The central government of India has launched a new life insurance scheme, Pradhan Mantri Jeevan Jyoti Bima Yojana, for the growth of the poor and low income section of society. As a pure term insurance plan, Pradhan Mantri Jeevan Jyoti Bima Yojana, is available for people between the age group of 18- 50 years.
PMJJBY is a renewal term insurance policy that, provides a yearly life insurance coverage of Rs. 2,00,000 in case of the demise of the insured person, at the most affordable premium rate of Rs. 330 per annum. In order to help you know more about the policy, we have discussed some of the key features and benefits offered by the policy.
Salient Features of Pradhan Mantri Jeevan Jyoti Bima Yojana
The policy provides life coverage for 1 year.
The insured can renew the policy every year.
According to one’s own choice, the insured can walk out of the scheme at any time and rejoin it in future.
The policy offers a maximum sum assured of Rs2 lakh.
As compared to the other term insurance policy the plan offers very low premium rates per year i.e. Rs. 330. Moreover, the premium rate is equal for all age groups ranging from 18 to 50 years.
The claim settlement process offered by the policy is very simple and subscriber friendly.
There are certain cases under which the death benefit offered by the policy is terminated:-
If the insured person is above 55 years.
The policy holder is insured through different bank accounts.
If the insured has inadequate balance in saving bank account to keep the insurance in force.
In case you fail to purchase the scheme in the initial years you can join the policy in the subsequent years by paying the annual premiums and submitting a self-attested health certificate.
Benefits Offered by Pradhan Mantri Jeevan Jyoti Bima Yojana
Death Benefit- In case of demise of the insured person the PMJJBY provides a death coverage of Rs2,00,000 to the beneficiary of the policy.
Maturity Benefit- As this is pure term insurance plan, PMJJBY does not offer any maturity or surrender benefit.
Tax Benefit- The premium paid towards the policy is eligible for tax deduction under section 80C of Income Tax Act. In case the insurance holder fails to submit form 15 G/15 H then any life insurance proceeds exceeding Rs. 1,00,000 will be taxable by 2%.
Risk Coverage- PMJJBY provides a risk coverage of 1 year. Nevertheless, as this is renewable policy it can be renewed yearly. Moreover, the policyholder can also opt for a longer duration more than a year by auto debit option linked to your saving bank account.
The Eligibility Criteria of the policy are:-
Any person aged between 18- 50 years having a saving bank account can join this scheme through participating banks.
Even if you have multiple bank accounts, you can subscribe this scheme by only one saving bank account.
In order to avail the benefits offered by the policy, it is mandatory to link your adhaar card to the participatory bank account.
Insurance buyers joining the scheme after the primary enrolment period ranging from 31st August 2015- 30th November 2015 will have to submit a self-attested medical certificate as a proof that he/she is not suffering from any critical illness mentioned in the policy declaration form.
Pradhan Mantri Jeevan Jyoti Bima Yojana is a very beneficial scheme that can be subscribed to by simply linking the adhaar card with the participating bank account. This scheme was open for subscription from 1st June 2015-31st May 2016. The subscribers can enroll themselves after this date as well, provided payment of full annual premium payment is made and health certificate is submitted.
As a government-backed insurance policy with the minimum premium rates this plan is very advantageous for those individuals who have a low income. The plan efficiently secures the financial future of the individual and provides a backup so that they can fight against any kind of eventuality. There are three key features that make this plan very beneficial -
The plan provides security to the family of the insured to cover any eventuality.
The plan has the simplest process of enrollment and switching.
With minimum premium rates offered by the policy, any individual, who is eligible, can subscribe to this policy without any hassles.
With all these benefits and features offered by the policy, this is certainly one of the best plans to purchase for the low-income section of the society.
I am owner of this website and bharatpages.in . I Love blogging and Enjoy to listening old song.
.... Enjoy this Author Blog/Website visit http://twitter.com/bharatpages
if you have any information regarding Job, Study Material or any other information related to career. you can Post your article on our website. Click here to Register & Share your contents.
For Advertisment or any query email us at email@example.com
2. Social Security net of ESIC and EPFO to Widen opening up for all workers and self-employed Minister of State (I/C) for Labour & Employment, Shri Santosh Gangwar, while responding to the debate in the Lok Sabha, has stated today that the three Bills introduced in the House for historic labour reforms in the country, will prove to be a Game Changer in the labour welfare reforms covering more than 50 crores organized and unorganized workers in the country. This also includes gig, platform and also opens up the doors for social security to those in the self-employment sector.
