PMJJBY-PMSBY | Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) - Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Keep Rs 342 in bank account to avail PMJJBY-PMSBY PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) and PMSBY (Pradhan Mantri Suraksha Bima Yojana) are two social security insurance schemes launched by the Government of India to provide financial security to individuals in case of accidental death or disability and to offer life insurance coverage at a nominal premium. Here are the details of both schemes: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): 1. Objective: PMJJBY provides life insurance coverage to the insured in case of death due to any reason. 2. Eligibility: Indian residents between the ages of 18 and 50 years are eligible to enroll in PMJJBY. The coverage is provided up to the age of 55 years, and the insurance cover is applicable for one year at a time. 3. Premium: The annual premium for PMJJBY is low, making it affordable for people in various income groups. 4. Sum Assured: In case of the insured's death due to any reason, a sum of ₹2,00,000 (two lakh rupees...