NEW DELHI : The government-backed Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a one-year life insurance scheme that was launched around six years back.
The insured's nominee gets ₹2 lakh payout upon death from any cause.If you know someone who has lost a family member, especially the breadwinner, due to covid-19, ask the family to check if the deceased had enrolled for the scheme.
For a family that lost the breadwinner, such schemes can help provide some financial stability in the interim.The scheme is available to individuals aged between 18 and 50 years and hold a savings bank account.