Pradhan Mantri Jeevan Jyoti Bima Yojana


• Eligibility: All saving account holders whose age is between 18 to 50 years.

• Life insurance Coverage: Rs. 2 lacs

• Period of Insurance : Annual from 1st June - 31st May

• Premium: Rs.330/- per annum

• Life Insurance amount for your family, in your absence.

• The premium will be deducted from the account holder's saving bank account through 'auto debit' facility.

• The person would be eligible to join the scheme through one saving bank account only.

• Termination: The assurance on the life of the member shall terminate on-
1) On attaining age 55 years,
2) Closure of account with the Bank or insufficiency of balance to keep the insurance in force.
3) In case a member is covered under PMJJBY with LIC of India / other company through more than one account and premium is received by LIC / other company inadvertently, insurance cover will be restricted to Rs. 2 Lakh and the premium shall be liable to be forfeited.