Bal Jeevan Bima Yojana 2023 Apply Online | Bal Jeevan Bima Premium Calculator | Bal Jeevan Bima Yojana Calculator
In this article, we will talk about the latest program called, the Bal Jeevan Bima Yojana 2023, which is an important project launched under the Post Office Rural Postal Life Insurance (RPLI) plan. This novel insurance scheme promises to give financial stability and safety to children living in India’s rural communities, where citizens can invest 5 rupees and get lakhs of rupees. The policy will be in effect until the youngster reaches the age of 25. The sum assured is paid to the beneficiary upon the occurrence of an insured event under this policy. In this article, we will provide you with all the important aspects of this program such as its benefits, eligibility criteria, registration process, and much more.
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Bal Jeevan Bima Yojana 2023
The Bal Jeevan Bima Yojana 2023 is an important project launched in India as part of the Post Office Rural Postal Life Insurance (RPLI). This plan, which was launched to provide financial stability to children in rural regions, intends to guarantee their future by providing life insurance coverage. The Post Office Rural Postal Life Insurance plan provides life insurance coverage to children from 5 to 18 years under this plan.
It recognizes the significance of ensuring children’s futures from a young age and seeks to relieve financial obligations that may occur as a result of unanticipated situations. This program attempts to establish a safe and empowering environment for children living in rural areas by extending the advantages of life insurance to young people.
Key Highlights of Bal Jeevan Bima Yojana 2023
|Name of the Yojana||Bal Jeevan Bima Yojana|
|Launched by||Under Post Office Rural Postal Life Insurance|
|Beneficiaries||5 to 20 years children|
|Aim||To invest only 6 rupees|
Objective of Bal Jeevan Bima Yojana 2023
This yojana aims to give financial stability and safety to children in rural communities by providing cheap life insurance coverage. This effort strives to meet the special requirements and problems encountered by rural Indian families, ensuring that children are protected from unanticipated events and have a secure financial future.
Benefits of Bal Jeevan Bima Yojana
- The Bal Jeevan Bima Yojana gives financial stability to rural children by providing life insurance coverage.
- The low-cost premiums let parents or guardians safeguard their child’s future without putting a huge financial strain on their families.
- This program also offers educational support for the kid. It allows for periodical payments of a defined proportion of the sum secured, ensuring that funds are accessible at crucial educational milestones such as elementary, secondary, and further education.
- It enables policyholders to build money during the policy term, which can be used for a variety of objectives when the kid enters maturity, such as higher education, skill development, or establishing a company.
- Premiums paid for the Bal Jeevan Bima Yojana are tax deductible under Section 80C of the Income Tax Act.
- This yojana allows customers to maintain insurance coverage for their children even after they reach the maximum age stated in the policy.
- The plan is carried out by the Post Office Rural Postal Life Insurance, a well-established organisation noted for its vast reach and effective rural services.
- At the time of application, the kid must be between the ages of 5 and 18.
- The child should be an Indian citizen. A birth certificate, Aadhaar card, or other acceptable proof proving Indian citizenship may be required.
- The youngster must have a parent or guardian who is a current Post Office Rural Postal Life Insurance (RPLI) policyholder.
- The parent or guardian should have a regular premium payment mechanism RPLI insurance.
- The parent’s or guardians RPLI policy sum assured should be equal to or more than the minimum coverage amount stated for this yojana.
Required Documents List
- Age Proof
- Identity Proof
- Address Proof
- Parent/Guardian’s Identity Proof
- Parent/Guardian’s Address Proof
- Bank Account Details
- Nominee Details
- Consent Form
- Medical Certificate
- Other Documents
Registration Procedure Under Bal Jeevan Bima Yojana 2023
- Those parents who want to take this opportunity have to visit their nearest post office to buy a life insurance plan.
- After visiting the post office, get the application from there.
- Now you have to fill out the application form correctly and attach all the documents with it.
- Last go back to the post office and submit the form there.
- With the help of this process, you can easily buy insurance plans for your children.