Pradhan Mantri Jeevan Jyoti Yojana SBI 330 – [Apply Online] Claim Form

By | April 29, 2019
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Pradhan Mantri is interested in getting the unbanked population to bring in the mainstream banking system. Pradhan Mantri thus has come up with the new PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA. PMJJBY is for the people or workers employed by the unorganized sector. And it offers a renewable life insurance cover of Rs. 2lakhs with just a premium of Rs.330.

 In order to help you know more about the policy. We have discussed some of the key features and benefits offered by the policy.

Pradhan Mantri Bima Yojana 330 [Online Apply] Claim Form

Jeevan Jyoti is an insurance scheme that would be renewable every year with a cover of one year at a time. This covers death due to any reasons. If one has many accounts in several banks. Then he/she can anyone scheme i.e. can be attached with any bank account. The scheme is for the people of age group 18-50 years. The cover period of the initial launch is 1st June 2015- 31st May 2016. The premium would be paid through auto debit card linked with the subscriber’s saving account. a certificae of good health woukl be provided to the subscriber at the time of joining. If any subscriber exits the scheme at anyn point then they may rejoin it.

VRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA

This plan offers –

  • Simplicity – easy enrollment and swift processing with no medical examination

                             Fast enrollment and swift processing

                             No medical examination required, acceptance is based on satisfactory health declarations in the consent form

  • Affordability – through nominal premiums across all ages

                              Insure yourself for a cover of Rs.2 lakh at a nominal premium

  • Security – to cover an eventuality

                           Safeguard your family against financial difficulties

Pradhan Mantri Jeevan Jyoti Bima Yojana Benefits, Age Limit (Eligibility) in Hindi

  • The insured can renew the policy every year.
  • The policy offers a maximum sum assured of Rs2 lakh.
  • The policy provides life coverage for 1 year.
  • The claim settlement process offered by the policy is very simple and subscriber friendly.
  • According to one’s own choice, the insured can walk out of the scheme at any time and rejoin it in future.
  • As compared to the other term insurance policy the plan offers very low premium rates per year i.e. Rs. 330. Moreover, the premium rate is equal for all age groups ranging from 18 to 50 years.
  • Certain cases under which the death benefit is terminated:-
  1. Different bank accounts have insured the policyholder.
  2. If the insured person is above 55 years.
  3. If the insured has inadequate balance in saving bank account to keep the insurance in force.

PMJJBY Eligibility Criteria 

  1. Any person aged between 18- 50 years having a saving bank account can join this scheme through participating banks.
  2. Insurance buyers joining the scheme after the primary enrolment period ranging from 31st August 2015- 30th November 2015 will have to submit a self-attested medical certificate as a proof that he/she is not suffering from any critical illness mentioned in the policy declaration form.
  3. In order to avail the benefits offered by the policy, it is mandatory to link your adhaar card to the participatory bank account.
  4. Even if you have multiple bank accounts, you can subscribe to this scheme by only one saving bank account.

Pradhan Mantri Jeevan Jyoti Bima Yojana Form Last Date [PDF]

Appropriation of Rs. 330 that would be paid as under JEEVAN JYOTI YOJANA.

  • Rs.289 as annual premium by LIC per member.
  • Payment of agents of an amount of Rs.30.
  • Rs.11 for administrative expenses payment.

For more details on risk factors, terms and conditions of Jeevan Bima Yojana, read the following documents carefully

  • Alteration request form
  • Product Brochure
  • Claim process
  • Policy servicing email
  • Claim form
  • Claims email
  • Policy Document

The last date to apply for Jeevan Jyoti Bima is 31st May 2016 which may further get extended.

To get the certificate download, click HERE

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