Pmjjby premium: Beneficiaries will receive a

Beneficiaries will receive a sum of ₹ 2 lakhs. No maturity benefit or surrender benefit is available with this policy. Pay a premium of ₹ 436 per annum per member - deducted automatically from savings bank account, with facility for auto-debit instructions. PMJJBY is an Insurance Scheme offering life insurance cover for death due to any reason. It is a one-year cover, renewable from year to year. The scheme is offered / administered through LIC and other Life Insurance companies. All individual account holders in the age group of 18 to 50 years are eligible to join the scheme. The annual premium of the member is Rs 406/-. The premium is deducted from the account holder's bank account through 'auto debit" facility in one instalment, as per the ... Important Information Union Bank of India announces migration of Corporate Website to new URL https://unionbankofindia.bank.in/en/details/pradhan-mantri-jeevan-jyoti ... With the help of the PMJJBY scheme, the citizens of India can get life insurance at a much cheaper rate than the market. The applicants just have to pay a premium of INR 436 to get life insurance under the PMJJBY Scheme.