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image   PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA [PMJJBY]

FEATURES

Plan Type Group Term Insurance Plan linked to Saving Bank Account
Insurance Company M/s SUD Life Insurance Co.Ltd
Entry Age Minimum :- 18 years, Maximum :- 50 years
Tenure of Policy 1 year, Renewal every year ,
Maximum upto the age of 55 years
Sum Assured (SA) Rs. 2 Lakh
Scheme Launch Date 1st June 2015
Coverage Period 1st June to 31st May (1 year)
Coverage Death due to any cause,claims for deaths which occur during the first 45 days from the date of enrolment will not be paid, effectively meaning that the risk cover will commence only after the completion of 45 days from the date of enrolment into the scheme by the member, however ACCIDENTAL DEATH will be exempted from this guideline of 45 days.
Benefits
  • In case of Death :- Sum Assured
  • Other Case: -The scheme is Pure Term Insurance product, with No maturity benefit / bonus will be applicable / payable
Premium Rates
Sl No. Month of Enrolment in PMJJBY

Pro-rata Premium

1 June, July, August rupee 330.00
2 September, October November rupee 258.00
3 December, January, February rupee 172.00
4 March, April, May rupee 86.00

No Service Tax
Master Policy Holder: Union Bank is the Master policy holder on behalf of the participating customers

DETAILS


CLAIM PROCESS


FAQS


APPLICATION FORM


AMENDMENT


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