How Did PM Jeevan Jyoti Bima Yojana Provide a Path Forward After Tragedy?
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Synopsis
Discover how the Pradhan Mantri Jeevan Jyoti Bima Yojana serves as a crucial support system for families in distress. Learn about Balmukund Baiga and Abhinesh Singh Chauhan, who turned their losses into a hopeful future with the help of this government initiative.
Key Takeaways
- Affordable Premium: Just Rs 436 per year.
- Life Coverage: Provides a safety net of Rs 2 lakh.
- Target Group: Aimed at individuals aged 18-50.
- Financial Inclusion: Designed for economically weaker sections.
- Support during Crisis: Helps families cope with loss and financial burden.
Shahdol, Aug 13 (NationPress) The Central government’s flagship insurance initiative, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), is emerging as a crucial lifeline for families facing personal tragedies. In the Shahdol district of Madhya Pradesh, this scheme has assisted numerous bereaved families in restoring their financial footing after the loss of loved ones.
A notable beneficiary, Balmukund Baiga, experienced the sorrow of losing his wife, Phoolmati, during medical treatment. Thankfully, she had enrolled in PM Jeevan Jyoti Bima Yojana.
Following her passing, Balmukund received Rs 2 lakh from the scheme.
In an interview with IANS, he expressed: “The insurance payout enabled me to settle debts. I cannot imagine what I would have done without it. This scheme provided me with support at my darkest hour. I purchased carpentry tools and utilized the remaining funds to clear my debts.”
He extended his gratitude to Prime Minister Narendra Modi for launching such a beneficial initiative for the underprivileged.
Another local, Abhinesh Singh Chauhan, also gained from the scheme following the unexpected passing of his sister due to illness. He stated that the insurance payout was a significant aid to the family during their challenging times.
“We had no expectations, yet the scheme delivered essential relief. It helped us cope with expenses and alleviated our financial strain,” he recounted.
As per Abhiyank Sharma, Regional Manager of Central Bank: "This scheme is tailored to ensure that even economically disadvantaged groups can secure life insurance. For just Rs 436 per year, beneficiaries receive a life cover of Rs 2 lakh. It represents a remarkable step towards financial inclusion."
The PM Jeevan Jyoti Bima Yojana is accessible to individuals aged 18 to 50 and offers affordable life insurance coverage through participating banks and insurance firms.
Traditionally, life insurance is viewed as unattainable for low-income families in India. However, PMJJBY has become a pivotal financial safety net. In smaller districts such as Shahdol, where many families live on the edge, it is transforming crises into manageable recoveries — providing not only compensation but also hope.
Point of View
It is crucial to recognize the profound impact of the PM Jeevan Jyoti Bima Yojana on the lives of many struggling families. This initiative not only provides financial support but also instills hope and resilience, showcasing the government's commitment to uplifting the economically weaker sections of our society.
NationPress
08/10/2025
Frequently Asked Questions
What is the PM Jeevan Jyoti Bima Yojana?
The PM Jeevan Jyoti Bima Yojana is a government insurance scheme that offers life coverage of Rs 2 lakh for an annual premium of just Rs 436, primarily targeting economically weaker sections.
Who is eligible for the scheme?
Individuals aged 18 to 50 years are eligible to enroll in the PM Jeevan Jyoti Bima Yojana.
How does the scheme help families in need?
The scheme provides financial compensation to families in case of the policyholder's demise, helping them manage expenses and recover from financial distress.
How can one apply for the PM Jeevan Jyoti Bima Yojana?
Interested individuals can apply through participating banks and insurance companies offering this scheme.
What are the key benefits of the scheme?
The key benefits include affordable premiums, significant life coverage, and the aim of promoting financial inclusion among low-income families.
