Millions of people in the country are ensuring financial security for themselves and their families by joining the Pradhan Mantri Jeevan Jyoti Bima Yojana. For a long time, people have been wanting a scheme where more protection can be provided at a minimum premium.

Pradhan Mantri Jeevan Jyoti Bima Yojana has fulfilled this need. Now even low-income families can take advantage of life insurance and provide financial support to their families in case of emergencies.

In this scheme, you get annual life insurance cover which has to be renewed every year. By depositing a premium of just Rs. 436, you get an annual insurance cover of Rs. 2 lakh. This is a very affordable way to protect your family from emergencies.

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More Details and Application Process

This scheme offers big protection with a small investment, which makes it special. The age of the applicant in Pradhan Mantri Jeevan Jyoti Bima Yojana should be between 18 and 50 years. It is also important that you have a bank account. Because the premium amount is automatically debited from that account.

This scheme has been made simple and digital-friendly. So that everyone can use it without any problem. If the insured dies for any reason, then under this scheme, the nominee is given the full amount of Rs 2 lakh immediately.

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Enrolling in this scheme is easy. You can apply by visiting your nearest bank. At the time of application, you need to carry important documents like Aadhaar card, identity card, bank account passbook, mobile number and passport size photograph.