Pradhan Mantri Jeevan Jyoti Bima Yojana Guide

In India, many families face financial struggles if the sole earner of the family passes away unexpectedly. To help reduce the impact of such situations, the government started the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). This scheme offers simple and affordable life insurance coverage, providing financial security and peace of mind to families. Let’s take a closer look at how this scheme works and how it can help.

What is Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?

The Pradhanmantri Jeevan Jyoti Bima Yojana is a government-backed life insurance scheme. It provides an annual life insurance cover of ₹2 lakh, payable to the nominee in case of the policyholder’s death due to any cause. The policy is valid for one year and can be renewed annually up to the age of 55 years, provided the policyholder remains eligible.

Features of Pradhan Mantri Jeevan Jyoti Bima Yojana

To better understand the value PMJJBY, let’s take a look at its main features:

• Low premium: Only ₹436 per year.
• High coverage: ₹2 lakh paid to the nominee if the policyholder dies.
• Easy enrolment: Available through banks with simple paperwork.
• Annual renewal: The policy needs to be renewed every year.
• Simple claim process: The nominee can easily claim the insurance amount.
• Auto-debit facility: The premium amount is deducted directly from the bank account.

Benefits of PMJJBY policy

Here are some benefits PMJJBY policy offers:

• Financial security for the family in case of the death of the policyholder.
• Affordable premium that even low-income families can manage.
• No medical tests required for joining.
• Simple process to join and claim the insurance amount.

What are the Pradhan Mantri Jeevan Jyoti Bima Yojana details?

The following are the essential Pradhan Mantri Jeevan Jyoti Bima Yojana details:

Eligibility criteria under PMJJBY scheme

To Pradhan Mantri Jeevan Jyoti Bima Yojana online apply, you must meet these conditions:

• Age between 18 and 50 years.
• Have a savings bank account.
• Give consent to join the scheme and allow auto-debit of the premium.
• Renew the policy every year up to the age of 55 years.

How to check PMJJBY Policy status online?

It is simple to PMJJBY status check online. Here are the steps:

• Visit the website of your bank or insurance provider.
• Log in using your net banking details.
• Go to the insurance section.
• Select PMJJBY scheme.
• Check the status of your policy, premium payments and coverage.

How to download PMJJBY certificate online?

Downloading the PMJJBY certificate is easy. Follow these steps:

• Visit the website of your bank where you have enrolled for PMJJBY.
• Log in with your net banking or customer ID.
• Find the insurance section.
• Click on PMJJBY details.
• You will see an option to download the PMJJBY certificate.
• Download and save the PMJJBY certificate for your records.

Conclusion

The Pradhan Mantri Jeevan Bima Yojana is a valuable scheme from the Indian government that gives simple and affordable life insurance cover. It helps families manage difficult times after the loss of an earning member.

While PMJJBY provides essential life cover, it’s equally important to consider additional protection for medical emergencies. Many individuals choose to complement this scheme with a health insurance policy to manage rising hospital and treatment costs. It provides financial safety during sudden health emergencies.

FAQs

• What is the age limit for PMJJBY?

18-50 years, with renewal allowed up to 55 years.

• How much insurance cover does PMJJBY give?

It gives ₹2 lakh to the nominee in case of the death of the policyholder.

• Can I join PMJJBY without a bank account?

No, you need to have a savings bank account to join the scheme.

• Is any medical test needed to join PMJJBY?

No, you do not need any medical tests to enrol.

• How can I claim the PMJJBY insurance?

Your nominee has to submit a claim form along with a death certificate and other bank documents to the bank where the policy is active.

Disclaimer: The information provided in this blog is for educational and informational purposes only. It is not intended as a substitute for professional advice, diagnosis or treatment. Please consult a certified medical and/or nutrition professional for any questions. Relying on any information provided in this blog is solely at your own risk, and ICICI Lombard is not responsible for any effects or consequences resulting from the use of the information shared.