The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme in India, launched by the Prime Minister of India. The scheme is designed to provide affordable life insurance coverage to people in India, particularly those in the economically weaker sections of society. Here are some key features and details of PMJJBY: 1. Eligibility : Any Indian citizen between the ages of 18 to 50 years can enroll in PMJJBY. 2. Enrollment : To enroll in the scheme, individuals need to have a savings bank account and provide their consent for auto-debit of the premium from their bank account on an annual basis. 3. Premium: The premium for PMJJBY is very affordable, making it accessible to a wide range of people. The premium is typically around Rs. 436 per year, and it is deducted automatically from the subscriber's bank account. 4. Coverage : PMJJBY provides life insurance coverage of Rs. 2 lakh in case of the insured person's death due to any reason. This m...
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