Get ₹6 Lakh for Your Two Children Through Bal Jeevan Bima Yojana – Apply Now!
The rising cost of education, healthcare, and basic needs has made it essential for every parent to start saving early for their children’s future. To address this need, the Central Government, in partnership with India Post, has introduced a highly beneficial scheme called Bal Jeevan Bima Yojana. With this scheme, parents of two children can receive up to ₹6 lakh (₹3 lakh for each child), making it a golden opportunity to invest in your child’s future with minimal daily savings.
What is the Bal Jeevan Bima Yojana?
The Bal Jeevan Bima Yojana is a child-centric life insurance and savings scheme launched by the Postal Life Insurance (PLI) department. Its primary aim is to encourage parents to save systematically while also offering life insurance coverage for their children. The scheme has become increasingly popular due to its high returns, low-risk investment model, and affordability—you only need to save ₹36 per day.
Key Benefits of the Scheme
-
Total Benefit: ₹6 lakh (₹3 lakh per child)
-
Only for families with up to two children
-
Safe investment with the backing of India Post
-
Affordable: Requires just ₹36/day
-
No need for a bank account to invest
-
Ideal for securing funds for children’s education or marriage
Whether you’re planning your child’s college education, future marriage expenses, or simply looking to build a financial safety net, this scheme is an excellent fit for families from low to middle-income backgrounds.
Eligibility Criteria
To enroll in this scheme, the following conditions must be met:
-
Children’s Age: Between 5 and 20 years
-
Parents’ Age: Should be 45 years or younger
-
Accounts must be opened in the children’s names
-
Bank account is not mandatory
The program is designed to be inclusive, especially for families who don’t have access to traditional banking systems but want to invest in their children’s future.
How to Apply?
Enrolling in the Bal Jeevan Bima Yojana is simple and hassle-free. Here’s how to do it:
-
Visit your nearest Post Office:
Go to any local post office and inquire about the Bal Jeevan Bima scheme. -
Carry the required documents:
-
Aadhaar card of both children
-
Proof of address
-
ID proof of parents (like PAN card, Voter ID, or Driving License)
-
-
Complete the application form:
Postal staff will assist you in filling out the form and understanding premium details. -
Make the initial payment:
Start your investment by paying the nominal premium amount. -
Receive confirmation:
You will receive an acknowledgment and a policy document once your application is processed.
Why Choose Bal Jeevan Bima Yojana?
With bank fixed deposit (FD) rates declining in recent years, many parents are searching for safe and high-yield alternatives. The Bal Jeevan Bima Yojana stands out as it offers:
-
Guaranteed returns
-
Life coverage and maturity benefits
-
No exposure to market risks
-
Post Office trust and service network across India
It is a smart and secure plan for parents who want to start small but dream big for their children’s future.
Who Should Consider This Scheme?
-
✅ Parents planning for their child’s higher education
-
✅ Those looking for marriage savings plans for their kids
-
✅ Families with no access to banking but want to invest
-
✅ Low-income groups seeking secure and affordable options
Conclusion
The Bal Jeevan Bima Yojana is a thoughtful initiative by the Indian government that supports parents in securing a bright and financially stable future for their children. With just ₹36 per day, you can turn your small daily savings into a ₹6 lakh return that can be used when your child needs it the most.
So if you’re a parent of two children, don’t delay—visit your nearest Post Office today and apply for this scheme. It’s an investment in your child’s dreams, education, and well-being.