SBI PMJJBY Full Form In English
The SBI Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 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 banks like the State Bank of India (SBI) and provides financial protection to the family of the policyholder in case of their untimely death.
Under PMJJBY, an individual between the ages of 18 to 50 years can avail of life insurance coverage of ₹2 lakh at a nominal premium of ₹436 per annum. The premium amount is auto-debited from the subscriber’s bank account. The main objective of this scheme is to encourage financial inclusion and ensure that every citizen has access to basic life insurance at an affordable cost.
SBI PMJJBY Full Form In Hindi
एसबीआई प्रधानमंत्री जीवन ज्योति बीमा योजना (PMJJBY) भारत सरकार द्वारा शुरू की गई एक जीवन बीमा योजना है, जिसका उद्देश्य आम नागरिकों को कम प्रीमियम में जीवन बीमा सुरक्षा प्रदान करना है। यह योजना स्टेट बैंक ऑफ इंडिया (SBI) सहित सभी बैंकों के माध्यम से उपलब्ध है। इस योजना के तहत 18 से 50 वर्ष के व्यक्ति केवल ₹436 वार्षिक प्रीमियम देकर ₹2 लाख का बीमा कवर प्राप्त कर सकते हैं। प्रीमियम राशि सीधे बैंक खाते से स्वतः कट जाती है। इस योजना का मुख्य लक्ष्य गरीब और मध्यम वर्ग के लोगों को बीमा सुरक्षा प्रदान करना है ताकि आकस्मिक मृत्यु की स्थिति में उनके परिवार को आर्थिक मदद मिल सके।
Read More: FIU Full Form In English And Hindi
Frequently Asked Questions
What is the full form of SBI PMJJBY?
The full form of SBI PMJJBY is State Bank of India Pradhan Mantri Jeevan Jyoti Bima Yojana.
Who can apply for the SBI PMJJBY scheme?
Any individual between 18 and 50 years of age with an active bank account can apply.
What is the premium amount under PMJJBY?
The annual premium is ₹436, automatically debited from your bank account.
How much coverage is provided under SBI PMJJBY?
The policy provides life insurance coverage of ₹2 lakh.
Is medical examination required for SBI PMJJBY?
No, medical tests are not required at the time of enrollment.
Can the scheme be renewed every year?
Yes, the policy needs to be renewed annually to continue coverage.
Conclusion
The SBI Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a remarkable initiative aimed at providing affordable life insurance to every section of society. With its low premium and simple enrollment process, it ensures financial stability for the family in times of crisis. It is one of the best ways to secure one’s family with minimal financial burden.
