Contact us

To Buy: 1800-258-5899 (9:30 AM to 6:30 PM)


For Existing Policy: 1800-103-0003/ 1800-180-0003/ 1800-891-0003



Locate Branch

Search Button
Pradhan Mantri Jeevan Jyoti Bima Yojna

Pradhan Mantri Jeevan Jyoti Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojna

Ensure a secure financial future for your loved ones

Meet Advisor Meet our Advisor
Pradhan Mantri Jeevan Jyoti Bima Yojna

Meet our Advisor

About Pradhan Mantri Jeevan Jyoti Bima Yojana


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

Why Buy

The dreams and aspirations of your loved ones depend on you. Hence it is important to protect these dreams in the time to come, even if you are not around. 'With Canara HSBC Life Insurance Pradhan Mantri Jeevan Jyoti Bima Yojana', you can now ensure the same at an affordable cost.

  • Family protection at an affordable cost of upto Rs. 436 per annum
  • No hassle of medicals
  • Easy payment of premiums - To be auto-debited from saving account

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 Yojana 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.

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 enrol for this Scheme by filling up the Member enrolment 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 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 enrol with a delay in case pro-rata 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 30 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 30 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.
  • Entry Age

Minimum (as on last birthday)

18 years

Maximum (nearest birthday)

50 years

Max. age on maturity (nearest birthday)

55 Years

  • Policy Term
    One Year Renewable
  • Premium Amount
    Up to Rs. 436/- per annum
Sum Assured

2,00,000/- (2 lakhs only)

Share your Valuable Feedback


Average Rating

Was the Information Helpful?

Very Good
Online Plans Pay Premium Get a Call Contact Us