Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Life Cover offered by Life Insurance Corporation of India exclusively for Savings Bank Customers.
The Govt. of India, as a part of its Social Security Measures, has announced Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) offering Pure Life Insurance cover of Rs.2,00,000/- at a very nominal annual premium to all Savings Bank account holders aged between 18 and 50 years. Policy year has been divided into 4 quarters and the premium payable by the insured is explained below.
- June, July & August-Annual premium of Rs. 330/- is payable.
- Sept, Oct & Nov-Premium of Rs. 258/- is payable.
- Dec, Jan & Feb – Premium of Rs 172/- is payable.
- ar, April & May- One Quarter premium of Rs. 86/- is payable