10 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana | 5 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana | Few Important Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in English

10 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana | 5 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana | Few Important Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in English

 

10 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana/ 5 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana/ Few Important Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in English: Students in various classes are looking for 10 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in english. Here in this article we will provide 10 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana, 5 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana and Few Important Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in English. These 10 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana are important If you have been given an assignment from school to write 10 lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in English or 5 lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in English then you can refer to the points given in the below article.

10 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana Details

We are providing below 10 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in English. These 10 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana have been written in simple language, yet emphasis has been made to elaborate on every aspect of the Pradhan Mantri Jeevan Jyoti Bima Yojana.

Topic	Pradhan Mantri Jeevan Jyoti Bima Yojana
Material	10 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana /5 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana/Few Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana
Language	English
For	Students of any Class 1-12
Format	Text
Provider	Teacher Text

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1. Visit our website Teacher Text.
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10 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in English

Students of any class who are looking for 10 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in english can refer to the 10 lines about Pradhan Mantri Jeevan Jyoti Bima Yojana in below points:

1. Pradhan Mantri Jeevan Jyoti Beema Yojana is a scheme launched by the Government of India.
2. It was launched on 9 May 2015 by the Prime Minister Narendra Modi.
3. The objective of the scheme is to provide life insurance to the people of India.
4. The citizens between the age of 18 and 50 can enroll in the benefit of this scheme.
5. The scheme provides cover from the accidental death.
6. Only a bank account holder can avail of the benefit of the scheme.
7. For enrolling the scheme, the bank account holder would have to pay a sum of Rs. 330 per month.
8. Those people who don’t have a bank account can’t avail the scheme.
9. The beneficiary can have the scheme in his/her saving bank account only.
10. Till now, the scheme has covered around 6 crore people in India.

5 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in English

Students of any class who are looking for 5 Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in english can refer to the 10 lines about Pradhan Mantri Jeevan Jyoti Bima Yojana in below points:

1. The Pradhan Mantri Jeevan Jyoti Beema Yojana is abbreviated as PMJJBY.
2. It was proposed by then Union Finance Minister Arun Jaitley.
3. The scheme was issued through the banks of India.
4. A person can easily exit from the scheme anytime and also can easily re-enter.
5. On the death of the scheme holder, his family members will get a sum of Rs. 2 lakh.

Few Important Lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in English

Also, these are a few important lines on Pradhan Mantri Jeevan Jyoti Bima Yojana in English if any students require them.

1. The premium deducts from the account of the holder itself.
2. Only the people who are not suffering from any chronic disease can avail this scheme.
3. A person with multiple bank accounts can have this scheme through his only one bank account.
4. The premium will be deducted from the account of the beneficiary before or on 31st May of every year.
5. Under this scheme, the insurance companies are bound to release the amount within one month of receipt of the bank released.

More Details about Pradhan Mantri Jeevan Jyoti Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana (Prime Minister Jeevan Jyoti Insurance Scheme) is a Government-backed Life insurance scheme in India. It was originally mentioned in the year 2015 Budget speech by the then-Finance Minister, late Arun Jaitley in February 2015. It was formally launched by Prime Minister Narendra Modi on 9 May in Kolkata. As of May 2015, only 20% of India's population has any kind of insurance, this scheme aims to increase the number.

Pradhan Mantri Jeevan Jyoti Bima Yojana is available to people between 18 and 50 years of age with bank accounts. It has an annual premium of ₹436 (US$5.50). The GST is exempted on Pradhan Mantri Jeevan Jyoti Bima Yojana. The amount will be automatically debited from the account on or before 31 May every year. Period for which insurance covered is 12 months i.e, from 1 June till 31 May. Those who register for auto debit facility will have auto renewal up to 55 years. However, a person over age 50 cannot register to this scheme. There is no need for a person to submit health report or certificate while joining to this scheme. In case of death due to any cause, the payment to the nominee will be ₹2 lakh (US$2,500). In order to avail of the benefits offered by the Pradhan Mantri Jeevan Jyoti Bima Yojana policy, it is mandatory to link your Aadhaar Card to the participatory bank account.

This scheme will be linked also to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana scheme. Most of these account had zero balance initially. The Government aims to reduce the number of such zero balance accounts by using this and related schemes.

Now all bank account holders can avail this facility through their net-banking service facility or filling a form at the bank branch at any time of the year.

The premium is deducted automatically from the insured's bank account. Insured's family members will receive a sum insured of ₹2 lakh after insured's death.

 

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