Financial security has become extremely important for everyone’s life as life is full of uncertainties. So, precautions are must. To save family from any unpredictable incident many like to purchase a life insurance. But what is the best way to invest in a life life insurance policy?
Deposit only Rs 436
One such government insurance scheme is gaining widespread attention these days. By depositing just ₹436, you can receive insurance benefits of up to ₹2 lakh. This scheme is especially beneficial for those who want to ensure their own and their family’s safety but cannot afford high premiums. Let us provide you with complete information about this scheme. Under this scheme, you can pay a premium of just ₹436 annually to receive insurance cover of up to ₹2 lakh.
Here is the process
To qualify for the benefits, the beneficiary must be between 18 and 50 years old. In the event of the death of the insured, their family will receive a claim of up to ₹2 lakh. Applying for the PM Jeevan Jyoti Bima Yojana is very easy. First, you need to visit your bank branch. You’ll need to fill out an application form, providing your Aadhaar card, age proof, and bank account details. You’ll then need to pay an annual premium of ₹436. After this, you can have the premium deducted from your account through auto-debit.
You can pay online via net banking, UPI, or by cash/check at a branch. Upon submitting your application, the bank will provide you with a policy number, which will serve as proof of insurance and will be required for any future claims. When applying, ensure that all documents are accurate and up-to-date to avoid any issues during the claim process.
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