how to get 4 Lakh Insurance Benefit

 Government’s New Initiative: Now Everyone Will Get Up to ₹4 Lakh Insurance Benefit

The Government of India has launched Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) to provide security and stability to the lives of economically weaker and low-income groups. These schemes offer high insurance coverage at very low premiums.

1. Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Objective:
This scheme provides financial security in case of accidental death or disability caused by accidents.

Insurance Coverage:

1. Accidental Death: ₹2 lakh
2. Permanent Total Disability: ₹2 lakh
3. Permanent Partial Disability: ₹1 lakh

Premium:

• Only ₹20 per year (approx ₹1 per month).

Eligibility:

• Age Limit: 18-70 years.
• Savings account is mandatory.

Important Conditions:

• The premium will be auto-debited.
• Death due to suicide, drug abuse, or alcohol-related incidents is not covered.

2. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Objective:
This scheme provides financial assistance in case of natural or accidental death.

Insurance Coverage:

• Death (due to any reason): ₹2 lakh.

Premium:

• Only ₹436 per year.

Eligibility:

• Age Limit: 18-50 years.
• Savings account is mandatory.

Important Conditions:

• The premium will be auto-debited.
• Insurance coverage is available until the policyholder reaches 55 years of age.

How to Avail Benefits of Both Schemes Together?

If a person enrolls in both schemes, they can get a total insurance coverage of ₹4 lakh:

• From PMSBY: ₹2 lakh
• From PMJJBY: ₹2 lakh

How to Apply?

1. Visit the nearest bank branch or post office.
2. Opt for online application (if available with your bank).
3. Required Documents:
   • Aadhaar card or other identification proof.
   • Savings account details.
4. Ensure a minimum balance is maintained in the account.

Special Benefits of These Schemes

1. Low Cost, High Coverage: Specifically designed for low-income groups.
2. Easy Process: Timely premium payments through auto-debit.
3. Financial Security: Support for the family in case of death or disability due to natural or accidental causes.

Conclusion:
Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana are government initiatives aimed at providing financial security to vulnerable sections of society. These are excellent opportunities to secure high coverage at a minimal cost.

Tags:
#PMSBY #PMJJBY #GovernmentScheme #InsuranceForAll #FinancialSecurity #LowPremium #HighCoverage #SocialWelfare #LifeInsurance #AccidentalInsurance