Rs 4,698.10 crore paid for death claims under PMJJBY last fiscal

The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has settled more than two lakh death claims of around Rs 4,700 crore in the previous financial year, according to an RTI reply.
Neemuch district based RTI activist Chandrashekhar Gaur had filed the RTI regarding death claims to the Department of Financial Services. 
According to the reply, payment of Rs 4,698.10 crore was made against 2,34,905 death claims under the PMJJBY in the last fiscal. In the earlier years, death claims of Rs 3,563.78 crore in 1,78,189 cases were settled in 2019-20; Rs 2,704.24 crore in 1,35,212 cases in 2018-19.
As many as 2,50,351 death claims were filed under the PMJJBY in the previous fiscal, and of them, 13,100 were dismissed in 2020-21. The remaining 2,346 claims were being examined.
Under PMJJBY, a person with a bank account from 18 to 50 can get himself insured by paying an annual premium of Rs 330.



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Changes in Our Business Model
Greetings from Moneylife Advisory Services
Between financial years 2019-21, SEBI has come up with extensive changes to investor advisor regulations. On Sep 23, 2020, SEBI had issued new additional guidelines. This comes just two months after extensive changes announced in July 2020. Earlier, in December 2019 there was an ad hoc circular
As a result of these changes, IAs, cannot accept fees through credit cards, will have to sign a 26-clause investor agreement, have to maintain physical record written & signed by client, telephone recording, emails, SMS messages and any other legally verifiable record for five years. IAs were already asked to record the suitability and rationale for every piece of advice given, sign them and store them for five years.
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