Sarkari Bima Yojana: The central and state governments are running several government schemes to benefit the people and empower them financially. Many families in the country have low incomes. In such cases, if the head of the family dies unexpectedly, the family faces a financial crisis. To address this problem, the government has launched the PM Jeevan Jyoti Bima Yojana (PMJJBY). This scheme was launched by the central government in 2015, enabling poor and middle-class people to avail of insurance benefits.
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Main Benefits of PM Jeevan Jyoti Yojana
The Pradhan Mantri Jeevan Jyoti Bima Yojana is very beneficial for poor and needy families. Any person between the ages of 18 and 55 can apply for this scheme. A nominal annual premium of only Rs. 436 is required. This amount is automatically debited from your bank account, ensuring a hassle-free process.
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This government scheme provides you with a one-year term life cover, valid from June 1st to May 31st every year. If the insured person dies during the insurance period, their nominee receives a sum of Rs. 2 lakh. This money provides financial security for the family and helps with children’s education, household expenses, or other essential needs.
How to Apply for PM Jeevan Jyoti Yojana
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Applying for the Pradhan Mantri Jeevan Jyoti Bima Yojana is very easy. No agent or middleman is required. You can apply directly at your nearest bank branch. At the bank, you will need to fill out an application form and submit some necessary documents.
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Documents Required
Some essential documents are required to apply for the PM Jeevan Jyoti Bima Yojana. These include Aadhaar card, identity card, bank account passbook, mobile number, passport-size photograph, etc. As soon as you apply, the bank activates your insurance, and the stipulated premium is automatically deducted from your account every year. This allows middle-class families to protect their families from financial crises.