PMJJBY & PMSBY Renewal: If you have also registered for Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, then the last date for renewal of both the schemes has arrived. There is auto debit from the premium account for these plans.
PMJJBY & PMSBY Renual: If you too often keep a low balance in the bank account or do not keep the balance at all, then definitely read this news. By reading and implementing this news, you can save up to 4 lakh rupees. Yes, you might find this a joke at first, but it is absolutely right. Actually, the date for renewal of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) has come.
Last date for renewal is 31st May
The last date to renew both these schemes of the government on an annual basis is May 31. If you do not have balance in your account and both these plans have not been renewed, then you may not get insurance of Rs 4 lakh. Let us know about these schemes and their eligibility…
Prime Minister Jeevan Jyoti Insurance
Under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), coverage is given for death due to any reason. Those between the age of 18 to 50 years can join this scheme. Joining before the age of 50 and paying the premium will cover the risk of your life till the age of 55 years.
Auto debit will be premium
Under this scheme of the government, you can get a life insurance cover of Rs 2 lakh on an annual payment of Rs 330 per year. You can register it by visiting the bank branch / BC point or post office. The premium in the plan is auto debited from your account.
Prime Minister’s Suraksha Bima Yojana
Under the Pradhan Mantri Suraksha Bima Yojana (PMSBY), coverage is given for death or disability due to an accident. You can join this scheme from the age of 18 to 70 years. Under this, there is a provision of Rs 2 lakh in case of accidental death and Rs 1 lakh in case of partial disability. The annual premium of this plan is Rs 12. In this way, the total premium of both is Rs 242.
