- How to Download PMJJBY Certificate?
- Features of PMJJBY
- PMJJBY Eligibility Criteria
- PMJJBY Registration Procedure
- How to Check PMJJBY Policy Status?
- How to Raise a Claim for PMJJBY?
- How to Check PMJJBY Claim Status?
- How to Download the Pradhan Mantri Jeevan Jyoti Bima Yojana Certificate from SBI?
- How to Download the Pradhan Mantri Jeevan Jyoti Bima Yojana Certificate from the Bank of Baroda?
- How to Download the Pradhan Mantri Jeevan Jyoti Bima Yojana Certificate from the Bank of India?
- Frequently Asked Questions
How to Download PMJJBY Certificate?
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an affordable life insurance program initiated by the government and was first introduced in 2015. Its purpose is to provide life insurance to individuals of all income levels. To download a PMJJBY policy certificate, the process may vary slightly depending on the bank and its interface. Following are the generic steps to download PMJJBY Policy Certificate:
- Ensure that you have access to Internet banking services for your account.
- Log in to your online banking.
- Navigate to the insurance menu and select ‘social security plans.’ Under this section, choose the option for Pradhan Mantri Jeevan Jyoti Bima Yojana.
- Select the type of transaction you wish to make. Choose UID and enter your Aadhaar number to verify your identity. Depending on the bank, you may also need to provide additional details such as your name, date of birth, nominee, bank name, account number, and Aadhaar number.
- Once you have provided the necessary information, you may be prompted to select the “Declaration of Good Health” option.
- After completing your PMJJBY registration, you will be redirected to a website where you can view the details of your policy.
- Click on the customer id and save. Download the PMBJJY Certificate of Insurance.
Features of PMJJBY
The PMJJBY policy is considered a comprehensive insurance program designed for lower-income individuals. The following are the features of the scheme:
- Lump sum death benefit: In the event of the insured person’s unexpected demise, a death benefit of Rs. 2 lakhs will be provided to the nominee(s) specified by the insured at the time of policy purchase.
- Coverage duration: The policy provides coverage for a duration of one year, starting from June 1st of the current year to May 31st of the following year. It is renewable annually, allowing individuals to continue their coverage until they reach 55 years of age.
- Automatic premium deduction: The premium amount for the policy will be automatically deducted from the associated bank account from June 1st of each year to May 31st of the subsequent year.
- Aadhaar verification: The primary method of identity verification for the PMJJBY policy is using the Aadhaar card.
- Single savings account registration: Individuals can register for a PMJJBY life policy with only one savings account, even if they have multiple accounts.
PMJJBY Eligibility Criteria
To be eligible for the PMJJBY coverage, the following criteria must be met:
- Age limit: Applicants must be between 18 and 50 years of age. While most policies cover individuals up to age 55, it is advisable to check the specific terms and conditions.
- Required documents: To facilitate automatic premium deductions, applicants need to possess an Aadhaar card and have a banking or postal service account.
- Active bank account: The individual should have an active savings bank account with any of the participating banks. Many private and public sector banks offer the PMJJBY scheme in collaboration with insurance companies.
- Bank account balance: It is important to maintain a sufficient balance in the bank account, as the premium amount will be debited automatically through the auto-debit facility.
PMJJBY Registration Procedure
The following are steps to register for PMJJBY online:
- First check, if your bank supports PMJJBY.
- Visit your bank’s website and log in using your internet banking credentials.
- Navigate to the ‘insurance’ tab, under the ‘social services programs’, and select, ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’
- Provide the necessary details
- Select the bank account to link with your PMJJBY policy.
- Annual deductions will be automatically made from this account.
Alternatively, you can open a PMJJBY account offline by visiting the nearest post office.
How to Check PMJJBY Policy Status?
Follow the below steps to check your PMJJBY policy status:
Log in to your internet banking account
On the PMJJBY section of the website, enter your registration details and click the submit button to view the policy status.
