PMJJBY- PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA

Date : 09/05/2015 - | Sector: SOCIAL WELFARE

PMJJBY will be an Insurance Scheme offering life insurance cover for death due to any reason. It would be a one year cover, renewable from year to year. The scheme would be offered / administered through LIC and other Life Insurance companies willing to offer the product on similar terms with necessary approvals and tie ups with Banks for this purpose. Participating banks will be free to engage any such life insurance company for implementing the scheme for their subscribers.

Beneficiary:

Individual bank account holders of the participating banks aged between 18 years (completed) and 50 years (age nearer birthday) who give their consent to join / enable auto-debit, as per the above modality, will be enrolled into the scheme.

Benefits:

Rs.2 lakh is payable on member’s death due to any cause.

How To Apply

Beneficiary can visit nearest Bank branches, having their bank account.

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