What is PMJJBY Full Form And Meaning, Stands for & Definition

Do you want to know What is the meaning and Full form of PMJJBY? then you are in the Right Place. Not only this, But you will also come to know what Does PMJJBY stands for? and what is the Meaning of PMJJBY? So You should read this post till the End?

What is PMJJBY Full Form and meaning?

PMJJBY : Pradhan Mantri Jeevan Jyoti Bima Yojana

PMJJBY Stands for Pradhan Mantri Jeevan Jyoti Bima Yojana. PMJJBY is used as an acronym in Government to represent Pradhan Mantri Jeevan Jyoti Bima Yojana.

Pradhan Mantri Jeevan Jyoti Bima Yojana is an insurance scheme launched by the Central Government, whose purpose is to provide policy insurance to the citizens of the country.

What is PMJJBY scheme

Pradhan Mantri Jeevan Jyoti Bima Yojana has been started by the Indian Government on 9 May 2015 to provide the benefits of the policy to the citizens. The scheme is being offered by the Life Insurance Corporation of India and other private insurance companies through public and private sector banks.

If the people Register under this scheme, beneficiaries die due to any reason till the age of 55 years, then under PMJJBY, their family nominee will be provided life insurance of Rs 2 lakh by the government.

To take a policy plan under this scheme, the minimum age of the citizens should be 18 years and the maximum age should be 50 years. The maturity age of this policy is 55 years. Interested beneficiaries of the country who want to take advantage of this Pradhanmantri Jeevan Jyoti Bima Yojana, then will have to apply under this scheme at www.jansuraksha.gov.in

What is the PMJJBY premium amount

Under this scheme, the policyholder will have to deposit a premium of Rs 330 every year. This premium amount will be auto-debited from the savings account of the beneficiaries in the month of May every year.

An affordable rate of premium is available under this scheme for all citizens belonging to almost all income groups including EWS and BPL.

Insurance cover under Pradhanmantri Jeevan Jyoti Bima Yojana will start from 1st June of the same year and will be till 31st May of next year. No medical examination is required to buy insurance in PMJJBY.

  • Insurance premium to LIC/Insurance company – Rs 289/-
  • Reimbursement of Expenses for BC/Micro/Corporate/Agent – ​​Rs.30/-
  • Reimbursement of Administrative Fee of Participating Bank – Rs.11/-
  • Total Premium – Rs 330/- only

Finally, you have got the answer to the question of “What is PMJJBY” PMJJBY is an acronym for Pradhan Mantri Jeevan Jyoti Bima Yojana.

FAQs About PMJJBY Meaning

In the above article, you have learned all About the Full Forms of PMJJBY. Now we are going to discuss some FAQs that are frequently asked on the internet. So there are many FAQs on PMJJBY let’s explore some of them.

Frequently Asked Questions
  1. What is the full form of PMJJBY Meaning?

    When do you ask what is PMJJBY? so, here the answer is The meaning of PMJJBY is ” Pradhan Mantri Jeevan Jyoti Bima Yojana ” The Definition of PMJJBY & Also all possible meaning is given above, so check out the related information above section.

  2. What does PMJJBY stand for?

    PMJJBY stands for Pradhan Mantri Jeevan Jyoti Bima Yojana. But there may be more than one meaning of PMJJBY, so check out all meanings of PMJJBY in the Above post section.

  3. What does PMJJBY mean?

    PMJJBY means Pradhan Mantri Jeevan Jyoti Bima Yojana. you can read the Most used PMJJBY Full-Form. check out related information in the above section.

  4. What is the meaning of PMJJBY?

    The meaning of the PMJJBY is “Pradhan Mantri Jeevan Jyoti Bima Yojana“. to know more about it, check out the related information above section.

  5. What Are Full forms of PMJJBY in Different Categories?

    PMJJBY stands for in Different Categories. it has many other Full Forms and that are listed in the above table you can read them.

In this post, we discussed all the important things about PMJJBY. You will not only get all the possible PMJJBY Full Form & Meaning. But also get various possible acronyms, abbreviations, and the meaning and full form of PMJJBY with definitions.