IDFC FIRST Bank Pradhan Mantri Insurance Solutions

Avail Insurance Cover through your Savings Bank Account

Pradhan Mantri Insurance
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Social Security Schemes under PM Jan-Dhan Yojana
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Life cover of ₹ 2 lakh
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Accident cover of ₹ 2 lakh
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Available only to savings bank account holders

Pradhan Mantri Surakhsa Bima Yojna

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


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Pradhan Mantri Jeevan Jyoti Yojna

Eligibility: Savings Bank (SB) Account holders between 18 years (completed) and 50 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. 330 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-assured) under the scheme is Rs. 2 Lakh. payable on insured's death for any reason, to the nominee




Download Pradhan Mantri Jeevan Jyoti Yojana Policy Wordings Brochure
Download Pradhan Mantri Jeevan Jyoti Yojana Policy Wordings




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Frequently Asked Questions

What is the pradhan mantri jeevan jyoti bima yojana?

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.

What would be the benefits under Pradhan Mantri Jeevan Jyoti Bima Yojana?

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.

How will the premium be paid?

We will debit the premium from your savings bank account through 'auto debit' facility.

Who would be the Administrator and Master Policy holder for the Pradhan Mantri Jeevan Jyoti Bima Yojana taken though IDFC FIRST Bank?

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.

Am I eligible to subscribe for Pradhan Mantri Jeevan Jyoti Bima Yojana?

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).

What is the enrolment period for Pradhan Mantri Jeevan Jyoti Bima Yojana

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.

What can be other reasons for termination of the assurance on life of the member under Pradhan Mantri Jeevan Jyoti Bima Yojana through IDFC FIRST Bank?

The assurance on the life of the member shall terminate / be restricted accordingly on any of the following events:

  • On attaining age 55 years, subject to annual renewal up to that date (entry, however, will not be possible beyond the age of 50 years).
  • Closure of savings account with IDFC FIRST Bank
  • Insufficiency of balance in the IDFC FIRST Bank savings account at the time of renewal.

Will this cover under Pradhan Mantri Jeevan Jyoti Bima Yojana be in addition to cover under any other insurance scheme the subscriber may be covered under?

Yes.

How can I apply for Pradhan Mantri Jeevan Jyoti Bima Yojana through IDFC FIRST Bank?

Please contact your relationship manager/banker to apply for Pradhan Mantri Jeevan Jyoti Bima Yojana . Click here to connect with

us.

What is the claim procedure for Pradhan Mantri Jeevan Jyoti Bima Yojana?

The Nominee should take the following steps:

  • Collect the Claim Form and Discharge receipt from IDFC FIRST Bank or HDFC life or http://www.jansuraksha.gov.in/
  • Submit duly completed Claim Form, Discharge Receipt, death certificate along with photocopy of the cancelled cheque of the nominee's bank account (if available).

What are the terms and conditions for Pradhan Mantri Jeevan Jyoti Bima Yojana?

  • Your personal details, regarding admission into the Pradhan Mantri Jeevan Jyoti Bima scheme will be shared with HDFC Standard Life Insurance Company Limited, subject to correctness of information provided regarding eligibility and receipt of consideration amount.
  • If any information provided by you is found to be untrue, the membership to the scheme shall be treated as cancelled from the date of joining the scheme and premium paid in respect thereof shall stand forfeited.
  • By giving consent to the scheme via Physical form, SMS, Email, electronic consent forms in Tab/Micro ATM authenticated by Debit Card PIN/biometric, you agree to abide by Pradhan Mantri Jeevan Jyoti Bima Yojana Scheme rules as mentioned in http://www.jansuraksha.gov.in/ and the terms & conditions of the scheme as mentioned above.

What is the period of coverage?

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.

Which Insurance company’s policy would I be enrolling for?

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.

Can I enrol for multiple policies under this scheme through different banks where I have savings accounts?

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.

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REGISTERED office:

IDFC FIRST Bank Ltd

KRM Tower, 7th Floor, No. 1,
Harrington Road, Chetpet,
Chennai - 600031, Tamil Nadu,
India

Corporate office:

IDFC FIRST Bank Ltd

Naman Chambers,
C-32, G-Block,
Bandra-Kurla Complex,
Bandra East, Mumbai - 400051,
India

IDFC FIRST Bank Customers

Toll Free No - 1800 419 4332
Email - Banker@idfcfirstbank.com

Capital First Customers

Toll Free No - 1860 500 9900
Email - Customer.Care@Capitalfirst.Com

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