Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a life insurance scheme launched by the Government of India in 2015. It provides a life cover of Rs. 2 lakh to all the members who enrol in the scheme. The primary objective of the scheme is to provide insurance coverage to those who cannot afford it.
Benefits of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
The Pradhan Mantri Jeevan Jyoti Bima Yojana is a beneficial scheme for the citizens of India. It offers a wide range of benefits to its members, some of which are:
1. It provides a life cover of Rs. 2 lakh to all members.
2. It is a hassle-free and affordable life insurance scheme.
3. No medical tests are required to avail of the benefits of the scheme.
4. The premium for the scheme is very low and is automatically deducted from the member's bank account.
5. The scheme is open to all citizens of India, regardless of their income level.
6. It offers a free accidental death cover of Rs. 2 lakh to all the members.
7. The policy can be renewed on a yearly basis.
8. The scheme provides tax benefits under Section 80C of the Income Tax Act.
9. The claim process for the scheme is simple and hassle-free.
The Pradhan Mantri Jeevan Jyoti Bima Yojana is a great initiative taken by the Government of India to provide financial security to its citizens. There are many benefits PMJJBY for people who cannot afford to buy life insurance. It is a simple and hassle-free way to get life insurance for Rs. 2 lakh at a very low premium. This scheme is a great way to ensure financial security for oneself and one's family. The Pradhan Mantri Jeevan Jyoti Bima Yojana is a great initiative taken by the Government of India to provide financial security to its citizens. The scheme offers a life cover of Rs. 2 lakh and a free accidental death cover of Rs. 2 lakh to its members. It