PM Jeevan Jyoti Bima Yojana is a government-backed Life insurance scheme in India launched in order to raise the life insurance coverage. PMJJBY scheme is available to people b/w 18 and 50 years of age having bank accounts. The annual premium amount is Rs. 330 which would be debited directly through the bank accounts of beneficiaries. In case of death due to any cause, the payment to the nominee under PM Jeevan Jyoti Bima Yojana would be Rs. 2 lakh. This scheme is also going to be linked to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana scheme having zero balance initially.
|Launch Date||9 May 2015|
|Beneficiaries||People b/w 18 to 50 years of age having bank accounts|