3. Contribution of MSMEs in Economy The Ministry of Micro, Small and Medium Enterprises (MSME) implements various schemes and programmes for promotion and development of Micro, Small and Medium Enterprises (MSMEs) throughout the country. These include the schemes/programmes such as Prime Minister’s Employment Generation Programme (PMEGP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), A Scheme for Promoting Innovation, Rural Industry and Entrepreneurship (ASPIRE), Entrepreneurship and Skill Development Programme
4. Major Welfare Schemes of the Ministry The details regarding major welfare schemes being implemented by the Ministry of Women and Child Development along with the State-wise details of the beneficiaries of these schemes are given as below:-
Anganwadi Services under Umbrella Integrated Child Development Services (ICDS) Scheme is a centrally sponsored scheme, aiming at holistic development of children below 6 years of age and pregnant women & lactating mothers, by prov
5. Social Security for AWWs, Women and Children during Pandemic Under the Social Security benefits, Anganwadi Workers (AWWs)/ Anganwadi Helpers (AWHs) are covered under the following Insurance Schemes:
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): AWWs and AWHs in the age group of 18 to 50 years are covered under PMJJBY for life cover of Rs.2.00 lakh (covers life risk, death due to any reason).
Pradhan Mantri Suraksha Bima Yojana (PMSBY): AWWs and AWHs in the age group of 18-59 years are covered under PMSBY fo
7. Scheme for Affordable Rental Housing Complexes (ARHCs) Launched on 31.07.2020 Scheme for Affordable Rental Housing Complexes (ARHCs), a sub-scheme under Pradhan Mantri Awas Yojana-Urban (PMAY-U), for providing accommodation at affordable rent to urban migrants/ poor has been launched on 31.07.2020 after approval of the Union Cabinet. Following steps have been taken to implement the scheme of ARHCs for urban migrants/poor:
Operational Guidelines of ARHCs along with other implementation framework have been circulated to all States/Union Territories (UTs) for planni
8. Implementation of PM-KISAN Scheme Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojna, the responsibility of identifying the landholder farmer family eligible for benefit under the Scheme and uploading the data of the eligible beneficiaries on the PM-KISAN Portal is that of the States/UT Administrations. The total number of eligible beneficiaries enrolled/uploaded in the PM-KISAN portal as on 17-09-2020 is 11,07,62,287. The State-wise details of eligible beneficiaries uploaded in the PM-KISAN portal since 2019 till date is
9. Success Rate of E-NAM Agriculture Marketing being a state subject, wholesale marketing of agriculture produce is generally carried out through a network of regulated Agriculture Produce Market Committee (APMC) markets promoted by respective Government of State/ Union Territories (UTs) under their respective State/UT APMC Act. Central Government plays a supportive role in agricultural marketing. Small and Marginal farmers sometime face difficulty in direct access to markets due to varied reasons like small amount of marketable
10. Organic Farming in the Country Assistance is provided under different schemes by the Government for promoting organic farming in the country –
1. Paramparagat Krishi Vikas Yojana (PKVY): The scheme promotes cluster based organic farming with PGS certification. Cluster formation, training, certification and marketing are supported under the scheme. Assistance of Rs.50,000 per ha /3 years is provided out of which 62% i.e., Rs. 31,000 is given as incentive to a farmer towards organic inputs.
11. Subhash Chandra Bose Aapda Prabandhan Puraskar Subhash Chandra Bose Aapda Prabandhan Puraskar
The Govt. of India invites interested individuals/ institutions for Subhash Chandra Bose Aapda Prabandhan Puraskar, an annual award in the field of Disaster Management.
The application can be filled online on the website
12. Beneficial Cropping Patterns The cropping pattern is dependent on various factors viz. agro-climatic conditions of the region, availability of resources, market forces, socio-economic conditions of the farmers, demand and supply of agricultural produce etc. Accordingly, Government of India has been emphasizing promotion of various crops/cropping system viz. rice, wheat, pulses, coarse cereals, nutri cereals& commercial crops under National Food Security Mission (NFSM), oilseeds under NFSM-Oilseeds, horticultural crops under Miss
13. Use of Chemicals and Pesticides for Ripening of Fruits As per the information provided by the Food Safety and Standards Authority of India (FSSAI), Ministry of Health and Family Welfare; sub-regulation 2.3.5 of Food Safety and Standards (Prohibition and Restriction on Sales) Regulations, 2011 is related to “Prohibition of use of Calcium Carbide in ripening of fruits”. According to this sub regulation, “No person shall sell or offer or expose for sale or have in his premises for the purpose of sale under any description, fruits which have be
14. Setting up of Agriculture Infrastructure Fund Hon’ble Finance Minister announced on 15.05.2020 a Rs 1 lakh crore Agri Infrastructure Fund for farm-gate infrastructure for farmers. Accordingly, Central Sector Scheme of Financing Facility under Agriculture Infrastructure Fund was approved by Cabinet on 08.07.2020.
