PMJJBY/PMSBY Renewal Meaning In English
PMJJBY/PMSBY Renewal translation, meaning, definition, explanation and examples of relevant words and pictures - you can read here.
Other Languages:
Meaning
Two government social benefit schemes, the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY), offer affordable life insurance and accidental coverage to citizens. Auto-debit from the bank account is the only method of renewal for both plans. Existing members must take responsibility for ensuring that the renewal premium has been deducted from their account.
Example
Each year, the PMJJBY and PMSBY programs run from June 1 to May 31. After that date, in order to maintain coverage under PMJJBY and PMSBY, renewal of the schemes is required by May 31st. Both of these programs are renewed every year.
Sentence
PMJJBY & PMSBY are two insurance schemes launched by the Government of India
