Pradhan Mantri Jeevan Jyoti Bima Yojana

For Irdai Chairman Debasis Panda, LIC's fortune and reforms in health insurance sector will be the two most difficult tests to pass

PMJJBY provides life insurance cover worth Rs 2 lakh to all account holders aged 18-50 years

Premium raised first time in seven years, will make schemes viable and encourage more private insurers to join

Changes introduced by the government in the claim settlement process have led to quicker and easier settlement of claims during the pandemic, Finance Minister Nirmala Sitharaman

LIC issued a clarification saying Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are not eligible to avail the benefits offered to policyholders in the proposed IPO

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are also eligible to avail the quota benefits reserved for the LIC policyholders

The PMJJBY offers life insurance cover of Rs 2 lakh in case of death due to any reason to people in the age group of 18-50 years having a bank or post office account

The process of purchasing the said policy is fully digital, ensuring convenience for consumers