One can apply for PMJJBY and PMSBY through internet banking or mobile banking. Canara Bank has given this information by tweeting. Let’s know everything about these schemes.
Canara Bank, a state-run bank, is giving an insurance of 4 lakh rupees under its Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) to all its account holders daily for just 94 paise. It is very easy to apply in both these schemes. Now you can apply for PMJJBY and PMSBY through internet banking or mobile banking. Canara Bank has given this information by tweeting. Let’s know everything about these schemes.
What is PMJJBY?
PMJJBY is a term insurance plan and if the person who takes this insurance dies, then his family gets 2 lakh rupees. PMJJBY was launched by the Modi government on 9 May 2015.
The annual premium of this scheme is just Rs 330. This plan does not require any medical examination. Talking about eligibility, people from the age of 18 to 50 years can take advantage of this scheme.
PMJJBY policy is purchased on any date, its coverage for the first year will be till 31 May next year.
No more lengthy forms!
— Canara Bank (@canarabank) March 28, 2021
What is PMSBY?
PMSBY is an accident insurance. In this, 2 lakh rupees are received on death of the insurance holder or on becoming fully disabled. The premium for this scheme is just 12 rupees annually. This scheme is auto renewed every year or it has to be renewed.
This scheme is renewed every year. There are three types of benefits in this scheme. The first benefit is related to the death in the accident. If the insured dies, the nominee will get 2 lakh rupees. If someone’s hands or feet or eyes go into an accident, then they will also get the benefit of 2 lakhs. If the light of one eye goes away or is handicapped by one leg or hand, then it will get a profit of 1 lakh.
The minimum age limit for this scheme is 18 years and the maximum age limit is 70 years.
Get 4 lakh rupees benefits by spending 94 paise daily
The annual premium of PMSBY is Rs 12 and the annual premium of PMJJBY is Rs 330. Overall, the premium for both insurance is Rs 342 per annum. That is, a day’s premium becomes about 94 paise. You can avail 4 lakh rupees by spending 94 paise daily.
According to Canara Bank’s tweet, there is no need to fill a long form to join this scheme. You can connect to this scheme from home to net banking or mobile banking. For more information, you can visit www.canababank.com.
Or you can call 1800 425 0018, 1800 208 3333, 1800 103 0018, 1800 3011 3333.