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PM Jeevan Jyoti Bima Yojana: Who is eligible for benefits? Check every detail regarding eligibility, required documents, and premiums here.

PM Jeevan Jyoti Bima Yojana: The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-sponsored life insurance scheme that provides an insurance cover of ₹2 lakh in the event of death due to any cause. Its annual premium is ₹436. Individuals aged between 18 and 50 years can enroll through their bank or post office accounts. Upon the death of the insured, the nominee receives the benefit amount directly. The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an affordable life insurance scheme that offers an insurance cover of ₹2 lakh in the event of death from any cause. The annual premium for this scheme is just ₹436, which is auto-debited from the subscriber's bank or post office account. Launched in 2015, the primary objective of this scheme is to provide life insurance protection, particularly to individuals belonging to low-income groups. As of March 2025, over 23.36 crore people have enrolled in the scheme, and claim amounts totalling ₹18,102.78 crore have been d...
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Here is also the facility to buy life insurance policy post office PLI, understand important things

Here is also the facility to buy life insurance policy post office PLI, understand important things

 


India Post also provides post office life insurance policy. If you want to buy a life insurance policy, then you can do this work from the post office as well. This policy has a postal life insurance policy. It is a life insurance policy of the Government of India. This is the oldest insurance policy in Indian history. It was started on February 1, 1884, under the name of Postal Life Insurance (PLI). Here we give some PLI scheme details.

 

Postal Life Insurance (PLI)

 

Under the Postal Life Insurance Scheme of India Post, there is a provision of sum assured up to a maximum of Rs 50 lakhs. According to the information available on the website of India Post, people up to 55 years of age can buy this PLI Life Insurance. If the PLI Life Insurance holder chooses not to change the policy for six years, then your policy will be considered for the whole life insurance in post office. If you want on this PLI Life Insurance, you can also take a loan if needed. If the policyholder wishes, the Life Insurance policy post office can be surrendered after three years. In this, you also get the facility to change the nominee. If the policyholder takes a loan on the policy before five years or surrenders the policy, he does not get the benefit of the bonus.

 

Policy lap time

 

If the policyholder is not able to pay the premium for six consecutive times, then this PLI Life Insurance goes into the category of lapses. It is for a period of fewer than three years. Similarly, if the policy is active for more than three years and does not deposit the premium 12 times, then it is considered laps.

 

Income tax exemption

 

One can get exemption under section 88 in the Indian Income Tax Act in postal life insurance. According to information available on an Indian Post website http://www.postallifeinsurance.gov.in/, the Post Office LIC plan can be transferred to any circle in the country.

 

Postal Life Insurance Premium Payment

 

Premiums for this life insurance policy of India Post can also be paid on an annual, half-yearly or monthly basis. The premium can be deposited on any working day. Now, PLI Life Insurance and rural post office life insurance customers can pay their premiums Indian postal online through debit/credit card, net banking, wallet and UPI. And you can check PLI status online.

 

There are seven types of PLI scheme

 

There are many PLI scheme in Postal Life Insurance. It has schemes related to

-Suraksha,

-Sumangal,

-Santosh Postal Life Insurance,

-Suvidha,

-Yugal Suraksha Policy,

-PLI Child Plan and the

- Postal life insurance for Physically handicapped.

Let me tell you the main thing, the Government of India also gives a guarantee in this policy.


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