Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a key social security initiative by the government designed to shield citizens from financial hardships due to accidents, illnesses, or unexpected events. If the insured individual passes away, their family can claim up to Rs 2 lakh. Recently, a fraud ring was uncovered in Sambhal, UP, that was scamming people using the PM Jeevan Jyoti Yojana.

 

This group was falsely declaring deceased individuals as alive to collect claims and then reversing the status. Six individuals have been arrested, and authorities have seized various documents, including seals and bank accounts.

 

The Pradhan Mantri Jeevan Jyoti scheme is a government welfare program, making it crucial for you to understand how to enroll and protect yourself from scams.

 

Key Features of the PM Jeevan Jyoti Insurance Scheme:

 

– The scheme aims to offer affordable life insurance to individuals aged 18 to 50.

– It provides a coverage of Rs 1 lakh for normal deaths and Rs 2 lakh for accidental deaths.

– The annual premium for this plan is Rs 330.

– The scheme is renewed each year, with the renewal fee automatically deducted from the participant’s bank account.

 

How to Register:

To join the PM Jeevan Jyoti Bima Yojana, you need to be between 18 and 50 years old.

 

– To get life insurance coverage, you need to go through Indian banks.

– You can sign up for the PMJJBY scheme by heading to your nearest bank.

– Make sure to have your bank account info and ID proof ready for registration.

Keep in mind that the PM Jeevan Jyoti Bima Yojana registration happens right at the banks, not through any agents or middlemen. So, don’t give your important documents or premium payments to anyone else.

 

How to claim for death benefits

 

– If someone covered under the PM Jeevan Jyoti Bima Yojana passes away, the insurance payout goes to their family, following the bank’s process.

 

– To file a death claim, you’ll need to provide a death certificate and any other necessary documents to the bank.

 

Again, remember to submit these documents directly to the bank and not to any agents or third parties.