PNB PMJJBY New Premium Amount 436: A Comprehensive Guide

PNB PMJJBY New Premium Amount 436: A Comprehensive Guide

The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme that provides life coverage to eligible individuals. The scheme is available to people aged between 18 and 50 years and offers a sum assured of Rs. 2 lakhs in case of death due to any reason. Punjab National Bank (PNB) is one of the banks that offer PMJJBY to its customers. In this blog, we will discuss the new premium amount for PNB PMJJBY, which is Rs. 436.

What is PMJJBY?

PMJJBY is a life insurance scheme launched by the Government of India in 2015. The scheme is available to people aged between 18 and 50 years and provides life coverage of Rs. 2 lakhs in case of death due to any reason. The premium for the scheme is Rs. 330 per annum, which is payable on an annual basis.

What is PNB PMJJBY?

PNB PMJJBY is the PMJJBY scheme offered by Punjab National Bank. The bank has tied up with various insurance companies to provide life coverage to its customers under the PMJJBY scheme.

New Premium Amount for PNB PMJJBY

The premium for PNB PMJJBY has been revised to Rs. 436 from the earlier amount of Rs. 330. The revised premium amount is applicable from June 1, 2021, onwards. The revised premium amount includes an insurance cover of Rs. 2 lakhs in case of death due to any reason.

How to Enroll for PNB PMJJBY?

To enroll for PNB PMJJBY, you need to follow these steps:

Step 1: Visit the PNB branch where you hold your account.

Step 2: Collect the PMJJBY application form from the bank.

Step 3: Fill the application form with the required details such as name, age, address, nominee details, etc.

Step 4: Submit the application form along with the premium amount to the bank.

Step 5: Once the bank receives your application and premium amount, your coverage will be activated.

Note: The premium amount is payable on an annual basis, and the coverage is valid for one year from the date of enrollment.

In conclusion, PNB PMJJBY is an affordable life insurance scheme that provides coverage to eligible individuals. The new premium amount for PNB PMJJBY is Rs. 436, which includes a coverage of Rs. 2 lakhs in case of death due to any reason. If you are eligible for the scheme, you can enroll by visiting your nearest PNB branch and submitting the application form along with the premium amount. By enrolling in the scheme, you can ensure that your family is financially secure in case of any unfortunate event.

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