Bal Jeevan Bima Yojana 2023: Invest just ₹6 to ₹18 per day and get ₹1 lakh

Bal Jeevan Bima Yojana 2023: As a parent, it’s natural to worry about your children’s future, especially in today’s economic climate. One way to secure their future is to invest in schemes that will benefit them in the long run. One such scheme is the Bal Jeevan Bima Yojana 2023, which is offered by the Post Office. For a small investment of just Rs 6, you can potentially earn millions for your child’s education and other needs and even make them a millionaire. We will provide more information about this plan in this article, so make sure to read it carefully.

Bal Jeevan Bima Yojana 2023 is a Child Life Insurance Scheme offered by the Government through the Rural Postal Life Insurance Department of the Post Office. It is specially designed for children and can be purchased by parents in their child’s name only. Parents should be below 45 years of age to purchase this plan and their children between 5 to 20 years are eligible to avail the benefits. Under this scheme, the policy holder (parent) can enroll only two children. And only children can be nominees for this policy.

Name of the scheme Bal Jeevan Bima Yojana 2023
was started Under Post Office Rural Postal Life Insurance
Beneficiary Children from 5 to 20 years
purpose Make a child a millionaire by investing just 6 rupees
Some assure At least 1 lakh rupees
Application mode Offline

You will get 1 lakh rupees by depositing 6 rupees every day

Child Life Insurance Scheme provides parents with Rs. 6 to Rs. Allows premium deposits up to 18 Premium can be deposited monthly, quarterly, half-yearly or annually. This scheme covers every children between 5 to 20 years of age only. Under Bal Jeevan Bima Yojana, parents will get a benefit of Rs 1 lakh sum assured on maturity. The premium amount that parents need to pay daily depends on the policy tenure. For example, if a parent buys a policy for 5 years, he will pay a premium of Rs 6 per day, and if a policy is bought for 20 years, the parent will pay a premium of Rs 18 per day.

Benefits Available in Child Life Insurance

Child life insurance is a great option for anyone looking to improve their overall health and well-being. This health center offers a variety of services including yoga, meditation and massage therapy. They also offer various treatments to enhance your overall well-being, such as weight loss programs and immunity boosters. If you’re curious about what child life insurance can offer, keep reading.

This insurance plan has some advantages such as if the parent policy holder dies before maturity, the child’s premium will be waived off. If the child dies, the sum assured is paid to the nominee along with the bonus assured. The policy holder will receive all the money on maturity. After paying regular premium for 5 years, the policy becomes paid-up. You can choose to invest monthly, quarterly, half yearly or yearly under this plan.

Features of Bal Jeevan Bima Yojana 2023

Bal Jeevan Bima Yojana 2023 has several features that parents should know about. Only two children per family are eligible for benefit under this scheme. the eligible cild for this scheme the age should be between 5 years to 20 years. The policy offers a minimum sum assured of Rs 1 lakh. The policy holder, or parent, must be under 45 years of age at the time of purchase. If the policy holder dies before the policy matures, the child will not be liable to pay any further premium. On maturity, the entire amount is given to the child. The parents have to pay the policy premium. Additionally, Rs. 1000 per annum on a sum assured of Rs. A bonus of 48 is given.

Eligibility for Bal Jeevan Bima Yojana 2023

To be eligible for Bal Jeevan Bima Yojana 2023, you must be an Indian citizen, every Applicant least 18 years of age and Applicant was residing in a rural backword area. Additionally, you must have an Aadhaar card or a document that proves your identity and residence. you have need to all the documents the required for this scheme.

In addition to these requirements, to avail the benefits of a child life insurance plan, the child should be at least 5 years old and not more than 20 years old. Age of parents or policy holder should also be less than 45 years. The scheme is limited to two children per family.

Documents required for Bal Jeevan Bima Yojana 2023

To apply for Child Life Insurance Scheme, Applicant must have need all the required documents mention below.

  • Child’s Aadhaar Card
  • Child’s birth certificate
  • Residence Certificate
  • mobile no of child s father
  • Passport size photograph of the child
  • Parents Aadhaar Card both

It’s important to note that these documents can vary by location, so it’s best to check with your local post office or insurance provider for specific requirements.

Application Process under Bal Jeevan Bima Yojana 2023

  • Application for Bal Jeevan Bima Yojana 2023 can be done online or in person at the nearest post office.
  • While applying online, all necessary documents like income and PAN details have to be uploaded on the website.
  • After verifying all the information, applicants will have to give an online verification test.
  • Once the application is completed, applicants will receive a confirmation email and need to print and carry the confirmation receipt to the concerned agencies for issuing Aadhaar card and ration card.
  • While applying in person, parents or guardians have to get the Child Life Insurance application form collect from the post office, then fill in the all details of the child and their own information Required from the Scheme policy holder, And attach all the necessary documents with the form and return the form to the post office.

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