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New Delhi: Airtel Payments Bank and Bharti AXA Life Insurance on Thursday announced a pact to offer Pradhan Mantri jeevan jyoti bima yojana (PMJJBY), leveraging the payments bank’s network in rural.
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KOLKATA: Bharti AXA Life Insurance and Airtel Payments Bank have teamed up to offer the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a government-backed life insurance scheme aimed at increasing.
The PMJJBY scheme is a life cover for an annual premium of Rs 330 and is available to people in the age group of 18 to 50 years having a bank account. pradhan mantri jeevan Jyoti Bima Yojana (PMJJBY ).
Rules, Terms and Conditions for the PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA (PMJJBY) Details of the scheme: The scheme will be a one year cover, renewable from year to year, Insurance Scheme offering life insurance cover for death due to any reason.
This is a non-linked, non-participating, one year renewable term insurance product. This product has been designed to meet the life insurance coverage requirements under the provisions of "Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)" scheme launched by Government of India.
Premium for Jeevan Jyoti Bima Yojana. The premium for Pradhan Mantri Jeevan Jyoti Bima Yojana is Rs 330 per year to be auto-debited from the subscriber’s saving account once in a year. This money can be debited before or on 30th of May within the provided fiscal year.
Eligibility:Rs. 330 per annum. It will be auto-debited in one instalment. Payment Mode: Rs. 2 Lakh in case of death for any reason. Terms of Risk Coverage: The scheme will be offered by Life Insurance.
Pradhan Mantri Jeevan Jyoti Bima Yojna is a life insurance scheme that provides a life cover of Rs.2 lakh at Rs.330/year. Invest and Secure your family’s future with SBI Life. Pradhan mantri jeevan jyoti bima yojna (pmjjby)
The other two schemes launched along with PMSBY are Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Atal Pension Yojana (APY). Pradhan Mantri Suraksha Bima Yojana aims at covering the.
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Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed Life insurance scheme in India. It was originally mentioned in the 2015 Budget speech by Finance Minister Arun Jaitley in February 2015. It was formally launched by Prime Minister Narendra Modi on 9 May in Kolkata.
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