The premium will be deducted from the account holder’s bank / Post office account through ‘auto debit’ facility in one instalment, as per the option given, at the time of enrolment under the scheme.

PMJJBY is a one-year cover, stretching from 1st June to 31st May. The cover is renewable from year to year.

Yes, delayed enrolment for prospective cover is possible with payment of pro-rata premium as described below - a) For enrolment in June, July and August – Full Annual Premium of Rs.330/- is payable. b) For enrolment in September, October, and November – pro rata premium of Rs. 258/- is payable c) For enrolment in December, January and February – pro rata premium of Rs. 172/- is payable. d) For enrolment in March, April and May – pro rata premium of Rs. 86/- is payable. Lien period of 30 days shall be applicable from the date of enrolment.

Insurance Premium to LIC /other insurance company: Rs.289/- per annum per member; Reimbursement of Expenses to BC/Micro/Corporate/Agent : Rs.30/- per annum per member; Reimbursement of Administrative expenses to participating Bank: Rs.11/- per annum per member.

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 2021.

The scheme would be offered / administered through LIC and other Life 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 life insurance company for implementing the scheme for their subscribers.

All savings bank account holders in the age 18 to 50 years in participating banks will be entitled to join. In case of multiple saving bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one savings bank account only.

Participating Banks will be the Master policy holders. A simple and subscriber friendly administration & claim settlement process shall be finalized by LIC / chosen insurance company in consultation with the participating bank.

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.

Yes, all these events are covered as PMJJBY covers death due to any reason.

For subscribers enrolling for the first time on or after 01st June 2016, insurance benefit shall not be available for death (due to any cause other than accident) occurring during the first 45 days from the date of enrolment into the scheme. Death due to accidental causes will be covered from day one of insurance coverage.

Yes, on payment of premium through auto-debit and submission of a self-certificate of good health. New eligible entrants in future years can also join accordingly.

The claim forms can be accessed from the link - https://www.jansuraksha.gov.in/Files/PMJJBY/English/ClaimForm.pdf