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Here’s how you can Exit from PMJJBY and PMSBY Schemes and how to turn off auto debit

The Central Government has expanded the premium of Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana. Both these plans were sent off in the year 2015.

New Delhi: A few plans of the central government are currently eclipsing the ordinary citizens. There are two such plans – Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). Many individuals need to close these plans, yet they don’t have the foggiest idea about its process.

Expansion in the premium of both the insurance plans
The Central Government has expanded the premium of Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana. From June 1, both the government plans have become costly. The premium of Jeevan Jyoti Bima Yojana has been expanded from Rs 330 to Rs 436. Also, the premium of Pradhan Mantri Suraksha Bima Yojana has been expanded from Rs 12 to Rs 20 for every annum.

Both the plans sent off in the year 2015
To bring each resident of the country under the domain of life coverage, the Central Government had sent off the Pradhan Mantri Jeevan Jyoti Bima Yojana in May 2015. Its premium was Rs 330. In this, protection is accessible up to Rs 2 lakh. Additionally, the Pradhan Mantri Suraksha Bima Yojana was likewise sent off in the year 2015. The yearly charge of this unintentional insurance was Rs 12.

To avail the plans, it is important to have a bank account
To avail Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, it is important to have a financial balance. Consistently till June 1, the premium of both the plans is naturally deducted from the bank account. Individuals are dealing with issues along these lines.

The most effective method to stop auto debit for both the plans
Many individuals need to quit both these plans because of expansion in premium and different reasons, however they don’t have a clue about the process. You need to go to the part of the bank and apply for the conclusion of auto-debit guidance from your investment account. In the wake of applying, you ought to ceaselessly follow-up that auto debit is switched off or not.

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