Prices Increasing soon Prices Increasing Soon

Clarity Required on Pradhan Mantri Jan Dhan Yojana – LIC

Life insurance cover of Rs 30,000 launched under the Pradhan Mantri Jan Dhan Yojana needs some modalities to get sorted out on the premium payment and claim payment. For the clarity on the administration of the scheme and collection of premiums, LIC had a meeting with finance ministry officials. The clarification is expected within next 2-3 days as per a senior LIC official. LIC is to provide the cover to the people who will open bank accounts by January 26, 2015 under the financial inclusions scheme.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Under the Jan Dhan scheme, about 25 million bank accounts have been opened and many will be eligible for life cover by LIC of Rs. 30,000.

Aam Admi Bima Yojna (AABY), administered by LIC is a social security scheme that would execute the process of claim settlement. AABY includes member falling in the age group of 18-59 years. Also, the member needs to be the head of the family or identified by the vocational group as marginally above the poverty line or an earning member of the below poverty line family.

For a cover of Rs 30,000, a premium of Rs 200 will be charged initially out of which 50% is funded by the Social Security Fund. And the remaining 50% for Rural Landless Household is borne by the state government or union territory. The nodal agency and / or member and / or state government / Union territory are responsible to borne the remaining 50 % in case of other occupational group.

On august 28, when the Jan Dhan scheme was officially launched, Prime Minister Narendera Modi announced about the life cover which was initially not the part of the scheme. Under the scheme, individuals will also get an accident insurance cover of Rs. 1 lakh

Different types of Plans

Premium By Age

Life insurance articles

  • Recent Article
  • Popular Articles
09 Aug 2023

What High Net Worth Individuals (HNIs) Do To Secure Their...

High net worth individuals often opt for life insurance plans to

Read more
28 Jun 2023

A Review Of ICICI Prudential Life Insurance

“Policy Bazaar insurance clarified the term policy for me, so

Read more
27 Jun 2023

A Review Of HDFC Life Insurance

“I recently bought an HDFC term plan and it is the best

Read more
20 Jun 2023

Best Life Insurance Policy in India with High Returns

The best life insurance policy in India is a type of life

Read more
20 Jun 2023

Which Insurance is Best in India?

Insurance is a financial product that transfers the risk to a

Read more
27 May 2014

How to Check LIC Policy Status, Details, Statement via...

Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However

Read more
25 Feb 2022

SBI Life Insurance 50,000 per year Plan for 5 Years

Life insurance is about the financial protection of the family and working for life’s milestones through smart

Read more
23 Mar 2022

SBI Life Insurance Policy Surrender Value Calculator

SBI life insurance policy surrender value calculator is an online tool that helps users calculate the amount they

Read more
09 Mar 2022

PLI Surrender Value Calculator

PLI Surrender Value Calculators have proven to be one of the simple tools for digitally savvy customers. PLI

Read more
View Plans
Download the Policybazaar app
to manage all your insurance needs.