How is the Pradhan Mantri Jeevan Jyoti Bima Yojana Benefiting the Poor in Sahibganj?
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Synopsis
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is transforming lives in Sahibganj, Jharkhand, offering affordable life insurance and financial security to many families. With a nominal premium, this scheme is proving to be a lifeline for the underprivileged, ensuring support during emergencies and unexpected tragedies.
Key Takeaways
- PMJJBY provides life insurance coverage of Rs 2 lakh.
- Annual premium is just Rs 436.
- Eligibility is for individuals aged 18-50 years.
- Family benefits in case of death from natural causes or accidents.
- Must have a bank account to enroll.
Sahibganj (Jharkhand), May 12 (NationPress) The Central Government's Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has proven to be a significant boon for the residents of Sahibganj district in Jharkhand. Through this initiative, individuals are able to access life insurance at a remarkably low premium.
Residents express that this scheme not only offers financial security to their families but also serves as a robust support system during emergencies.
The Pradhan Mantri Jeevan Jyoti Bima Yojana is a social welfare program launched by the Central Government, aimed at ensuring that every citizen has access to life insurance. This scheme provides an insurance coverage of Rs 2 lakh for an annual premium of merely Rs 436. It is available for individuals aged 18 to 50 years, with a prerequisite of having a bank account.
Beneficiary Gopal Ghosh shared with the news agency IANS, "I have benefited from the Pradhan Mantri Jeevan Jyoti Bima Yojana, and it has been immensely advantageous. Under this scheme, if a person passes away due to natural causes or an accident, their family receives a compensation of Rs 2 lakh. The government has truly initiated a remarkable scheme. Regardless of the cause of death, the family will receive the benefit of this scheme. The only requirement is an annual premium payment of Rs 436, which is affordable for everyone."
He expressed gratitude towards Prime Minister Narendra Modi, stating that this initiative is excellent and immensely beneficial for the underprivileged. The public is making full use of this scheme and he urged everyone to take advantage of it.
UCO Bank manager Ayodhya Kumar remarked, “The Pradhan Mantri Jeevan Jyoti Bima Yojana is an ambitious welfare initiative by the Central Government that provides financial security to poor and middle-class individuals. We are facilitating access to this scheme through our bank and enlightening people about its numerous benefits.”
Point of View
It's imperative to recognize the significance of the Pradhan Mantri Jeevan Jyoti Bima Yojana in enhancing the lives of the underprivileged. This initiative reflects the government's commitment to ensuring financial stability and security for all citizens, particularly in challenging circumstances. Our nation stands to benefit greatly from such welfare schemes, and it's our responsibility to promote and support them.
NationPress
26/07/2025
Frequently Asked Questions
What is the Pradhan Mantri Jeevan Jyoti Bima Yojana?
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a life insurance scheme launched by the Central Government of India, providing an insurance cover of Rs 2 lakh at an annual premium of Rs 436.
Who is eligible for this scheme?
Individuals aged between 18 to 50 years with a bank account can enroll in the Pradhan Mantri Jeevan Jyoti Bima Yojana.
What benefits does PMJJBY offer?
In the event of death due to natural causes or an accident, the family of the insured receives a compensation of Rs 2 lakh.
How can one enroll in this scheme?
Enrollment in the PMJJBY can be done through participating banks and financial institutions. It's essential to have a bank account to apply.
Is the premium affordable?
Yes, the annual premium of Rs 436 is designed to be affordable for everyone, making life insurance accessible to the poor and middle-class.
