Pradhan Mantri Jeevan Jyoti Bima Yojana Online Apply -

Pradhan Mantri Jeevan Jyoti Bima Yojana Online Apply

Pradhan Mantri Jeevan Jyoti Bima Yojana Online Apply

 

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a life insurance scheme launched by the Government of India in 2015. The scheme aims to provide life insurance coverage to the citizens of India at an affordable premium rate. The policy offers financial security to the policyholder’s family in case of any unforeseen event leading to the death of the policyholder.

Eligibility criteria for PMJJBY scheme:

The applicant should be an Indian citizen between the age of 18 and 50 years.
The applicant should have a savings bank account in any of the participating banks.
The applicant should provide a self-attested copy of the Aadhaar card and a cancelled cheque of the bank account from which the premium will be deducted.

Alternatively, the PMJJBY scheme can also be applied for online through the internet banking portal of the participating banks. Here’s how to apply for the PMJJBY scheme online through the internet banking portal:

Step 1: Log in to the internet banking portal of the participating bank.

Step 2: Click on the ‘Insurance’ option from the menu.

Step 3: Select the ‘PMJJBY’ option.

Step 4: Fill in the required details such as name, address, date of birth, bank account number, and nominee details.

Step 5: Attach a self-attested copy of the Aadhaar card and a cancelled cheque of the bank account from which the premium will be deducted.

Step 6: Pay the premium amount through the auto-debit facility from the bank account.

Pradhan Mantri Jeevan Jyoti Bima Yojana Online Apply

 

Benefits of PMJJBY scheme:

Life insurance coverage: PMJJBY offers life insurance coverage of Rs. 2 lakh to the policyholder in case of their death due to any reason. This coverage provides financial security to the policyholder’s family and ensures that they are able to meet their financial obligations in the event of the policyholder’s untimely demise.

Affordable premium: The premium amount for PMJJBY is Rs. 330 per annum, which makes it one of the most affordable life insurance schemes in the market. The low premium amount ensures that even people from low-income backgrounds can afford to purchase the policy and avail of the benefits.

Easy enrollment process: The enrollment process for PMJJBY is simple and hassle-free. The policy can be purchased online or through the participating bank branch. The application process is straightforward, and applicants are required to provide basic personal and bank account details along with a self-attested copy of their Aadhaar card.

Auto-debit facility: The premium amount for PMJJBY is deducted automatically from the policyholder’s bank account. This ensures that policyholders do not miss any premium payments and the policy remains active. The auto-debit facility also eliminates the need for policyholders to remember the premium payment due date and manually make the payment every year.

Renewable policy: PMJJBY is a renewable policy, and policyholders can renew the policy annually by paying the premium amount through the auto-debit facility from their bank account. This ensures that policyholders do not have to go through the hassle of reapplying for the policy every year.

Tax benefits: The premium amount paid for PMJJBY is eligible for tax benefits under Section 80C of the Income Tax Act. This means that policyholders can claim a tax deduction of up to Rs. 1.5 lakh on the premium amount paid for PMJJBY.

Nomination facility: PMJJBY provides a nomination facility that allows policyholders to nominate a beneficiary who will receive the insurance amount in case of their death. This ensures that the insurance amount is paid to the intended recipient and helps avoid any disputes or legal complications.

Wide network of participating banks: PMJJBY is available through a wide network of participating banks across India. This ensures that people from all corners of the country can easily purchase the policy and avail of its benefits.

Flexibility in payment modes: PMJJBY allows policyholders to choose from multiple payment modes, including monthly, quarterly, or half-yearly. This provides flexibility to policyholders and allows them to choose a payment mode that suits their financial situation.

No medical examination required: PMJJBY does not require policyholders to undergo any medical examination before purchasing the policy. This makes it easier for people with pre-existing medical conditions to avail of the benefits of the policy.

Pradhan Mantri Jeevan Jyoti Bima Yojana Online Apply

 

How to claim under PMJJBY scheme:

In case of the policyholder’s death, the nominee can claim the insurance amount by following the below-mentioned process:

The nominee should inform the bank about the policyholder’s death and submit the claim form along with the death certificate of the policyholder.
The bank will verify the claim and forward it to the insurance company for processing.
The insurance company will process the claim and credit the insurance amount to the nominee’s bank account.

Participating banks in PMJJBY scheme:

The PMJJBY scheme is available through various participating banks across India. The list of participating banks includes:

State Bank of India
Punjab National Bank
HDFC Bank
ICICI Bank
Bank of Baroda
Canara Bank
Union Bank of India
Axis Bank
IDBI Bank
Indian Overseas Bank
Bank of India
Central Bank of India
Andhra Bank
Corporation Bank
Dena Bank
Indian Bank
Oriental Bank of Commerce
Punjab and Sind Bank
Syndicate Bank
UCO Bank
United Bank of India
Vijaya Bank

The PMJJBY scheme can be applied for online through the official website of the scheme or through the internet banking portal of the participating banks. The process for applying online is simple and can be completed in a few easy steps.

Here’s how to apply for the PMJJBY scheme online:

Step 1: Visit the official website of the scheme, https://www.jansuraksha.gov.in.

Step 2: Click on the ‘Enrollment/Consent Form’ option from the menu.

Step 3: Download the enrollment form and fill in the required details such as name, address, date of birth, bank account number, and nominee details.

Step 4: Attach a self-attested copy of the Aadhaar card and a cancelled cheque of the bank account from which the premium will be deducted.

Step 5: Submit the enrollment form along with the required documents to the participating bank branch.

Step 6: Pay the premium amount through the auto-debit facility from the bank account.

In conclusion,

PMJJBY is an affordable and accessible life insurance scheme that offers financial security to the policyholder’s family in case of their death. The scheme’s low premium amount, easy enrollment process, and wide network of participating banks make it an attractive option for people from all walks of life. Additionally, the tax benefits and nomination facility provided by the scheme make it a prudent investment for anyone looking to secure their family’s financial future.

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