurance scheme.
- Auto renewed every year.
- Offering coverage for death due to any reason.
Eligibility
- Anyone of age between 18 and 50 years can join the scheme through a Savings bank account.
- Could be renewed till attaining 55 yrs of age.
Features
- The scheme offers a sum assured of Rs. 2 lakh on death of the insured member due to any reason at an annual premium of Rs. 330/-
- From date of joining to the following 31st May
- Amount will be automatically debited from the SB account between 20th to 31st May.
