Pradhan Mantri Jeevan Jyoti Bima Yojana
In 2015, the Central Government initiated the Pradhan Mantri Jeevan Jyoti Bima Yojana to provide insurance coverage for individuals aged 18 to 50.
For a nominal annual premium of just Rs 436, beneficiaries can secure insurance coverage of up to Rs 2 lakh.
In the unfortunate event of the insured person’s demise, their dependents receive a Rs 2 lakh insurance payout. This coverage spans from June 1 to May 31 each year.
Pradhan Mantri Suraksha Bima Yojana
Another initiative by the Central Government in 2015, the Pradhan Mantri Suraksha Bima Yojana, extends coverage to individuals aged 18 to 70.
This scheme offers accidental death or total disability insurance of Rs 2 lakh and partial disability insurance of Rs 1 lakh.
The annual premium for this comprehensive coverage is only Rs 20. Applying is easy – visit your bank to enroll.
The auto debit feature for premium payment is also available for added convenience. Just like its counterpart, the coverage period is from June 1 to May 31 annually.
