Term insurance is much more economical than the Pradhan Mantri Jeevan Jyoti Bima Yojana PMJJBY - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Sunday, September 16, 2018

Term insurance is much more economical than the Pradhan Mantri Jeevan Jyoti Bima Yojana PMJJBY


Term insurance is much more economical than the Pradhan Mantri Jeevan Jyoti Bima Yojana PMJJBY

The life insurance is like a term insurance and is much more economical than the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).

In the case of PMJJBY, the premium payable for a sum assured (SA) of Rs.2 Lakhs is Rs.330 which translates to Rs.165  per SA of Rs.1 Lakh.

As against this the SA of Rs.1 Lakh for CDSL demat accounts under this scheme for age group 18 to 60 years is Rs.130- + GST i.e.Rs.130  + Rs.23.40 = Rs.153.40.

As you may be aware CDSL  signed an MOU with LIC to give effect to this scheme.


Term insurance is much more economical than the Pradhan Mantri Jeevan Jyoti Bima Yojana PMJJBY Reviewed by S. Chitra on September 16, 2018 Rating: 5 Term insurance is much more economical than the Pradhan Mantri Jeevan Jyoti Bima Yojana PMJJBY The life insurance is like a term insu...

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