PMJJBY: Secure Rs. 2 Lakh Life Insurance for Just Rs. 436 Annually

• Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) offers Rs. 2 lakh life insurance for an annual premium of Rs. 436.
• Eligibility: Indian citizens aged 18-50 with a bank/post office account; NRIs with an Indian bank account also eligible.
• No medical examination required; coverage for death due to any reason (accident, illness, natural disaster).
• Premium is auto-debited from your account; pro-rata premium for mid-year joining, but full premium for renewal.
• Application via bank branch, post office, internet banking, or mobile app by May 31; 30-day lien period for non-accidental death.

Why It Matters: PMJJBY provides affordable Rs. 2 lakh life insurance for Rs. 436 annually, accessible to common people.