Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an insurance scheme initiated by the government that offers life insurance cover to savings bank account holders aged 18 to 50 years and pays a lump sum of Rs 2 lakh on death.<\/p>\n\n\n\n
Objective of the Scheme:<\/strong> This scheme provides financial assistance to the family in case of death.\u00a0\u00a0\u00a0<\/p>\n\n\n\n Eligibility:<\/strong> All savings bank account holders between 18 to 50 years of age.<\/p>\n\n\n\n Cover:<\/strong> Life insurance\u00a0coverage\u00a0of Rs 2 lakh.<\/p>\n\n\n\n Premium: <\/strong>The\u00a0premium\u00a0of\u00a0Rs 436\u00a0is\u00a0paid every year,\u00a0deducted from the savings account\u00a0by\u00a0auto-debit.<\/p>\n\n\n\n \u00a0Benefit: How to join: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an insurance scheme initiated by the government that offers life insurance cover to savings bank account holders aged 18 to 50 years and pays a lump sum of Rs 2 lakh on death. Objective of the Scheme: This scheme provides financial assistance to the family in case […]<\/p>\n","protected":false},"author":419,"featured_media":172030,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5369],"tags":[],"class_list":["post-172029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-awareness"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/172029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=172029"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/172029\/revisions"}],"predecessor-version":[{"id":172031,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/172029\/revisions\/172031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/172030"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=172029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=172029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=172029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/strong>\u2022 Payment of Rs 2 lakh\u00a0in\u00a0case of\u00a0death.
\u2022\u00a0No medical examination\u00a0is required\u00a0to\u00a0enter\u00a0the scheme.
\u2022 The scheme is\u00a0simple\u00a0to join and can be renewed\u00a0annually.<\/p>\n\n\n\n
<\/strong>\u2022 By\u00a0going\u00a0to\u00a0your bank branch or\u00a0online\u00a0application.
\u2022\u00a0You\u00a0must\u00a0have a savings bank account\u00a0in order to join the scheme.
\u2022 You\u00a0may\u00a0also\u00a0avail\u00a0details\u00a0on Bank of Baroda website .
Additional Information:
\u2022The scheme was\u00a0introduced\u00a0on May 9, 2015.
\u2022For\u00a0further\u00a0details, you\u00a0may\u00a0visit Jan-Dhan Se Jan Suraksha website.
\u2022Or\u00a0you can call toll free number 18001801111.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"