How to Raise a Claim for PMJJBY?
The following steps will guide you on how to raise the PMJJBY claim:
- Inform the insurance company and bank: The nominee should inform the insurance company and the bank of the policyholder’s death and initiate a claim under PMJJBY. This can be done through a phone call or email to the insurer’s customer care.
- Documents: You need to submit the following documents for raising the claim:
- Policyholder’s death certificate
- Original policy document
- Identity proof of the nominee/legal heir
- Bank account details of the nominee/legal heir.
- Discharge form: The nominee or legal heir must sign and submit the discharge form, attested by a gazetted officer or a bank manager.
- Claim submission: Submit the discharge form, original death certificate, and policy document to the nearest insurance company branch within 30 days of the policyholder’s demise.
- Claim processing: The company will verify the documents and process the claim. The claim amount will be credited to the heir’s bank account if approved.
How to Check PMJJBY Claim Status?
You can check the PMJJBY claim status online by logging into your internet banking account. Under the PMJJBY section, you can track the claim status. Alternatively, you can also directly talk to your insurance agent or bank relationship manager for an update on the claim status.
How to Download the Pradhan Mantri Jeevan Jyoti Bima Yojana Certificate from SBI?
The following steps will help you download the PMJJBY policy certificate from SBI:
- Visit the SBI Life website.
- Under the login tab, select the Group Customer option.
- Next, select the product type as PMJJBY COI
- Choose the bank name that you used to register for the PMJJBY.
- Fill in all the relevant details like account number and date of birth, enter the Captcha and Click on Submit to proceed.
- Click on the customer ID to download the SBI PMJJBY.
How to Download the Pradhan Mantri Jeevan Jyoti Bima Yojana Certificate from the Bank of Baroda?
The following steps will help you download the PMJJBY certificate from the Bank of Baroda:
- Log in to your Bank of Baroda internet banking account and click on the ‘Insurance Tab’
- Next, select the product PMJJBY.
- Verify your details and download the certificate.
How to Download the Pradhan Mantri Jeevan Jyoti Bima Yojana Certificate from the Bank of India?
The following steps will help you download the PMJJBY policy certificate from the Bank of India:
- Log in to your Bank of India Internet banking account.
- Under the Insurance section, select the product PMJJBY.
- Verify your details to download the PMJJBY certificate.
Frequently Asked Questions
The PMJJBY is a renewable one-year Term Life Insurance Scheme that provides life insurance coverage for death due to any cause.
The premium for the scheme will be deducted annually from the account holder’s bank or Post Office account through the “auto debit” facility. The deduction will be made in a single instalment each year, based on the consent given during enrollment.
The scheme will be administered by the Life Insurance Corporation of India (LIC) and other life insurance companies that are willing to offer the product on similar terms in participating Banks/Post Offices. Participating banks can collaborate with any life insurance company of their choice to implement the scheme for their subscribers.
Yes, eligible individuals who did not join the scheme in the first year can still enrol in subsequent years by paying the premium through auto-debit. New eligible entrants in future years can also join accordingly. However, for such subscribers, insurance benefits will not be available for death (excluding accidents) occurring within the first 30 days from the date of enrollment.
Yes, individuals who exit the scheme at any point can re-join in future years by paying the pro-rata premium and meeting the age eligibility criteria. However, for such subscribers, insurance benefits will not be available for death (excluding accidents) occurring within the first 30 days from the date of re-enrollment.
Yes, NRIs with eligible bank accounts with a bank or Post Office branch located in India are eligible to purchase PMJJBY cover, provided they fulfil the terms and conditions of the scheme. However, in the event of a claim, the benefit will be paid to the beneficiary/nominee only in Indian currency.
Yes, PMJJBY covers death resulting from any reason, including natural calamities such as earthquakes, floods, and other convulsions of nature. The scheme provides coverage for death due to any cause.