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PM Jeevan Jyoti Bima Yojana Form 2022 Age limit, Premium, Claim Form

PM Jeevan yojana Bima is an insurance scheme launched by the government which is renewed every year. The insurance scheme will cover the death of the payee. The scheme is a one-year insurance scheme with claims as settlement. PMJJBY Scheme is an acronym for PM Jeevan Jyoti Bima Yojana. the insurance scheme is only for death coverage of the payee and the settlement amount will be paid to the nominee.

PM Jeevan Jyoti Bima Yojana Form 2022

PM Jeevan Jyoti Bima Yojana has no investment component in it and will only cover the death of the payee. More about the scheme – PM Jeevan Jyoti Bima Yojana is for people between the age group of 18 to 50 years. The life cover in the scheme is up to 55 years of age.

The subscriber of the scheme needs to give their consent for the scheme and allow auto-debit, as the amount of the premium will be debited automatically from the account of the payee. PM Jeevan Jyoti Bima Premium under the scheme – One individual can join the scheme at one time from one saving account.

प्रधानमंत्री जीवन ज्योति बीमा योजना फॉर्म 2022

The coverage of the scheme for the entire life of the individual will be Rs. 2 lakhs. The premium accrued will be Rs. 330 per annum that is to be paid by the subscriber of the scheme. This premium is to be paid every year. In case you have a joint account, then all the holders of the account can join the scheme and give their consent, and have to pay a premium of Rs. 330 per annum per person.

Important dates – The enrolment period for 2022 is June 1st, 2022 and the subsequent year is 31st May 2022. The insurance scheme will be covered from June 1, 2022, till 31st May 2022. People who want to enroll in the scheme will have to give their auto-debit consent for the scheme by May 31, 2022.

PM Jeevan Jyoti Bima Yojana in Hindi
PM Jeevan Jyoti Bima Yojana in Hindi

PMJJBY Apply online

The premiums have been revised by the Ministry of Finance on a quarterly basis. The latest update in premium is as under-

PM Jeevan Jyoti Bima Eligibility criteria of the scheme

PM Jeevan Jyoti Bima Claim Form 2022

PMJJBY Enrolment

People who want to apply for the insurance scheme should visit their bank or LIC or other administered private insurance companies. The prosper of the scheme can pay the premium amount in full or in proportion. The renewal date for the insurance will remain June 1 of every year.

Payment method in the scheme

The premium will be auto-debited from the bank account of the holder. The subscriber of the scheme should have a saving account. When the policy is renewed, the premium will be auto-debited between May 25 and May 31.

Claim period

The insurer of the scheme does not have to settle the claim during the initial 45 days of enrolment. Death due to the accident will also be paid under the scheme.

Claim settlement

The claim will be settled by a designated officer or official of the insurance company.

PM Jeevan Jyoti Bima Form in Hindi

What steps are taken by the nominee during claim settlement?

What steps are taken by the bank during claim settlement?

  1. Completed Claim form
  2. Death certificate
  3. Discharge receipt
  4. Canceled cheque of the nominee

The bank has to forward all the information and submits the duly completed documents within 30 days to the designated insurance company.

PM Jeevan Jyoti Bima Application Form

What steps are taken by the insurance company?

The steps taken by the insurance companies are as under-

PMJJBY Application Forms 2021
PMJJBY Application Forms 2022

In case the nominee has submitted the claim form and all the necessary documents directly to the insurance company, then the designated insurance company will forward the details and communicate with the bank of the deceased.

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