The PMJJBY insurance scheme is available to the age group of 18 years to 50 years. The life cover is up to 55 years of age. It covers Covid-19 deaths! Nominee can claim insurance benefits under Pradhan Mantri Jeevan Jyoti Bima Yojana, if the insurer dies due to Coronavirus. PMJJBY insurance scheme covers death due to any reason and a maximum of Rs 2 lakh insurance benefits can be availed.
One needs to have a savings bank account. The PMJJBY insurance policy holder needs to pay Rs 330 annually per member. The policy amount is auto-deducted from the bank account.
Banks, LIC, and other private life insurance companies of India offer PMJJBY insurance scheme.