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Home Money Schemes

Insurance worth Rs 4 lakh will be available for Rs 342 for the year, take advantage of Modi government’s scheme

Shehnaz by Shehnaz
October 8, 2020
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  • With the objective of improving health services in the country, the Central Government is running a variety of schemes for every category.
  • In this episode, Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) were launched.
  • Under this scheme, the government is getting insurance of up to Rs 4 lakh at an expense of Rs 342 annually.

PMSBY & PMJJBY

In order to improve the health services in the country, the Central Government is running a variety of schemes for every category. The Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) were introduced in this series. Under which people are being provided insurance facility in very less money. Under this scheme, the government is getting insurance up to Rs 4 lakh at an expense of Rs 342 annually. In this plan you get insurance cover such as Accidental Death Cover, Disability Cover and Life Cover.

Pradhan Mantri Suraksha Bima Yojana

Under Pradhan Mantri Suraksha Bima Yojana, you can get Accidental and Disability cover by spending only Rs. 12. Under this scheme, compensation of Rs 2 lakh is given on death of the insured or if he is disabled. At the same time, he gets a cover of Rs 1 lakh in case of partial disability. Under this scheme, anyone from 18 to 70 years of age can take cover.

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Pradhan Mantri Jeevan Jyoti Bima Yojana

Under Prime Minister Jeevan Jyoti Bima Yojana, you will get a life insurance cover for a total of Rs 330. In this way you can get a total of 3 insurance covers by depositing a premium of Rs 342 annually. Under the Prime Minister Jeevan Jyoti Insurance Scheme, the nominee gets an insurance cover of Rs 2 lakh in case of death of the insurance holder due to any reason. Anyone from 18 to 50 years can avail this scheme. This insurance plan provides life cover up to the age of 55 years.

Post Office money doubling scheme, will get 2 lakhs instead of 1 lakh, know interest rate?

Source: www.patrika.com

#Insurance #worth #lakh #year #advantage #Modi #governments #scheme

Tags: benefits of PMJJBYFinance newsFinance news NewsFinance news News in Hindiinsurance coverinsurance cover of Rs 2 lakhlife coverPM Modi schemePMJJBYPMSBY
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Shehnaz

Shehnaz

Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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