The government is also running a number of programmes for the populace. These programmes provide people with a variety of benefits. A Pradhan Mantri Jeevan Jyoti Bima Yojana is among them (PMJJY). Through this programme, people receive a lot of benefits. Also, this programme accepts direct premium payments from the bank itself. Let’s learn more about this plan.
Anyone between the ages of 18 and 50 can enrol in the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY)
insurance programme, which provides a risk coverage of Rs 2 lakh in the event of the insured’s death. The plan can be started by an individual by making a yearly premium payment of Rs. 436.
Auto-debit
Each year, this sum is deducted from the customer’s account on or before May 31. Every year, the insurance period extends from June 1 to May 31. A total of 14.96 crore people have been enrolled, and as of January 11th, 2023, 6,39,032 claims have been settled. The premium is automatically debited, under this plan.
KYC
Aadhaar cards will serve as the primary form of KYC for bank accounts. Life Insurance Corporation and all other life insurance companies are promoting this scheme. The programme can only be used in this circumstance if the relevant requirements are met.
Read More: Government’s aim about the old pension scheme, it will have an impact
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