PradhanMantri jeevan jyothi Bima Yojana
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): Empowering Lives through Affordable Life Insurance In an effort to extend financial security to the masses, the Indian government introduced the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). This initiative, launched in 2015, aims to provide a simple and affordable life insurance scheme to every eligible citizen, fostering a sense of financial inclusion across the nation. Key Features of PMJJBY: 1. Universal Accessibility: One of the hallmarks of PMJJBY is its inclusivity. The scheme is open to all Indian citizens between the ages of 18 and 50, regardless of their socio-economic background. This inclusiveness ensures that a vast majority of the population can avail themselves of the benefits, promoting financial security for families across various demographics. 2. Affordable Premiums: PMJJBY is known for its extremely affordable premiums. The annual premium for this life insurance scheme is minimal, making it accessible to in...