News and Press Release - Dated:- 12-2-2019 - Ministry of Finance Posted On: 12 FEB 2019 5:38PM by PIB Delhi Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) was launched on 9th May, 2015. The cover period under this Scheme is 1st June of each year to 31st May of subsequent year. This Scheme is offered/administered through both public and private sector life insurance companies, in tie-up with Scheduled Commercial Banks, Regional Rural Banks and Cooperative Banks. PMJJBY offers a renewable one year term life cover of Rupees Two Lakh to all subscribing bank account holders in the age group of 18 to 50 years, covering death due to any reason, for a premium of ₹ 330/- per annum per subscriber, to be auto debited from subscriber s bank account. As per the data uploaded by banks on Jnasuraksha Portal, the State-wise Enrolments and Cumulative Claims Benefit amount paid as on 31.12.2018 under PMJJBY are at Annexure. The Scheme is open for enrollment to all Savings Bank Account Holders i

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