Learn more about the exclusive Pradhan Mantri Jeevan Jyoti Bima Yojana Scheme.
Government of India has announced a scheme "Pradhan Mantri Jeevan Jyoti Bima Yojana" in order to facilitate life insurance cover to all the masses of India even affordable to economically weaker society.
The insurance cover is available under a One Year Renewable Term Insurance Plan of Life Insurance Corporation of India [LIC],. This scheme provides the value addition of life insurance for all Savings deposit account holders, who can now avail of life insurance cover through their account.
The scheme provides insurance cover to all savings account holders in the age group of 18 - 50 years. After enrollment, coverage will be available up to 55 years of age for existing members.