Prime Minister Jeevan Jyoti Bima Yojana (PMJJBY): The Complete Guide
Prime Minister Jeevan Jyoti Bima Yojana is a life insurance scheme for the poor. It was launched by Prime Minister Narendra Modi on May, 2015.
The scheme provides Rs 2 lakhs cover to the beneficiary in case of death due to any reason. The beneficiary will get this amount in lump sum without any deduction.
The government has announced that all those who are between 18 years and 50 years of age are eligible for this scheme.