Pmjjby premium: PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana)

PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is an annual renewal life insurance scheme providing ₹2,00,000 coverage for the policyholder's demise. The premium is just ₹330 per year, making it highly affordable. It aims to extend life insurance benefits to the masses, particularly the underprivileged and the economically weaker sections, ensuring financial security for families in unforeseen circumstances. In this article, we'll explore the different aspects of the PMJJBY scheme. 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. Digital India Corporation(DIC)Ministry of Electronics & IT (MeitY)Government of India®