Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
The Government of India has Launched "Pradhan Mantri Jeevan Jyoti Bima Yojana" providing Life insurance cover for Rs.2 Lacs per person in case of death due to any reason.
Age Eligibility: 18 to 50 years on the date of enrollment.
Aadhar Card is primary Document.
Nominee is compulsory.
The account holder has to authorize to debit SB Account of Rs.330/- per annum to join the scheme. The first Enrollment period will be from 1-6-2015 to 31-8-2015 or as extended by the government. The account holder can enroll after the enrollment period also on submission of self declaration of good health and on payment of annual premium.
The insurance will be terminated on attaining age of 55 years, Closure of Account, Insufficent balance in the account. To keep in force Bank shall remit the premium on or before 30 th of June every year for renewal.
The claim will be settled on receipt of death certificate from the bank.Amount will be paid to the bank account of the nominee.
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
This is a Personal Accident Insurance policy covering all Savings Bank account holder between age 18 to 70 years.
In case of multiple savings bank account held by an individual in one or different banks, the person would be eligible to join this scheme through one savings bank account only for insurance coverage.
Age of eligibility : 18 years to 70 years
1. Aadhar card is primary document
2. Nominee is compulsory.
Insurance will be terminated on attaining age of 70 years on annual renewal date, Closure of account with the bank or insufficient balance in account. To keep in force bank shall remit the premium on or before 30th May every year for renewal.
The first phase of enrolment will be upto 31.5.2015, extendable upto 31.8.2015 for policy starting from 1.6.2015.
The Claim will be settled on receipt of original FIR, postmortem report and death certificate. For disability claim certificate from a Civil Surgeon is necessary.
For further details contact any of our Branches.