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Pradhan Mantri Insurance

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a national mission for financial inclusion to ensure access to financial services, namely, savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner to the excluded sections i.e. weaker sections & low-income groups.

The Pradhan Mantri Health Insurance schemes are a low-cost insurance policy designed to provide affordable life insurance coverage to all. There are two types of Pradhan Mantri Health Insurance schemes – Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana. Both of these are linked directly to the savings bank account and thus, the premium for either Pradhan Mantri life insurance will be auto-debited from there itself.

Pradhan Mantri Suraksha Bima Yojana (PMSBY) has a coverage period from 1st June to 31st May, annually. The risk coverage under PMSBY insurance is ₹2 lakhs for accidental death and full disability. The Pradhan Mantri insurance yojana also covers partial disability with ₹1 lakh. Read More

Pradhan Mantri Jeevan Jyoti Bima Yojana purely covers death due to any reason. This Pradhan Mantri insurance scheme provides a coverage of ₹2 lakhs, which is payable to the subscribers’ nominee. The cover shall be for one year starting from June 1 to May 31 of next year.Read Less

OUR SOLUTIONS

Get Pradhan Mantri Insurance with/through IDFC FIRST Bank

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Pradhan Mantri Suraksha Bima Yojana

    Copy: Get this Pradhan Mantri Health Insurance through IDFC FIRST Bank today! The PMSBY scheme offers the following benefits –

    Risk Coverage: Accident Insurance Scheme offering accidental death and disability cover on account of an accident. The total cover under the scheme is ₹2 Lakh. The cover shall be for one year, stretching from 1st June to 31st May.

    Premium: ₹12 per annum

    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 this Pradhan Mantri insurance scheme.

    Payment Mode: The premium will be directly auto-debited by the bank from the subscribers’ account.

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Pradhan Mantri Jeevan Jyoti Bima Yojana

    Copy: This Pradhan Mantri Health insurance plan offers various benefits, such as –

    Risk Coverage: Life Insurance Scheme offering death cover, due to any reason. The total cover under the scheme is ₹2 Lakh. The cover shall be for one year starting from June 1 to May 31 of next year.

    Premium: ₹330 per annum

    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 this Pradhan Mantri life insurance scheme.

    Payment Mode: The premium will be directly auto-debited by the bank from the subscribers’ account.

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 under this Pradhan Mantri Health Insurance scheme.

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.