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. 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. 3) In case a member is covered under PMJJBY with LIC of India / other insurer through more than one account and premium is received by LIC / other company inadvertently, insurance cover will be restricted to Rs. 2 lakh and the premium paid for duplicate insurance(s) shall be liable to be forfeited. Important Information Union Bank of India announces migration of Corporate Website to new URL https://unionbankofindia.bank.in/en/details/pradhan-mantri-jeevan-jyoti ...
