Key Features of Pradhan Mantri Jeevan Jyoti Bima Yojana

Here are the features of Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana:

Group Life Insurance

Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana is a group life insurance cover.

Affordable Premiums

The premium for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana is only ₹330 per member per year. Being a group life insurance plan allows it to provide insurance facilities at a minimal and affordable cost.

Fixed Sum Assured

This policy comes with a fixed sum assured of ₹2 lakhs per member.

Yearly Renewal

The cover under this plan is for one year. The premium is annual and the policy is automatically renewed each year after the payment of the premium.

Enrolment After 18 Years

All persons above the age of 18 years and having a savings bank account are eligible for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana.

Simple KYC

Aadhaar acts as the KYC for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana.