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    PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana

    Non-linked, Non-Participating, One Year Renewable Term Insurance | UIN: 117G094V01

    Launched by the government to protect its citizens, the PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana is a non-linked, non-participating, one-year renewable term insurance product designed to meet all the life insurance coverage requirements.

    PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana in a nutshell
    • Protection at nominal cost
    • Straight through processing, no medicals required
    • Ease of enrolment, simplified proposal form

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    What you get

    PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana ensures:
    • Protection at nominal cost
    • Straight through processing, no medicals required
    • Ease of enrolment, simplified proposal form

    What you don’t get

    Frequently Asked Questions

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    What is PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana?

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    This is a non-linked, non-participating, one year renewable term insurance product. This product has been designed to meet the life insurance coverage requirements under the provisions of “Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)” scheme launched by Government of India.

    What are the key Benefits of this plan?

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    • Protection at nominal cost
    • Straight through processing, no medicals required
    • Ease of enrolment, simplified proposal form

    What are the Product Benefits of this plan?

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    Death Benefit

    In the unfortunate event of the death of the insured member during the period of cover, the sum assured will be paid. Death due to any clause is covered (including suicide) under this product.

    A Death Benefit of Rs. 200,000 shall be payable to the nominee /beneficiary or legal heir on the death of the Insured member during the policy term and subject to the following:

    1. Death Benefits payable under PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) across all bank accounts and insurance companies for any insured member shall not exceed Rs. 200,000.
    2. In case a member is covered with multiple insurers through a single or multiple bank accounts and premium is received in respect of all covers, the insurance cover will be restricted to Rs. 200,000 (Rupees two lakhs) by admitting the claim on the first application based on the date of enrolment. In case, a death claim has already been settled by any other insurer in respect of any insured member, PNB MetLife shall not have any liability to admit any claim on the member and shall forfeit the premium(s) received in respect of the said deceased member.

    What is the Waiting Period for this plan?

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    The Company will not be liable to make Benefit payment under the policy if the death occurs during a waiting period of 45 days for reasons other than accident.

    Waiting period applies at individual member level from the member’s date of joining. The waiting period applies only once upon 1st time enrolment in the scheme from any insurer and is not re-imposed again upon continuous renewal of cover.

    What is the eligibility criteria for PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana?

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    Particulars

    Boundary Conditions

    Age at entry

    Minimum: 18 years (age last birthday)
    Maximum: 50 years (age nearer birthday)

    Maximum maturity age

    55 years (age nearer birthday)

    Policy term

    1 year, on yearly renewable basis

    Sum assured

    Rs.200,000

    Premium amount

    Rs. 330 per Annum per member

    Type of Cover

    Voluntary participation, based on good health declaration

    Maturity/Surrender

    No benefits payable

    How can I buy PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana?

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    Disclaimer:

    AD-F/2020-21/00339

    Need to know more about PNB MetLife Pradhan Mantri Jeevan Jyoti Bima Yojana?

    Disclaimer

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    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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