PM Jeevan Jyoti Beema Yojana

Pradhan Mantri Jeevan Jyoti Beema yojana (PMJJBY)


About Scheme:

In the budget announcement 2015-2016, the Finance Minister announced the launch of the social security program with the underprivileged and poor as its target audience. This scheme will be implemented by banks working with Insurance Companies/ PFRDA. Conforming to the directives of Govt. Our bank has signed an MOU with Star Union Dai-ichi Life Insurance Co Ltd. (SUD Life) to provide PMJJBY.

Basic Features:-

Type of Plan: Group Term Insurance Plan tied to Saving Bank Account
Insurance Company - M/s. SUD Life Insurance. Co.Ltd
Minimum Entry Age: 18 years; Maximum: 50 years
Tenure of policy: One year. Renewal each year. Maximum age 55.
Sum Assured (SA), Rs. 2 Lakh
Scheme Launch Date - 1. June 2015
Coverage Period: 1st to 31st May (1 Year)

Coverage: Any cause death, claims for deaths occurring within the first 30 day after enrolment, will not be paid. This effectively means that risk coverage will only commence 30 days after the member enrolls into the scheme. However, accidental death will be exempted by this 30 day limit.

Benefits: In the event of death: - Sum Assured, and Other Case: –The scheme is Pure Term Insurance product with no maturity benefit / bonus.

Claim Procedure: The bank's website contains detailed information about the claim procedure, along with all necessary forms and a discharge receipt.

Details about the scheme:
• The plan will provide a one-year coverage that can be renewed each year.
• Insurance Scheme that provides life insurance coverage for any cause of death
• SUD Life Co Ltd would offer the scheme and administer it.


• All participants banks account holders aged 18-49 years old with savings bank accounts will be eligible to join.
• If a person has multiple savings accounts in different banks, he or she would only be eligible to join the scheme via one savings account.
• Aadhaar will be the primary KYC to the bank account. It is not required for enrollment in the scheme.
• This scheme covers the subscriber in addition to any other insurance plan.



How to invest in Investment Schemes via has made investment extremely easy, even for new investors. One can invest in various investment schemes by following the 7 steps below:
1. Tell us what you’re looking for
2. We find the best advisor or source in your area
3. You connect with the local advisor of your area
4. Need based Financial Planning & Presentation to identify your financial goals
5. Free guidance to pick the right kind of schemes depending on your goals
6. Guidance on Documentation (KYC), Verification and Completion of Proposal
7. Support system for post investment queries and difficulties, if any


KYC Required to Invest in Investment schemes

Know Your Customer, commonly referred to as KYC, enables banks and financial institutions to verify the identity of their customers. You only need to do this once as a first-time investor. A KYC form will include identity, address, financial status, occupation, and demographic information.




Why to invest in Investment Schemes with

• Instant investment solution within few minutes   • Huge Network of Local Advisors   • Lowest Price Guaranteed
• Guaranteed Claim Assistance   • No Commission for matching Advisor   • 24*7 Online Digital Support




Just fill our enquiry form or give us your name, phone number, and email address. We'll help you get started in minutes!




NOTE: As this is a Govt. of India scheme, customers are advised to visit National Savings Institute website for latest instructions/ modification in the scheme.

Contact With Agent


Buy Now


We’re here to help. Call, Chat or Arrange Callback. Our advisors will help to choose right product for you