get 4 lakh in just 456 pmsby pmjjby

 Government Initiative: Get ₹4 Lakhs for Just ₹456 Annually

The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) are flagship insurance schemes by the Government of India aimed at providing affordable life and accidental insurance coverage to all.

By enrolling in both schemes, you can avail of a total insurance cover of ₹4 lakhs at a combined annual premium of ₹456.

Details of PMJBY and PMSBY

1. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY)

• Annual Premium: ₹436
• Eligibility:
  • Age: 18–50 years
  • Must have a savings bank account linked with Aadhaar.
• Coverage:
  • ₹2 lakhs in case of death (natural or accidental).
  • Nominee receives the insured amount.
• Auto-Debit: Premium is automatically deducted from the account.

2. Pradhan Mantri Suraksha Bima Yojana (PMSBY)

• Annual Premium: ₹20
• Eligibility:
  • Age: 18–70 years
  • Must have a savings bank account linked with Aadhaar.
• Coverage:
  • ₹2 lakhs for accidental death or permanent disability.
  • ₹1 lakh for partial disability.
• Auto-Debit: Premium is automatically deducted from the account.

Key Benefits of PMJBY and PMSBY

1. Low Cost:
   • Affordable premiums of ₹436 (PMJBY) and ₹20 (PMSBY) annually.
2. Comprehensive Coverage:
   • Total of ₹4 lakhs insurance coverage by enrolling in both schemes.
3. Wide Eligibility:
   • PMJBY covers ages 18–50 years.
   • PMSBY covers ages 18–70 years.
4. Ease of Enrollment:
   • Simple process at your bank.
   • Auto-debit feature ensures hassle-free premium payment.
5. Nominee Benefits:
   • Ensures financial security for family members in case of unforeseen events.
6. Tax Benefits:
   • Premiums qualify for tax deductions under Section 80C of the Income Tax Act.
   • Payouts up to ₹1 lakh are tax-free under Section 10(10D).

How to Enroll

1. Visit your nearest bank branch (e.g., Punjab & Sind Bank).
2. Fill out the enrollment forms for PMJBY and PMSBY.
3. Provide necessary details such as Aadhaar, nominee information, and account number.
4. Opt for auto-debit of the premium from your savings account.

Important Terms and Conditions

1. Both schemes are linked to your savings account; ensure sufficient balance for auto-debit.
2. Coverage is valid only if premiums are paid annually.
3. Only one account per individual can be used for these schemes.
4. In case of account closure, the policy becomes void.

Claim Process

1. Contact the bank where you enrolled for the policy.
2. Provide details like:
   • Policyholder’s name and account number.
   • Nominee’s Aadhaar and contact information.
   • Details of the accident or death (for PMSBY claims).
3. Submit required documents, including a death certificate or disability report.

Why Choose PMJBY and PMSBY?

• These schemes are tailored for individuals seeking affordable financial protection for themselves and their families.
• Together, they ensure a secure future with minimal financial burden.

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#PMJBY #PMSBY #GovernmentInsurance #AffordableCoverage #FinancialSecurity #InsuranceForAll #SecureFuture