The PMJJBY scheme also covers deaths due to corona. However, the policy holder should be between 18-50 years of age.
This scheme runs from 1 June to 31 May every year.
If someone has died due to corona, then you will get 2 lakh rupees of insurance from the bank. However, for this, it is necessary to be registered under the Prime Minister Jeevan Jyoti Bima Yojana (Pradhan Mantri Jeevan Jyoti Bima Yojana). This scheme was launched by PM Modi on May 9, 2015, with a view to insuring the poor people of the country. Under this, an insurance claim of 2 lakh is available.
The PMJJBY scheme also covers deaths due to corona. However, the policy holder should be between 18-50 years of age. If someone you know has died due to corona and if they bought this insurance policy in the financial year 2020-21, then the nominee will easily get 2 lakh rupees. This scheme runs from 1 June to 31 May every year.
This is a term insurance plan
This is a term insurance plan with a premium of Rs 330 annually. Anyone aged 18–50 years can buy it and it gives a coverage of 2 lakh rupees. If your family has died and they had invested in this scheme, then a claim will have to be made within a month. Insurance can be availed only after 45 days of scheme enrollment.
Terms and Conditions
> A person can associate with PMJJBY only with an insurance company and a bank account.
>> Individuals who skip the scheme can join it again by paying annual premium and depositing self declaration of good health.
>> To get the claim of PMJJBY, the nominee / successor of the insured must contact the bank branch where the insured has an account. For obtaining the claim, the death certificate of the insured and a claim form will have to be submitted. After the process is completed, the claim amount will be transferred to the nominee’s bank account.
>> The insurance will end automatically after the insured person is 55 years old.
>> This is a pure term insurance policy, so it covers only death.
>> There is also no maturity benefit, surrender value etc.
Also read, India’s most advanced tractor launched with no clutch and gear, 50% less fuel, fuel will be surprised
Also read, people’s jobs will not go to Corona crisis, many big companies are taking out bumper recruitments