Pradhan Mantri Jeevan Jyoti Bima Yojana PMJJBY

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About PMJJY Scheme

Prime Minister Shri. Narendra Modi has launched this scheme on 9th May 2015. For the people, PM Jeevan Jyoti scheme is very useful, in this scheme RS 2 lakhs will be provided to the family members in case of his death due to any reason. This is the one-year life insurance scheme and renewable for every year. Along with this scheme, Narendra Modi Ji was launched another 2 schemes as Pradhan Mantri Suraksha Bima Yojana also Atal Pension Yojana.

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Eligibility for Jeevan Jyoti insurance scheme:

  • The applicant age should be in between 18 to 50 years
  • Applicant should maintain the savings account in participating banks
  • The applicant can join this scheme after the last date and should have to pay the premium along with fitness certificate.
  • The applicant should give you the written content premium saving account yearly also maintained the minimum balance during auto debit

PM Jeevan Jyoti Bima Yojana Scheme Features:

  • The policy covers for one year and renewability is available
  • Users can exit this scheme at any time they want also join in future
  • It can offer the friendly insurance settlement process
  • This scheme will terminate
  • If the person above 55 years
  • The member covered more than one bank account
  • Insufficient balance in bank savings
  • Pay RS 330 per year means Rs 27.5 per month. And the premium will debit to your bank account in the single installment. So that you have to maintain the required balance
  • Scheme is open to the new eligible applicants in coming year
  • At the time of joining in this scheme, applicant mentioned the nominee name also the details the relationship
  • If the applicant is minor then name of the guardian has to specified
  • The contribution of this scheme is decided separately per year

Premium to pay this PMJJY scheme by an applicant:

Applicant should pay Rs 330 per annum per member

  • 289 – Insurance Premium to LIC or insurance company
  • 30 – Reimbursement of Expenses to Micro/BC/Agent/Corporate
  • 11 – Reimbursement of Administrative expenses for participating bank

How to apply or register for Pradhan Mantri Jeevan Jyoti Bima Yojana:

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Interested applicants need to download the related application form

  • Here is the link to download the Jeevan Jyoti form
  • The form will available in the many languages like Hindi, English, Bangla, Gujarati, Kannada, Tamil, Telugu, Odia and Marathi
  • That downloaded form should be filled carefully with the correct details
  • This filled application form has to submit at the bank branch
  • Most important point is you should have to maintain the enough balance in your saving bank account

This Jeevan Jyoti scheme is offered by the insurance companies like LIC and the other general insurance providers who tie up with the banks. You can enroll the scheme with the help of the insurance company. Delay payments are accepted for some terms and conditions.

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