A yearly renewable life policy, Pradhan Mantri Jeevan Jyoti Bima Yojana is available to anyone with a savings bank account. The plan provides customers with a life cover through a simple and quick process.
Reasons to buy Pradhan Mantri Jeevan Jyoti Bima Yojana
- Provides a life insurance cover at an affordable standard rate
- Protect your family with a life cover of INR 2,00,000 in case of unforeseen events
- Save your time through this simple process with minimum documentation
- Kickstart your cover with “over the counter” issuance
- Ease the process of renewal with auto debit of the premium from your bank account
- No maturity benefit
- Avail tax benefits under Section 80 C and Section 10 (10D) as per prevailing Income Tax Laws
What are the eligibility criteria?
- Minimum age at entry is 18 years and maximum age at entry is 50 years
- Maximum age at maturity is 55 years