PM insurance schemes

PM insurance schemes: To Help People in Medical Emergencies

What are PM insurance schemes?

PM insurance schemes are Pradhan Mantri Jeevan Jyoti Bima Yojana which is a government issued Life insurance scheme in India. It was at first mentioned in the 2015 Budget by Finance Minister Arun Jaitley. Prime Minister Narendra Modi officially launched it in Kolkata. In India only 20% people of Indian population has insurance. This scheme thus aims to increase the number.

Who can avail this PM insurance schemes

Who can avail this PM insurance schemes?

PM insurance schemes such as Pradhan Mantri Jeevan Jyoti Bima Yojana (OMJJBY) are available to people between ages 18-50 who have a bank account. He or she has to be a citizen of India. Must have both pan card and aadhar card.

Premium details

In the PM insurance schemes, one will have to pay only INR 330 per annum. Most importantly this scheme is GST exempted. To get this facility you will have to apply first. Once you avail the insurance then the bank will debit the amount every year automatically. On insured person death the nominee will get INR 2 lakh.

There are many more schemes available in India. These are:

National Pension Scheme: style=”font-weight: 400;”> it is a government contribution based on the pension system.

These insurances don’t pay for suicide or attempt to suicide, intentional self-injury, Excessive amount of intoxication liquor or drugs intake etc. For more details, please refer the Master Policy wordings.

Keep yourself updated with these PM insurance schemes to avail maximum profit.

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