Terms of the offer
The main goal of the PMJJBY is to insure low-income Indians by offering them affordable life insurance. A yearly premium of only ₹436 entitles policyholders to insurance for their families. PMJJBY is a pure term insurance policy, which covers only mortality with no investment component. The pricing is also accordingly low when compared to other life insurance policies where maturity benefits, surrender value etc. are available. premium which means Radha is now eligible for ₹2 lakh as life insur. nce compensation. It gave her hope to stand again, live again and start her life fresh. Radha’s story isn’t an exception — it’s part of a quiet fin. Pradhan Mantri Jeevan Jyoti Bima Yojana ( PMJJBY ) is a life insurance scheme in India backed by the Government. It was announced in the 2015 budget. The life insurance scheme is valid for one year and is renewable from year to year, offering coverage in case of sudden death. It provides a cover of Rs.2 lakh on the sudden demise of a policyholder for a nominal premium of Rs.330 per annum. This scheme is purely an insurance scheme, and there is no investment component involved. The scheme is ...