The scheme shall provide a medium - long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial
15. Damage to Crops due to Locust Attack During 2019-20, locust attack was reported in some districts of Rajasthan and Gujarat. Rajasthan Government has reported that a total area of 1,79,584 hectares of 8 districts of the state was affected by locust attack during 2019-20. The State Government of Gujarat has reported that crop loss due to locust attack was observed in a total area of 19,313 hectares of 2 districts of the State during the year 2019-20.
During 2020-21, the locust incursions were reported in 10 States of Raj
17. Urea is being provided to farmers at a statutory notified Maximum Retail Price :Shri Gowda The Minister of Chemicals & Fertilizers Shri DV Sadananda Gowda has informed the Rajya Sabha in a written reply today that Government of India has notified fertilizer as an essential commodity under the Essential Commodities Act, 1955(ECA) and notified Fertilizer (Control) Order (FCO), 1985 & Fertilizer (Movement Control) Order, 1973 under the EC Act. He added that State Governments have been adequately empowered to ensure selling of fertilizers at notified MRP besides stopping black
18. Funds to Boost Agriculture Exports As a part of implementation of the Agriculture Export Policy, a number of States have finalized their respective Action Plans identifying various infrastructure gaps affecting agricultural exports. To address these gaps, the States can avail assistance under the Trade Infrastructure for Export Scheme (TIES) of Department of Commerce and under various existing Schemes of Ministry of Agriculture & Farmers Welfare; Ministry of Fisheries, Animal Husbandry & Dairying; Ministry of Food Processing Indus
19. Shifting of Base to India by MNCs Several multinational companies have evinced their interest to shift their base into India across different States in sectors such as Electronics, Retail, e-Commerce, Automotive, Food Processing, Textiles etc. However, due to sensitivity of information maintained by the companies, the reasons for relocation of operations are not explicitly spelt out. It has been seen that FDI inflows usually helps in augmenting domestic capital and promote employment opportunities across sectors. The FD
20. Tender to Local Companies To ensure that the local firms are allotted the tender under Atmanirbhar Bharat, the following measures have been taken:-
1. The Department of Expenditure (DoE) vide Order No. 12/17/2019-PPD dated 15.05.2020 (copy also available on website of Department of Expenditure) has amended Rule 161 (iv) of General Financial Rules (GFR) 2017 restricting Global Tender Enquiry (GTE) for the contract/ supply value of above Rs. 200 crore to enable floating of local tenders by Procuring Entities of Government
22. Procurement of agricultural produces and payment of MSP to farmers Procurement of wheat and paddy is done by Centralized Procurement System and Decentralized Procurement (DCP) System.Under Centralized Procurement System, the procurement of wheat and paddy in Central Pool are undertaken either by FCI directly or through State Government agencies. Under Decentralized Procurement (DCP) System,the State Government itself undertakes direct purchase of paddy and wheat. Food Corporation of India (FCI) is the Central nodal agency for procurement of wheat and Paddy. Total quanti
23. Rise in Price of Essential Food Items Monthly Average of retail prices in respect of 22 essential commodities monitored by Department of Consumer Affairs (DoCA) from March 2020 to August 2020 indicating the increase in retail prices is as follows-
Department of Consumer Affairs (Price Monitoring Division)
24. Functioning of Panchayati Raj Institutions The Constitution envisages for Panchayats to function as institutions of self-government and prepare plans and implement schemes for economic development and social justice. Accordingly, Ministry of Panchayati Raj (MoPR) seeks to make Panchayati Raj Institutions (PRIs) an effective, efficient and transparent vehicle for local governance, social change and public service delivery mechanism meeting the aspirations of local population through policy interventions, advocacy, capacity building, persuasion and
25. Railway Projects Railway Projects are sanctioned Zonal Railway wise and not State-wise, as, Indian Railway’s network straddles across various state boundaries. Indian Railways has taken up 513 Railway Projects (New Line, Gauge Conversion and Doubling works). These projects are in different stages of planning/sanction/execution. The project-wise details including cost, expenditure and outlay are available in public domain on Indian Railways’ website i.e.
