Question: Tell me about the Pradhan Mantri Jeevan Jyoti Bima Yojana scheme.

Answer: **Eligibility:** stipulated in the Scheme. Who will offer / administer the scheme?The scheme would be offered / administered through
Insurance companies willing to offer the product with necessary approvals on similar terms, in collaboration with participating Banks.
Participating banks will be free to engage any such insurance company for implementing the scheme for their subscribers.What is the
minimum eligibility to subscribe to PMJJBY? All savings bank account holders in the age 18 to 50 years in participating banks will be
entitled to join. In case of multiple bank accounts held by an individual in one or different banks, the person would be eligible to join the
scheme through one saving bank account only.Who would be the Master policy holder for the scheme? Participating Banks/ Post Offices
will be the Master policy holders. Are NRIs eligible for coverage under PMJJBY?Any NRI having an eligible bank account with a bank
branch located in India is eligible for purchase of PMJJBY cover subject to fulfilment of the terms and conditions relating to the scheme.
However, in case a claim arises, the claim benefit will be paid to the beneficiary/ nominee only in Indian currency.Does the PMJJBY
cover death resulting from natural calamities such as earthquake, flood and other convulsions of nature? What about coverage from
suicide / murder?Yes, all these events are covered under PMJJBY.What are the changes in the terms of insurance coverage applicable to
new subscribers?For subscribers enrolling for the first time on or after 1st June 2016, insurance benefit shall not be available for death
(due to any cause other than accident) occurring during the first 30 days from the date of enrolment into the scheme. Death due to
accidental causes will be covered from day one of insurance coverage.How do I access the Claim Form for PMJJBY?The claim forms
can be accessed from the link - https://www.jansuraksha.gov.in/Files/PMJJBY/English/ClaimForm.pdf Sources And
ReferencesGuidelinesOkWas this helpful?News and UpdatesNo new news and updates availableShareSomething went wrong. Please try
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you have already initiated your application earlier.To know more please visit CancelApply NowMinistry Of
FinancePradhan Mantri Jeevan Jyoti Bima YojanaClaim FormConsentJansurakshaLICDetailsBenefitsEligibilityApplication
ProcessDocuments RequiredFrequently Asked QuestionsPradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an insurance scheme
offering life insurance cover for death due to any reason. It is a one-year cover, renewable from year to year. The scheme is offered by
banks/post offices and administered through life insurance companies. All individuals who are account holders of participating banks/
post office in the age group of 18 to 50 years are entitled to join. OkWas this helpful?ShareNews and UpdatesNo new news and updates
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