Annual Renewal of Social Security Insurance Schemes is Essential
Renew Your PMJJBY and PMSBY Policies
Chandigarh 30 May ( Ranjeet Singh Dhaliwal ) : Ramkishore Meena, Deputy General Manager, State Level Bankers’ Committee (SLBC), Punjab, has appealed to the public to ensure the timely renewal of their insurance coverage under the Government of India’s social security schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). He emphasized that these schemes provide crucial financial protection to individuals and their families at highly affordable premium rates.
Highlighting the benefits of PMJJBY, Shri Meena stated that the scheme offers life insurance coverage of Rs 2 lakh in the event of the insured person’s death due to any cause. Available to individuals in the 18 to 50 years age group, the scheme carries an annual premium of Rs 436. The insurance coverage remains valid from June 1 to May 31 and is renewable every year.
Similarly, under PMSBY, individuals aged 18 to 70 years can avail accidental insurance coverage of Rs 2 lakh at a nominal annual premium of Rs 20. The scheme provides financial assistance to beneficiaries in case of accidental death or disability, thereby strengthening the social security net for families. Meena urged policyholders to maintain sufficient balance in their bank accounts to facilitate the automatic debit of premiums and avoid any interruption in coverage. He also advised beneficiaries to contact their respective bank branches for information regarding policy status, enrolment, or renewal assistance.
Key Advisory for Policyholders:
* Maintain adequate balance in your bank account for premium auto-debit.
* Contact your bank branch for policy-related information and renewal assistance.
* Renew your policy on time to ensure uninterrupted insurance coverage.
Secure Family, Secure Future Renew Your PMJJBY and PMSBY Policies Today!

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