Bank of Baroda Government Schemes: If you invest money on these two government schemes of BOB, then you will get a benefit of up to Rs 4 lakh. Let’s know the details.Â
New Delhi: Bank of baroda Government PMSBY PMJJBY Schemes PMSBY: After the Corona period, the importance of insurance in the instability of life is now being understood by the people. That is why people are now paying more attention to insurance plans than before.
The government is also providing insurance facility for very less money to reach every section of the society. In this sequence, there are government schemes, Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), which is giving you a cover of up to Rs 4 lakh. So let’s know how much you will benefit from this scheme.
BOB is giving benefit of Rs 4 lakh
Bank of Baroda customers can take advantage of this scheme. To take advantage of this special scheme and Rs 4 lakh from the government, one will have to invest in these two schemes. First- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and second- Pradhan Mantri Suraksha Bima Yojana (PMSBY). A total amount of Rs 342 will have to be invested on both these schemes annually. This means you have to deposit Rs 28 for the month.
SBI customers will get benefits
Apart from this, SBI customers can also take advantage of this scheme. State Bank of India (SBI), the country’s largest public sector bank, has given information about these two schemes by tweeting on its Twitter handle. SBI has told in this tweet, ‘Insure according to your need and live a worry-free life. Premium will be deducted from savings bank account account holders through auto debit facility. The person will be eligible to join the scheme through only one savings bank account.
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Let us tell you that under the Pradhan Mantri Suraksha Bima Yojana, in case of death of the insured in an accident or completely disabled, a compensation of Rs 2 lakh is available. Under this scheme, if the insured becomes partially or permanently disabled, then he gets a cover of Rs 1 lakh. In this, any person between the age of 18 to 70 years can take cover. The annual premium of this plan is also only Rs 12.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
It is worth noting that under the Pradhan Mantri Jeevan Jyoti Bima Yojana, the nominee gets Rs 2 lakh on the death of the insured. Any person from 18 to 50 years can take the benefit of this scheme. For this scheme also you have to pay only Rs 330 annual premium. Let us tell you that both these are term insurance policies. This insurance is for a year.
