Features
Premium: Rs.436/ per annum per member
Substantial Coverage: Life cover of Rs. 2 lakhs
About PMJJBY
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme in India, aimed at providing life insurance cover to the masses at an affordable cost. This scheme is part of the Indian government's initiative to bring affordable life insurance to the underserved and unbanked sections of society. At Equitas, we are proud to facilitate this important initiative, ensuring that more people can access this vital financial safety net.
Steps for Enrollment
Link Bank Account: Easily link your bank account
Form Submission: Fill and submit enrollment form
Documentation: Provide necessary documents
Auto Renewal: Opt for automatic renewal
Eligibility Criteria
Minimum Entry Age
18 years (age as per latest birthday)
Maximum Entry Age
New member: 50 years (as per latest birthday) Renewals: 54 years (age as per latest birthday)
Minimum Maturity Age
19 years (age as per latest birthday)
Maximum Maturity Age
55 years (age as per latest birthday)
Sum Assured
Rs.2 Lakhs
Premium Frequency
Annual^^
First premium is payable depending upon date of joining the scheme as shown below:
PMJJBY
New Slab
New Slab
Months
Total Premium (INR)
Partner Premium (INR)
Commission (INR)
June, July, August
436
395
41
September, October, November
342
309
33
December, January, February
228
206
22
March, April, May
114
103
11
^ Premium is exclusive of Taxes and Other Levies (if applicable) The renewal premium payment shall be payable on Annual Frequency. Please note that the premium shown here is the new revised premium effective 1st June, 2022. The old premium is no longer applicable.
^^For enrolments after 1st June, the first premium shall be pro-rated based upon date of joining the scheme.
Disclaimer
Equitas Small Finance Bank Limited, having office at 4th Floor, Spencer Plaza, No. 769, Phase II, Anna Salai, Chennai - 600002, Tamil Nadu, is an authorized Corporate Agent of HDFC Life insurance Company Limited with IRDAI Registration number – CA0332 & merely acts on a non-risk participation basis and the underlying risk shall be underwritten by the respective insurer. The purchase by a bank’s customer of any insurance products is purely voluntary, and is not linked to availing any other facility from the bank. Details of commission, which Equitas Small Finance Bank Limited is eligible to earn on the sale of Insurance products in its capacity as corporate agent is provided below. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
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