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