Term insurance plan: This govt scheme provides coverage of Rs 2 lakh at a premium of Rs 436 annually for the 18-50 age group
Pradhan Mantri Jeevan Jyoti Bima Yojana: Anyone between the ages of 18 and 50 who has an account with participating banks or post offices is eligible to enroll under this scheme.
Policyholders pay an annual premium of Rs 436, which is automatically deducted from their bank or post office accounts. Image: Freepik