Big decision of the government, there is no increase in premium on this government scheme which provides 4 lakh insurance, know the full details No premium increase on this government scheme which provides 4 lakh insurance, know the full details

Big decision of the government, there is no increase in premium on this government scheme which provides 4 lakh insurance, know the full details No premium increase on this government scheme which provides 4 lakh insurance, know the full details

The annual premium of Jeevan Jyoti Bima Yojana is Rs. 330, while the premium of Suraksha Bima Yojana is Rs. 12 per annum. (No premium increase on this government scheme which provides 4 lakh insurance, know the full details)

Big decision of the government, no premium increase on this government scheme which provides 4 lakh insurance, know the full details

A big decision of the government, there is no increase in premium on this government scheme which provides 4 lakh insurance

New Delhi PMJJBY and PMSBY Scheme: The Finance Ministry has decided not to increase the premiums of Pradhan Mantri Jeevan Jyoti Vima Yojana (PMJJBY) and Pradhan Mantri Suraksha Vima Yojana (PMSBY). Its premium for the financial year 2021-22 will remain the same. The annual premium of Jeevan Jyoti Bima Yojana is Rs. 330, while the premium of Suraksha Bima Yojana is Rs. 12 per annum. (No premium increase on this government scheme which provides 4 lakh insurance, know the full details)

Insurance companies were demanding a 20 per cent increase in premiums. However, the government decided that increasing the premium would have a bad effect on the members. Both the schemes can be renewed till June 30. Jeevan Jyoti Bima Yojana is a term plan while Suraksha Bima Yojana is accident insurance. This is the cheapest insurance plan in our country. Under both, a benefit of Rs 2 lakh is available. The average premium for a 2 lakh term plan in our country is between Rs. 900-1000. Accidental cover costs Rs 600-700.

Find out how many claims have been made so far

More than 4 lakh 65 thousand claims have been filed so far under PMJJBY, with a total value of Rs 9307 crore. Since the Corona crisis in April 2020, 1.2 lakh claims have been filed so far, valued at Rs 2,403 crore. Under PMSBY, 82,660 claims have been filed till May 31, 2021, valued at Rs 1,629 crore.

Order to settle the case within 7 days

Under the Prime Minister’s Jeevan Jyoti Bima Yojana, if someone dies due to corona, he is also given insurance cover. In the first week of June, Finance Minister Nirmala Sitharaman had said that claims under PMJJBY and PMSBY schemes should be settled within 7 days. Previously there was a 30-day period for insurance companies.

What is PMSBY scheme?

Pradhan Mantri Suraksha Vima Yojana is a Government Accident Insurance Scheme. The scheme covers accidental death for one year i.e. death due to accident and disability in case of accident. The scheme is renewed every year. There are three types of benefits available in this plan. The first benefit is related to accidental death. In case of death of the insured, the nominee gets Rs. 2 lakhs. If one loses his arms, legs or eyes in an accident, he will get a benefit of Rs 2 lakh. If he loses one eye or is crippled in one leg or arm, he will get a benefit of Rs 1 lakh. The premium for this scheme is only Rs. 12 per annum.

What is PMJJBY scheme?

Life cover is available up to 55 years of age at PMJJBY. This is a type of term insurance that has to be renewed every year. In this, on the death of the insured, his family member gets Rs 2 lakh from the government. Outbreaks appear to be exacerbated during this time. In such a case, even if a man dies due to corona, the family can claim for money. The scheme is renewed every year. Its annual premium is Rs. (No premium increase on this government scheme which provides 4 lakh insurance, know the full details)

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