PMJJBY Scheme: The corona virus epidemic has created chaos all over the world. There is no guarantee of life in this period of corona. Financial security is very important.
In such a situation, everyone thinks of taking an insurance plan. If you are also planning to take an insurance plan, then you can take advantage of the Pradhan Mantri Jeevan Jyoti Bima Yojana. The Modi government started it on 9 May 2015.
Know what is the Prime Minister’s Life Jyoti Insurance Scheme
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a one-year life insurance plan. It can be renewed every year. The nominee gets the benefit of this scheme only after death. Overall, it is a pure term insurance plan.
Cover up to Rs 2 lakh
Under this scheme, if someone dies after investing, then a cover of up to Rs 2 lakh is available. If the death is due to corona virus, you can claim Rs 2 lakh. But this is possible only if the policy is purchased in the year 2020-21, only then the nominee can claim it.
Who can take advantage
The minimum age to take a term plan under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is 18 years and the maximum age is 50 years. Any citizen of the country can avail the benefits of this scheme.
Apply like this
If you also want to take advantage of this scheme, then you have to apply by filling a form in the bank. Apart from this, you can also apply online. Then the money will be deducted from your account. The coverage period of PMSBY is from 1 June to 31 May. To join this scheme, account holders must give consent for auto debit.
In this scheme, accident insurance of Rs 2 lakh is provided in case of death or total disability of the insured in an accident. In case of permanent partial disability, a cover of Rs 1 lakh is provided.
How to claim
To claim the insurance amount, the nominee or the concerned person will first have to go to the bank or insurance company from where the policy was purchased.
Here a form will be found, which the nominee will have to fill and submit. In this, all the information like name, address and phone number will have to be given.
After this, after checking all the documents, the insurance company will deposit the claim amount in the mentioned account and in this way the claim settlement process will be completed.