They informed her that her husband had been enrolled in the Pradhan Mantri Jeevan Jyoti Bima Yojana ( PMJJBY ). He had paid ₹330 as an annual premium which means Radha is now eligible for ₹2 lakh as life insurance compensation. It gave her hope to stand again, live again and start her life fresh. 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. Digital India Corporation(DIC)Ministry of Electronics & IT (MeitY)Government of India® Beneficiaries will receive a sum of ₹ 2 lakhs. No maturity benefit or surrender benefit is available with this policy. Pay a premium of ₹ 436 per annum per member - deducted automatically from savings bank account, with facility for auto-debit instructions.
