CENTRALOTHER

Pradhan Mantri Jeevan Jyoti Bima Yojana

🏛️ Ministry of Finance (Department of Financial Services)

💸 Direct Scheme Benefits

₹2 lakh life cover for any cause of death, for an annual premium of ₹436.

About the Scheme

Pradhan Mantri Jeevan Jyoti Bima Yojana is a one-year renewable term life insurance scheme covering death from any cause. The annual premium of ₹436 is auto-debited from the subscriber’s savings account and the sum assured is ₹2 lakh. Enrolment is open to account holders aged 18 to 50, and cover once taken can be continued up to the age of 55. 🔗 Official Resources: • Jan Suraksha Portal: https://www.jansuraksha.gov.in

📄 Documents Required

✓
Bank Passbook CopyFirst page showing account number and IFSC details
✓
Aadhaar CardUnique identification document

🚀 How to Apply

Step 1:Hold a Savings Account

A savings bank account is required, since the premium is auto-debited from it.

Step 2:Submit the Consent Form

Give the bank the signed consent-cum-declaration of good health, or enrol through net banking.

Step 3:Authorise Auto-Debit

Authorise the annual premium debit and keep the balance available on the due date.

Step 4:Record the Nominee

Ensure nominee details are on record with the bank so the claim can be settled promptly.

🙋 Frequently Asked Questions (FAQs)

Does this cover death from illness as well as accident?

Yes. It is a term life policy covering death from any cause.

Until what age can the cover continue?

Enrolment is allowed from 18 to 50, and cover can be continued up to age 55.