(PMJJBY – SCHEME 2 - FOR LIFE INSURANCE COVER) |
Eligibility: Available to people in the age group of 18 to 50 and having a bank account. People who join the scheme before completing 50 years can, however, continue to have the risk of life cover up to the age of 55 years subject to payment of premium.
Premium: Rs.330 per annum. It will be auto-debited in one instalment.
Payment Mode: The payment of premium will be directly auto-debited by the bank from the subscribers account.
Risk Coverage: Rs.2 Lakh in case of death for any reason.
Terms of Risk Coverage: A person has to opt for the scheme every year. He can also prefer to give a long-term option of continuing, in which case his account will be auto-debited every year by the bank.
Who will implement this Scheme?: The scheme will be offered by Life Insurance Corporation and all other life insurers who are willing to join the scheme and tie-up with banks for this purpose.
Government Contribution:
(i) Various other Ministries can co-contribute premium for various categories of their beneficiaries out of their budget or out of Public Welfare Fund created in this budget out of unclaimed money. This will be decided separately during the year.
(ii) Common Publicity Expenditure will be borne by Government.
|
Read,Write & Revise.Minimum reading & maximum learning
2 March 2015
Highlights of The Pradhan Mantri Jeevan Jyoti Bima Yojana
Subscribe to:
Post Comments (Atom)
Featured post
UKPCS2012 FINAL RESULT SAMVEG IAS DEHRADUN
Heartfelt congratulations to all my dear student .this was outstanding performance .this was possible due to ...

-
Long Term Ecological Observatories for Climate Change Long Term Ecological Observatories (LTEO) for Climate Change Studies are one of ...
-
In this regard, state government has granted no-objection certificates (NOC) for open field trials of 5 genetically modified (GM) crops....
-
The budget and higher education Increase in enrolment calls for improvement of the quality of education, which is in a dismal state ...
-
How to improve education There is no substitute to good teacher preparation; unless teachers are well prepared, their capacity to perfor...
-
India's Performance in Research is Impressive in Recent Years Says Minister for Science & Technology and Earth Sciences Dr. Harsh ...
-
Analysis of Essay paper(2015 IAS mains) This time UPSC orientation is more Philosophical than last year.Except two direc...
-
The Companies Act 2013 requires large (above a specified threshold level) firms to spend 2% of their net profits on corporate social re...
-
14th #FinanceCommission (FFC) Report Tabled in Parliament; FFC Recommends by Majority Decision that the States’ Share in the Net Proceeds ...
-
Narendra Modi’s Israel visit: The view from Arab palaces That no Arab state has voiced displeasure to the announcement of Narendra Modi’...
-
Survey of Sand Areas Rich in Thorium Atomic Minerals Directorate (AMD), a constituent unit of Department of Atomic Energy (DAE), has s...
No comments:
Post a Comment