Insurance Series - Part 1 - Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Why Insurance is important? In short Insurance is a very important way to provide financial support to you & your family in case of any unforeseen circumstances. By doing an insurance you can get a big financial cover by paying small premiums. Even though it is an important thing but roughly 20% of India's population has any kind of insurance. So to increase these numbers Pradhan Mantri Jeevan Jyoti Bima Yojana was launched by Government of India in May 2015. Who can apply for Pradhan Mantri Jeevan Jyoti Bima Yojana ? This scheme is available to all the people in the age group of 18 to 50 years having a bank account. However, a person over age 50 cannot register to this scheme. How to apply for Pradhan Mantri Jeevan Jyoti Bima Yojana ? You can join either online by using netbanking or offline by filling Pradhan Mantri Jeevan Jyoti Bima Yojana Registration form in your bank at any time of the year. By applying you are giving you...