With Prime Minister Modi's initiative, you would benefit from Rs 4 lakh worth of benefits for only Rs 456

 With Prime Minister Modi's initiative, you would benefit from Rs 4 lakh worth of benefits for only Rs 456

During its first term, the Modi administration introduced two insurance cover initiatives. Under the names Pradhan Mantri Jeevan Jyoti and Suraksha Bima, this program was introduced. For a few rupees, you may have the advantage of complete insurance up to Rs 4 lakh via this policy. Let us first explain the operation of the Pradhan Mantri Jeevan Jyoti Bima Yojana. Any cause of death is covered under the Jeevan Jyoti Bima Yojana. You will need to raise your strategy for this every year.

Anyone with an individual bank account who is between the ages of 18 and 50 is eligible to participate in this initiative. By paying a regular premium before turning 50, you may continue to be exposed to life risk until you are 55 years old.

For a yearly subscription of only Rs 436, you can get a life insurance policy with a maximum payout of Rs 2 lakh in the event of a death.

It is now time to discuss the Pradhan Mantri Suraksha Bima Yojana.

This insurance is an accident insurance plan that gives you coverage in the event of an accident-related death or disability. This covers anyone who hold a bank account and are between the ages of 18 and 70. They are eligible for its advantages under this program. In the event of an accidental death or disability, Rs 2 lakh (or Rs 1 lakh in the case of partial disability) would be awarded at the premium rate of Rs 20/-per year.