HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana Plan

Launched by the Government of India, Pradhan mantri Jeevan Jyoti Bima Yojana is a pure group term insurance product, which provides financial protection to the family members in case of any eventuality. The plan was specifically launched to provide the benefit of insurance coverage to masses. Moreover, with a lower premium rate it can be accessed by all individuals. HDFC Life Insurance Company facilitates very simple and hassle- free process of purchase of PMJJBY plan. Let’s read further to know in detail about HDFC PMJJBY.

Eligibility Criteria of HDFC PMJJBY Plan

Here is the eligibility criteria of the policy.

Eligibility Criteria

Minimum

Maximum

Entry Age

18 years

New Members- 50 years

Renewals- 54 years

Maturity Age

19 years

55 years

Sum Assured

2,00,0000

Policy Tenure

1 year (annual renewable)

Premium Frequency

Annually

Premium Rate of the Scheme

The first premium payable towards the plan depends on the date of joining of plan as shown below:

Date of Joining of Plan

Premium Rates

1st June - 31st August

Rs. 330

1st September- 30th November

Rs. 258

1st December- 28th February (29th In case of leap year)

Rs. 172

1st March-31st May

Rs.86

Benefits Offered by HDFC PMJJBY Plan

The following are the benefits offered by HDFC Pradhan Mantri Jeevan Jyoti Jeevan Bima Yojana Plan.

Death Benefit

In case of demise of the member during the policy tenure, a fixed sum assured amount of Rs. 2,00,000 is payable to the beneficiary of the scheme. For the new members enrolling into the scheme the plan will not cover any risk during the first 45 days from the enrolment date. Moreover, during the enrolment tenure no claim would be admissible in case of demise of the member other than due to accident.

After the payment of the death benefit, the policy will terminate and further benefits will be payable.

Maturity Benefit

As thus is a pure term insurance policy, no maturity benefit is payable under the plan.

Surrender Benefit

 No surrender benefits are payable under the plan.


Best term Insurance Plans in India

Features of HDFC Pradhan Mantri Jeevan Jyoti Bima Yojana Plan

  • The participating bank will be the master insurance holder while the savings bank account members will come under the scheme members.
  • The savings bank account holder between the age group of 18 years 50 years are eligible to purchase the plan.
  • In the absence of the life assured the plan offers Rs. 2 lakh life cover for the family member.
  • The policyholder will need to pay a premium amount of Rs.330 for the life cover of Rs. 2,00,000.
  • The premium will be deducted from the savings bank account of policyholder through the facility of ‘auto debit’.

Application Process of HDFC PMJJBY

An individual can apply for the scheme through Net Banking and SMS facility in an easy and hassle-free way. Let’s take a look at the application process of the plan.

Using the SMS

  • The eligible customers will need to sent an SMS for the activation of the policy.
  • Reply ‘PMJJBY Y’ to activate.
  • The applicant will receive an acknowledgement message for the receipt.
  • To process the application, details such as demographic details and the beneficiary name, beneficiary relationship and date of birth of the nominee will be taken from the savings bank account of the individual.

Using the Process of Net Banking

  • The applicant will need to login to the Net Banking and click on the insurance tab.
  • Secondly, he/she will have to select the scheme.
  • Choose the account for the payment of the premium.
  • Premium amount, policy cover amount and the beneficiary details will be displayed as per the chosen account.
  • Click on the confirm button to activate policy.
  • For the future reference, the applicant should download the unique reference number and acknowledgement number.

cover against critical illness
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Terms and Conditions of HDFC PMJJBY

  • The individual who exit the plan can rejoin the scheme anytime in future by paying the applicable premium rate and submitting a good health certificate.
  • Exclusion as mandated in the PMJJBY plan, will be applicable as amended from time to time.
  • The individual can make delayed enrolment by paying pro-rated premium for the prospective cover with submission of certificate of good health. The coverage for these members will be terminated at the risk cession date of plan I.e. 31st of May each year.
  • The date of risk commencement of the plan will be same as enrolment date and risk cessation date following 31st Initial cover period will be from the enrolment date to the following 31st May.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 35 Reviews)
Newsletter
Sign up for newsletter
Sign up our newsletter and get email about term plans.

HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana Plan Reviews & Ratings

4.4 / 5 (Based on 35 Reviews)
(Showing Newest 25 reviews)
Arun
Atarsumba, February 16, 2021
Quick and subtle
My life has become hassle free when I bought the term insurance plan from the policybazaar. The customer care team of policybazaar is really good. Thank you so much team.
Amrish
Aul, February 16, 2021
Rider benefits
I availed the rider benefits when I bought the HDFC life term insurance plans. I got it very easily and it has enhanced my term insurance plan. I am happy.
Lekhak
Auraiya, February 16, 2021
Safety shield
My term insurance plan is like a safety shield for me and my family. I bought the hdfc life insurance plan from policybazaar. It has more advantages and my life has become so settle and best. Thanks.
Prabhjot
Anjar, September 06, 2016
Worthy Insurance
My friend suggested me a insurance policy which is very nice and has some new features. I buy hdfc term insurance policy in very convenient price. The terms and conditions of the policy is nice and flexible. Policy coverage is high and claims are simple to sanctioned. Service is fantastic with good behaviour.
Bhupesh
Haridwar, July 20, 2016
Quality Investment Plan
HDFC standard life insurance is the insurer provides me the term insurance plan in very low investments. Policy cover maximum expenditure and the claims are high which can be sanctioned easily. Updates regarding policy is mailed to me regularly.
Gaurav
Fatehgarh, July 20, 2016
HDFC Term Policy
The hdfc life insurance is one of the best insurance plan, it has maximum coverage and it facilitate the service which is on time. Claiming procedure is very easy due to fast service facilitate by the executives and staff of the company.
Hitesh
Kiratpur, July 20, 2016
Best Term Policy
HDFC term plan is the best insurance policy among all other because it provides much more benefits in low premiums. The online service is very nice and online renewals and updates are easily visit. The executives respond very well and claiming is so simple because of this.
Abhishek
Latur, July 20, 2016
Good Policy Coverage
The insurance i have is hdfc term insurance, it have high policy coverage ~89% and the claims are even better. Service facilitate is awesome and the renewals can be done by online portal service which is very simple to use and anybody can access it.
Sandeep
Dava, July 20, 2016
Term plan
My hdfc life term plan is fantastic with some good benefits like low premiums and high coverage. The service facilitate by the staff members of the company is fast and on time. Claiming get easy due to fast service.
Kumar
Anantnag, March 13, 2016
information
information for srevice
Vishal
Delhi, March 03, 2016
services are very late
services are very late of hdfc
Rahul
Navi_mumbai, February 16, 2016
Fantastic plan
I purchase the policy of hdfc life insurance term plan and it did work for me. Policy coverage and claims are high ~Rs.31.2 lakh. Service provided is really nice with low premiums i.e., investment is less but the returns are high. Good work.
Plan Name: Click 2 Protect Plus
Agent Code: BEW00148
Saurabh
Bengaluru, February 15, 2016
Awesome.
Recently i purchase life insurance term plan. Policy is awesome with huge benefits like claims and policy coverage is very attractive in respect to premium which is very low. Thank you hdfc standard.
Plan Name: C2P Plus Income Plus II
Agent Code: BBE04807
Tarun
Gurgaon, February 15, 2016
above average.
I own life insurance term plan from hdfc standard. The policy is good with less premiums. Claims are of Rs.29 Lakh. Policy coverage is around 80%. The services you provide is really works for me. Good job.
Plan Name: Click 2 Protect Plus
Agent Code: BPW00301
Juri
Tinsukia, February 15, 2016
Perfect plan...
Best plan ever, Really happy with this policy which has good policy coverage and claim is around thirty lakhs. Hdfc insurance term plan policy provide the best service and the investment is also less.
Plan Name: Click 2 Protect Plus
Agent Code: BPW00301
Abhinav
Navi_mumbai, February 15, 2016
"Bad Customer Service"
I have policy that is hdfc life insurance term plan. Premium is medium and returns is high. Policy coverage is 90% with claim amount ~Rs.25 L. The only problem is service, really very slow service. Please improve it.
Plan Name: Click 2 Protect Plus
Agent Code: BPW00301
Pooja
Kolkata, February 05, 2016
"Fabulous"
My friend suggest me to buy life insurance, so i got one from hdfc life. The policy is fantastic with some catchy things like the 95% hospitals are tie up with company of the whole city. Coverage and claims are high.
Plan Name: Click 2 Protect Plus
Agent Code: BPW01312
Rudra
Hyderabad, February 05, 2016
"Good Plan"
Nice policy with low premiums. Policy cover ambulance charges and the whole treatment. The claim is 80%. The 90% of hospitals are available. Service is fast and regular updates are provided through mails.
Plan Name: Click 2 Protect Plus
Agent Code: BPW01312
Kavita
Mumbai, February 05, 2016
"Worth Of Paying"
Standard insurance provide me very fine policy with good benefits. The policy coverage is high with 80% cases. Claims is 70% and easily get without any paperwork. The service is slow but done by taking some time. Premium is low. So fine policy.
Plan Name: C2P Plus Income Plus I
Agent Code: BBE06002
Patanjali
Pune, February 05, 2016
"Fantastic"
I buy life insurance by HDFC standard. The is with gerat benefits. The service providers are so good in there work and the coverage, claims are simple things to get at right time without any delay. Satisfactory policy.
Plan Name: C2P Plus Income Plus I
Agent Code: BPW01312
Abdul
Gurgaon, February 05, 2016
"Superb"
I have life insurance with hdfc standard. The policy have 100% coverage of all cases. They provide the best customer service, that's why the claiming part become easy and done on time. Great policy.
Plan Name: Click 2 Protect Plus
Agent Code: BBE06002
ASHISH
Pune, February 05, 2016
"Really Good Deal"
Policy purchased by HDFC. Experience is great with services and the policy coverage is 70% of claims. The claims are 80%-90% of the cases. The cashless garages are high. I really am happy with the services.
Plan Name: Click 2 Protect Plus
Agent Code: BBE06765
Pranay
Pune, February 05, 2016
"Fine"
I got life insurance by Standard. The policy is simple with great benefits, policy coverage is high, claims are around ₹ 20 Lakh. The service really very nice with fast response.
Plan Name: Click 2 Protect Plus
Agent Code: BPW01312
Mayur
Pune, February 04, 2016
"Average Term Plan"
I got HDFC insurance with my friend advice. The policy is average in all conditions. Policy provide 50-60% coverage and the service is little bit slow. The claims is low but the premium is also low, so that okay for the final payback.
Plan Name: Click 2 Protect Plus
Agent Code: BBE06765
Shubham
Darbhanga, February 04, 2016
"Good"
HDFC Standard Life Insurance provide me very fine life insurance term plans policy. The service is good, policy coverage is high. The claims are around Rs 21 lakh at the end of the policy.
Plan Name: Click 2 Protect Plus
Agent Code: BBE06765
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL