PMJJBY SBI Full Form In English
PMJJBY stands for Pradhan Mantri Jeevan Jyoti Bima Yojana. It is a government-backed life insurance scheme launched by the Government of India to provide affordable life insurance coverage to citizens. The scheme is offered through various banks, including SBI (State Bank of India). PMJJBY is mainly designed for individuals from low- and middle-income groups so that their families can get financial support in case of the policyholder’s death. The scheme provides life insurance coverage of ₹2 lakh at a very low annual premium, making it accessible to a large section of society.
PMJJBY SBI Full Form In Hindi
PMJJBY का फुल फॉर्म प्रधानमंत्री जीवन ज्योति बीमा योजना है। यह भारत सरकार द्वारा शुरू की गई एक जीवन बीमा योजना है, जिसे SBI (स्टेट बैंक ऑफ इंडिया) सहित विभिन्न बैंकों के माध्यम से प्रदान किया जाता है। इस योजना का उद्देश्य आम नागरिकों को कम प्रीमियम पर जीवन बीमा सुरक्षा उपलब्ध कराना है। PMJJBY के तहत बीमाधारक की मृत्यु होने पर उसके परिवार को ₹2 लाख की आर्थिक सहायता दी जाती है। यह योजना विशेष रूप से गरीब और मध्यम वर्ग के लोगों के लिए बहुत लाभकारी है।
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Frequently Asked Questions
What is the full form of PMJJBY?
PMJJBY stands for Pradhan Mantri Jeevan Jyoti Bima Yojana.
What is the role of SBI in PMJJBY?
SBI acts as a participating bank that helps customers enroll in PMJJBY and facilitates premium deduction and claim settlement.
Who can apply for PMJJBY?
Any individual aged between 18 and 50 years with a bank account can apply for PMJJBY.
What is the insurance coverage under PMJJBY?
The scheme provides life insurance coverage of ₹2 lakh in case of the policyholder’s death.
What is the annual premium of PMJJBY?
The annual premium for PMJJBY is very low and is auto-debited from the bank account once a year.
Is PMJJBY linked with a bank account?
Yes, PMJJBY is directly linked to the subscriber’s bank account for premium payment and benefits.
Can PMJJBY be renewed every year?
Yes, PMJJBY is a renewable scheme and continues as long as the premium is paid and eligibility conditions are met.
Conclusion
PMJJBY, or Pradhan Mantri Jeevan Jyoti Bima Yojana, is an important life insurance scheme supported by the Government of India and offered through banks like SBI. It provides financial security to families at an affordable cost and encourages people to opt for life insurance. With simple enrollment, low premium, and decent coverage, PMJJBY plays a key role in promoting social and financial inclusion.
