Talking about the insurance premium, the insurance company charges only Rs 289 for the Prime Minister’s Life Insurance Scheme.
In case of death somehow, you will get 2 lakh insurance benefits.
Death from corona is also covered under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY Scheme). If someone dies due to corona, then his family will get a compensation of 2 lakhs under this scheme. PMJJBY Yojana was started for the poor people of the country. Under this, the nominee will get the benefit of insurance in case of death of the insured in any way.
This scheme was launched by PM Modi on 9 May 2015 with a view to insuring the poor people of the country. Under this, an insurance claim of 2 lakh is available. If someone has enrolled for this insurance in the financial year 2020-21, then his death is insured in the financial year 2021-22. This scheme was launched by Prime Minister Narendra Modi in 2015.
18-55 age range
If you look at the terms and conditions of this scheme, then the life of the insured person can be at least 18 years and maximum 55 years. The deadline of this scheme runs from 1 June to 31 May. If you deposit insurance premium for this scheme till 31 May, then you will remain insured from 1 June 2021 to 31 May 2022. In such a situation, if you want to be insured by next year, then by May 31, get the old scheme updated and pay the premium.
330 rupees premium
Talking about the insurance premium, the insurance company charges Rs 289 for the Prime Minister’s Life Insurance Scheme. Your bank charges 30 rupees and an administrative charge of 11 rupees. Overall this amount is 330 rupees. Under this scheme, insurance benefits will not be available within 45 days of enrollment.
This is how you will get cover
If an insured dies, the nominee will have to contact the bank where the insured had an account and deposited the premium. Have to take death certificate together. He will also get a claim form and discharge certificate from the bank. The nominee will have to fill and submit all these forms. Apart from this, the information about the nominee bank account will have to be shared. This work can be done with the help of cancel check. The bank will check all your documents and will increase it for further processing. For specific information (https://jansuraksha.gov.in/) can be contacted on this website.
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