Avail Insurance Cover through your Savings Bank Account
Eligibility: Savings Bank (SB) Account holders between 18 years (completed) and 70 years (age nearer birthday) who give their consent to join / enable auto-debit, as per the modality, will be enrolled into the scheme.
Premium: Rs. 12 per annum
Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available.
Risk Coverage: Total coverage (sum-insured) under the scheme is Rs. 2 Lakh
The Pradhan Mantri Jeevan Jyoti Bima Yojana is a low cost insurance policy designed to provide affordable life insurance coverage to all. It is a one year life insurance scheme, renewable every year, offering coverage for death due to any reason.It is available to people between 18 years (age as of last birthday) to 50 years (age nearest birthday) having a savings bank account.
Rs.2 lakhs is payable on a subscriber's death due to any reason. This policy is a pure cover of the risk of death only.
We will debit the premium from your savings bank account through 'auto debit' facility.
HDFC Life will be the administrator and IDFC FIRST Bank will be the Master Policy Holder for policies taken by Savings bank account holders of IDFC FIRST Bank.
You will be eligible if you have a savings bank account with IDFC FIRST Bank and are between 18 years (completed) and 50 years (age nearer birthday).
The subscribers can enrol for Pradhan Mantri Jeevan Jyoti Bima Yojana till 31stMay 2016. Enrolment is possible on payment of full annual payment. If you enrol for the policy now, the coverage will be till May 31st, 2016. On renewal before 31stMay of any year, you will get coverage for one year starting June 1st.
The assurance on the life of the member shall terminate / be restricted accordingly on any of the following events:
Please contact your relationship manager/banker to apply for Pradhan Mantri Jeevan Jyoti Bima Yojana . Click here to connect withus.
The Nominee should take the following steps:
If you enrol for the policy now, the coverage will be till May 31st, 2016. On renewal before 31st May of any year, you will get coverage for one year starting June 1st.
IDFC FIRST Bank has entered into an arrangement with HDFC Life to offer this scheme to you; hence you will enrol for the policy from HDFC Life.
You can enrol only through one Bank and you will be entitled to get the claim for only one policy even if you hold multiple policies. If you purchase the policy through multiple Banks the insurance cover will be restricted to one and the extra premium paid can be forfeited by the Banks.