✅PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojna) :-
♦️Launch 9 May 2015 From Kolkata By PM Modi.
♦️Administered by LIC.
♦️Aim - To enhance the penetration of insurance in country and provide social security to the under-privileged section.
🔻Age group 18-50
🔻Should have saving bank account (Auto Debit)
🔻Premium- 436 (previous was 330)
🔻Risk Cover - 2 Lakhs (any reason) to nominee.
🔹Key Features :-
🔻Coverage of 1 years , Renew the policy every year till the age of 55 years
🔻Cover period from 1st June to 31s May(next year)
🔻Risk Cover is applicable after the 15 days of enrollment.