Overview

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a life insurance scheme with a life cover of ₹2 lakh at a premium of ₹436 per annum per member and is renewable every year.

Policy Period: Period of insurance is annual (1st June to 31st May of every year), Coverage will be auto renewed during end of May every year.

Premium: The premium is ₹436 per annum which will be auto-debited in one instalment from the subscriber's bank account as per the option given by him/her on or before 31st May of each annual coverage period under this scheme.

Eligibility

The scheme is eligible for the resident customers with a Bank account including BSBD account. All individual bank account holders in the age group of 18 to 50 years in participating banks will be entitled to join this scheme. The insured person can renew the policy up to the age of 55 years and the premium will be debited till the customer attains 55 years of age.

Risk Coverage

Risk coverage under this scheme is for ₹2 lakh in case of death of the insured, due to any reason.

(* Risk cover will start from 30 days after fresh enrolment)

(**Claim forms to be submitted to concerned bank branch within 30 days from the date of death.)

How to enrol in the scheme?

PMJJBY application forms are available in all our Bank Branches. Our customers can approach the nearest branch and join the scheme.

PMJJBY CLAIM REQUIREMENT:

Scanned copies of:

1. Account Holder passbook first page (having photo and new account number).
2. Account holder Aadhar Card.
3. Original Death Certificate.
4. PMJJBY enrollment form.
5. PMJJBY claim form.
6. Nominee bank account first page (having photo).
7. Nominee Aadhar card xerox (with self attestation).
8. Account holder account statement when premium amount is debited in the past two years Duly signed by Branch Manager.
9. Discharge form signed by nominee on revenue stamp.

Please send hard copies of the same to Head Office.

PMJJBY Discharge Form Click Here

PMJJBY Claim Form Click Here