Pradhan Mantri Jeevan Jyoti Vima Yojana and Pradhan Mantri Suraksha Vima Yojana

You are searching Pradhan Mantri Jeevan Jyoti Vima Yojana and Pradhan Mantri Suraksha Vima Yojana in Gujarat? Here we provide to all Gujarat citizens of Information About Pradhan Mantri Jeevan Jyoti Vima Yojana and Pradhan Mantri Suraksha Vima Yojana. 

From time to time the government announces schemes aimed at providing relief to the common man.

1. Pradhan Mantri Jeevan Jyoti Vima Yojana

The announcement was made by Prime Minister Narendra Modi on May 9, 2015. On this day, Prime Minister Modi also launched two other schemes. Pradhan Mantri Suraksha Vima Yojana and Atal Pension Yojana. So let us know about Pradhan Mantri Jeevan Jyoti Vima Yojana.

Pradhan Mantri Jeevan Jyoti Vima Yojana

The scheme provides life insurance to a person up to Rs 2 lakh. If the person has taken insurance in his name, his family will get Rs 2 lakh after his death. According to the State Bank of India’s website, this is a non-linked, non-participating, one-year renewable group term insurance plan that offers protection at a reasonable price. The procedure can be performed immediately, without the need for a medical examination.

The minimum age for taking out this insurance is 18 years and the maximum age is 50 years and the maximum maturity age is 55 years. According to the policy of PMJJBY, its period is one year and it has an assured amount of Rs. 2 lakhs. For that you have to pay a premium of Rs 330.

If we talk about the benefits of this scheme, if the insured dies during the period of benefits you get, you will get Rs 2 lakh. Death benefit does not exceed Rs. 2 lakhs, even if the insured has more than one bank account or why it is not covered through multiple insurers. In such a case you have to claim for the application first and then you will get the amount.

Anyone can opt for these plans for a year or more. In case of long term option, the bank will debit the amount of premium from your account every year. You can download the scheme form by going to http://www.jansuraksha.gov.in/FORMS-PMJJBY.aspx and get more information about it.

2. Pradhan Mantri Suraksha Vima Yojana

Pradhan Mantri Suraksha Vima Yojana (PMSBY) was launched by the government in the year 2015. It is an accident insurance scheme. Under it, people have to pay a premium of only Rs 12 per annum to get insurance.

Pradhan Mantri Suraksha Vima Yojana

The scheme was started keeping in view the economically weaker families. In case of accidental death of the person taking out accident insurance under the scheme, the sum insured of the insured person goes to the heir or his family.

In case of death of the policyholder in a road accident or other accident, the family or heir is paid Rs. 2 lakhs. Of course, if the policyholder is partially disabled in an accident, he is paid Rs one lakh.

 

Updated: April 18, 2021 — 8:16 am

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