Prime Minister Jyoti Jyoti Bima Yojana information

Prime Minister Jyoti Jyoti Bima Yojna

The Government of India started the Pradhan Mantri Jyoti Jyoti Bima Yojanai for the people of low income, in this post, what is the Prime Minister Jeevan Jyoti Bima Yojana? Who can take such a proposal? How can you apply for this (How to Apply for the Global Insurance Scheme)? What benefits will you get in this?

Government of India has launched a new life insurance scheme, Pradhan Mantri Jeevan Jyoti Bima Yojana for the development of the poor and low income group of the society. As a net term insurance plan, the Prime Minister Jyoti Jyoti Bima Yojana is available for people aged 18 to 50 years.

Pradhan Mantri Jyoti Jyoti Bima Yojana is a renewal term insurance policy, which provides life insurance coverage annually, which has been insured, in the case of the death of that person, The premium rate is Rs. 2,00,000, the premium rate is the most economical in the insurance policy. For that, you have to pay only 330 rupees. It has been for every year. In the new year, you will have to pay 330 rupees again.

Features of the Prime Minister''s Life Insurance Plan -

1. Policy provides life coverage for 1 year.
2. The insurer can renew the policy every year.
3. According to its preference, the insurer can exit this plan at any time and may be able to re-join the future.
4. This policy provides a maximum sum insured of Rs. 2,00,000.
5. Compared to other term insurance policies, the plan offers very low premium rates per year at Rs 330.
6.The premium rate is equal to all age groups of 18 to 50 years. The claim settlement process provided by the policy is very simple and customer-friendly

Benefits Offered by Pradhan Mantri Jeevan Jyoti Bima Yojana -- 
1. Death Benefit - In the case of the death of the insured, PMJSEBY provides coverage of death of Rs. 2,00,000 to the beneficiary of the policy.

2. Maturity Benefit - Since it is a pure term insurance plan, PMJSEBY does not offer any maturity or deduction benefit.

3. Tax Benefit - The premiums paid according to the policy are eligible for tax deduction under Section 80C of the Income Tax Act. If the insured fails to deposit the form 15G / 15H, then any life insurance amount will be Rs. 1,00,000 will be taxable up to 2%.

When will the Policy Be abolished ?

The policyholder will end the 55 year age of the policyholder. However, in order to keep it effective, the policyholder has to renew it from time to time. If the account holder is unable to keep the minimum balance which can be kept active in the bank account, and the account of the bank has to be withdrawn, from where the policy is taken, the insurance policy will also end. If the concerned person has more than one account and he unknowingly takes more than one insurance policy, then that premium will be seized.

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