About the Plan

In line with the Government of India's drive to extend affordable insurance coverage for all Indians , Canara HSBC Oriental bank of Commerce Life Insurance Company Ltd. presents the Pradhan Mantri Jeevan Jyoti Bima Yojna . This is a non-participating, non-linked, group term insurance plan which provides life insurance coverage to protect your family in case of a unfortunate death without any hassle.

Parameters Description
Min. Age at entry 18yrs (as on last birthday)
Max. Age at entry 50yrs (nearest birthday)
Max age on maturity 55 yrs (nearest birthday)
Policy Term One Year Renewable
Sum Assured Rs. 2,00,000/- ( Two Lakhs Only )
Premium Amount Rs.330/- per annum
  • WHY BUY

    The dreams and aspirations of your near and dear ones depend on you. Just as important it is for you to work towards fulfilling them is for you to ensure the fulfillment of those plans even if unfortunately you are not there. With Canara HSBC Oriental bank of Commerce's Pradhan Mantri Jeevan Jyoti Bima Yojna, you can now ensure the same at an affordable cost.

    • Get life insurance cover for the cheapest premium
    • No hassle of medicals
    • Easy payment of premiums - To be auto-debited from saving account
  • BENEFITS

    Death Benefit:
    Sum Assured amount is paid in case of unfortunate death of the member during the period of cover.
    Please note that the total life cover of the member under Pradhan Mantri Jeevan Jyoti Bima Yojna cannot be more than 2 lacs even if the applicant has been insured under this scheme from multiple banks / life insurance companies.

    Surrender /Maturity Benefit:
    There is no surrender/maturity benefit in this scheme.

  • HOW IT WORKS

    Step 1:

    The plan will be offered to eligible individual bank account holders of Canara Bank. In case of multiple bank accounts held by you in one or different banks, You would be eligible to join the scheme through one bank account only. You can enroll for this Scheme by filling up the Member enrollment form through Canara Bank.

    Step 2:

    The premium amount will be auto-debited from your savings account linked with the scheme. Aadhar will be the primary KYC.

    Step 3:

    In case of the death of the member, the nominee should raise claim for the same with designated Canara Bank branch or with Canara HSBC Oriental Bank of Commerce Life insurance company.

    Kindly note the following:-


    • The cover shall be for the one year period starting 1st June to 31st May for which option to join / pay by auto-debit from the designated individual bank account on the prescribed forms will be required to be given by 31st May of every year.
    • It is possible to enroll with a delay in case full annual premium is paid by the member for his/her prospective cover. For subscribers enrolling for the first time on or after 1st June, insurance cover shall not be available for death (other than due to accident) occurring during the first 45 days (Lien Period) from the date of enrolment into the scheme (lien period) and in case of death (other than due to accident) during lien period, no claim would be admissible.
    • Individuals who exit the scheme at any point may re-join the scheme in future years. The exclusion of insurance benefits during the lien period shall also apply to subscribers who exit the scheme during or after the first year, and rejoin on any date on or after 01st June. In future years, new entrants into the eligible category or currently eligible individuals who did not join earlier or discontinued their subscription shall be able to join while the scheme is continuing subject to the 45 days lien period described above.
    • The above mentioned rules and premium amount are subject to change from time to time as per the changes made by the Government of India in the PMJJBY Scheme Rules.
  • BROCHURE & PDFs

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Claims Process

  • Step1: Claim Intimation & Registration
  • Step2: Fund Value Disbursement & Documentations
  • Step3: Processing & Settlement
Know more

Claims Process

  • Step1: Claim Intimation & Registration
  • Step2: Fund Value Disbursement & Documentations
  • Step3: Processing & Settlement
Know more

Get a Call Back

*
*
*

I agree that even if my contact number is registered with NDNC/NCPR, I would still want the Company to contact me on the given number for the clarifications/product information sought by me.