26 Faculty Professor Vacancy Recruitment in AIIMS Rishikesh#Faculty & Teaching36 Days Remaining for Apply Faculty Professor Vacancy Recruitment in AIIMS Rishikesh
Online applications on prescribed format are invited by Director, AIIMS, Rishikesh from suitable candidate for filling up 24 Group-A Faculty Sarkari Naukri vacancy posts Professor in various subjects/disciplines on direct recruitment basis in All India Institute of Medical Sciences (AIIMS), Rishikesh (Uttarakhand) (Advertisement No. 2020/105-128).
30 ICMR Scientist-E and Scientist-D Recruitment 2020#Scientist & Research10 Days Remaining for Apply Indian Council of Medical Research (ICMR) under Department of Health Research, Ministry of Health & Family Welfare, Government of India invites online application on prescribed format from Indian nationals for recruitment and filling up these Government Job Vacancy posts of Scientist-E, Scientist-D (Medical/Non-Medical) in various disciplines. (Advertisement No. ICMR/Sc-E & Sc-D/2020/2-Pers.)
ICMR Scientist Recruitment 2020 Vacancies
33 Recruitment of Non-Teaching Vacancy in NIFTEM#Jobs16 Days Remaining for Apply Recruitment of Non-Teaching Vacancy in NIFTEM
NIFTEM invites online application in the prescribed format for the recruitment of the following Non-Teaching Sarkari Naukri vacancy in NIFTEM in various disciplines in the office of NIFTEM. This is Government Job in Haryana State. (Advertisement No. N/HR&/H/2020/31)
34 Combined Higher Secondary (10+2) Level Examination 2020 by SSC#SSC20 Days Remaining for Apply Combined Higher Secondary (10+2) Level Examination 2020 by SSC
The Staff Selection Commission (SSC) will hold an open competitive Computer Based Combined Higher Secondary (10+2) Level (CHSL) Examination 2020 from 12/04/2020 to 17/04/2020 for Recruitment of various Group-C Government Jobs (Sarkari Naukri) Vacancy (Tier-I) for various Ministries/ Departments/ Organizations in the Government of India.
35 ICMR Assistant Vacancy Recruitment 2020 #Scientist & Research8 Days Remaining for Apply Indian Council of Medical Research (ICMR), New Delhi has entered into a memorandum of understanding with the Postgraduate Institute of Medical Education & Research (PGIMER), Chandigarh for holding of Computer Based Test (CBT) Recruitment Examination/Test for Sarkari Naukri Vacancy posts of Assistants (Group-B Level-6) of ICMR by PGIMER, Chandigarh.
36 Himachal PSC Principal Officer Recruitment 2020 #Himachal Pradesh9 Days Remaining for Apply Online Recruitment Applications (ORA) are invited by Himachal Pradesh (HP) Public Service Commission (PSC) from desirous and eligible candidates for recruitment to the following Government Job Sarkari Naukri Vacancies of Principal (B.Pharma), Planning Officer, and Veterinary Officer Vacancy under various Departments, Himachal Pradesh (Advertisement No. 07/10-/2020, 09/10-2020 and 10/10-2020).
37 Non-Teaching Vacancy Recruitment in Gujarat Vidyapith 2020#Gujarat10 Days Remaining for Apply Non-Teaching Vacancy Recruitment in Gujarat Vidyapith 2020
Gujarat Vidyapith is looking for qualified, accomplished and committed Non-Teaching Staff who believe in institution building. Online application on prescribed format is invited from the eligible and suitable person for direct recruitment/deputation/tenure basis for various Group-A, Group-B and Group-C Employees category Government Job Vacancies on a regular basis through open competition on all India basis. ...
38 UP PSC Regional Inspector (Technical) Examination 2020#Uttar Pradesh8 Days Remaining for Apply UP PSC Regional Inspector (Technical) Examination 2020
Online applications on the prescribed format are invited by Uttar Pradesh (UP) Public Service Commission (PSC), Prayagraj for Recruitment of Government Job (Sarkari Naukri) Vacancy posts of Regional Inspector (Technical) (सम्भागीय निरीक्षक (प्राविधिक)) under Regional Inspector (Technical) Examination 2020 for Transport Department of Government of Uttar Pradesh (Advt. No.: A- ...
42 UPSC Government Jobs Vacancy Recruitment 14/2020 #UPSC8 Days Remaining for Apply Union Public Service Commission (UPSC), Dholpur House, New Delhi invites Online application on prescribed recruitment form by 03/12/2020 for following Sarkari Naukri Government Jobs vacancy posts especially Specialist (Faculty - Assistant Professor Medical), Nurse, Assistant Director etc. in various Central Government Departments/Organisations in the prescribed online format (UPSC Advt. No. 14/2020).
UPSC Government Jobs Recruitment 14/2020 Vacancies