Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government scheme that aims to provide social security to the citizens of India. This scheme is designed to provide life insurance coverage to individuals aged between 18-50 years. The PMJJBY aims to give financial security to the beneficiaries in case of the death of the insured person. The government has now extended the scope of PMJJBY to include maternity health insurance coverage. This is a game-changing move by the government that will benefit numerous expecting mothers.
Maternity health insurance is a type of health insurance that covers the medical expenses incurred during pregnancy and childbirth. It is an essential health insurance policy for expecting mothers since the medical expenses associated with pregnancy and childbirth can be high. Maternity health provides financial security to the mother and the newborn, ensuring a stress-free and safe pregnancy.
The PMJJBY scheme now includes a maternity health insurance cover of Rs. 2 lakh that will provide financial security to the mother and the newborn. The scheme’s objective is to provide financial assistance to the insured person or nominee in case of the mother’s death or the newborn’s death due to pregnancy-related complications.
The Pradhan Mantri Jeevan Jyoti Bima Yojana for Maternity is an affordable and accessible health insurance scheme that aims to provide coverage to all individuals. The scheme has been brought under the purview of PMJJBY, and currently, more than 13 crore people have been enrolled under this scheme. The premium to be paid is just Rs. 330 per annum, which creates an excellent opportunity for individuals from low-income groups to avail themselves of essential healthcare services.
The PMJJBY scheme’s main benefit for maternity health insurance is that it guarantees financial assistance in case of the mother’s or newborn’s death due to pregnancy-related complications. The sum assured of Rs. 2 lakh is a considerable amount that can help the family cover the medical expenses incurred during pregnancy and childbirth. It is a big relief for the family members who might have to bear the brunt of expensive medical bills.
It is essential to note that the PMJJBY scheme provides maternity health insurance coverage only for a limited period. The coverage tenure begins from the date of enrollment under this scheme and lasts until 45 years of age. After this age, the policyholder is no longer eligible for coverage under the PMJJBY scheme.
The PMJJBY scheme’s eligibility criteria for maternity health insurance is straightforward and easy to understand. The scheme requires the applicant to be between 18-50 years of age and should have a savings bank account linked to Aadhar. The premium for maternity health insurance is automatically deducted from the account linked to Aadhar.
To apply for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), an interested person can approach the nearest Indian bank branch. The bank will provide the necessary information regarding the scheme and help the applicant fill out the application form. The applicant should provide the necessary identification documents such as PAN card, Aadhaar card, etc., for smooth processing of the application.
The PMJJBY scheme’s benefits for maternity health insurance are immense and can bring significant relief to families with expecting mothers. The scheme’s low premium and high sum assured make it an attractive health insurance policy for individuals from different socio-economic backgrounds.
Conclusion
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) for maternity health insurance is a remarkable initiative by the Indian government that aims to provide financial security to expecting mothers and their newborns. The scheme covers the medical expenses associated with pregnancy and childbirth, making it an essential health insurance policy for all expecting mothers. The low premium and high sum assured make it an attractive policy option for individuals from all socio-economic backgrounds. It is a game-changing move by the government that will go a long way in providing essential healthcare services to all citizens of India.
