Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

KEY POINTS

• Age Limit:
  Minimum 18 years and maximum 50 years and have bank account are eligible for the scheme
  If the account is opened before attaining the age of 50 years, the life cover would remain intact up to the age of 55 years, if premium is paid regularly.
• Premium :
  Rs.330 per year i.e. less than Rs.1 per day.
• Risk coverage :
  Rs.2 Lakh in case of death for any reason
• The premium paid will be tax-free under section 80C and also the proceeds amount will get tax-exemption u/s 10(10D).

AIM

• It is a low premium insurance scheme which will link with the Pradhan Mantri Jhan Dhan Yojna.

Do you want to know details of more Central government schemes then Click here

Subscribe(must and should verify) & Follow to get more Updates via E-mail