SBI Life Pradhan Mantri Jeevan Jyoti Bima Yojana Plan

What is SBI Pradhan Mantri Jeevan Jyoti Bima Yojana

SBI Life's Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed, one-year renewable group term insurance plan designed in accordance with the guidelines issued by the Government of India for the PMJJBY. The PMJJBY scheme is a non-linked, non-participating policy that offers basic life insurance coverage at an affordable cost.

The insurance cover becomes active from the date on which the premium is debited from the member's bank account. The scheme is administered strictly as per the rules and updates released by the government from time to time, ensuring the coverage works exactly as prescribed under the national PMJJBY framework.

Its core purpose is to provide a financial safety net to the family in case the insured member passes away unexpectedly.

Key Features SBI Life PMJJBY

The following are the key highlights of SBI Life- PMJJBY:

• The SBI Life- Pradhan Mantri Jeevan Jyoti Bima Yojana provides pure life protection at a very low annual premium.

• No medical tests are required for enrollment under this PMJJBY scheme.

• Coverage is governed by the PMJJBY scheme rules issued by the Government of India.

• The enrolment process for this scheme is easy and can be done through a simplified proposal form.

How PMJJBY Scheme Works with SBI ? 

Enrollment:
Since SBI is a participating bank, SBI account holders can easily enroll in this scheme through their savings account.

Premium:
An annual premium of ₹436 is charged and automatically debited from your linked SBI savings account.

Insurance Provider:
For customers enrolled through SBI, the policy is managed and serviced by SBI Life Insurance Company Limited.

Coverage:
The scheme offers a life insurance cover of ₹2 lakh for death due to any reason.

Benefits:
In case of the member’s death, the nominee receives ₹2 lakh. There are no maturity or surrender benefits under this scheme.

Eligibility Criteria of SBI Life- PMJJBY

The table below shows the eligibility criteria of SBI Life- Pradhan Mantri Jeevan Jyoti Bima Yojana:

Note: Any applicable tax, duty/statutory levy, or surcharge will be levied on the premiums notified by the government from time to time, as per the prevailing tax law provisions.

How to Enroll?

Contact your local SBI branch or visit the official myscheme website to start

The enrollment process is simple, and your bank will provide the important consent forms such as the one on the State Level Bankers Committee website. 

Benefits of SBI Life- PMJJBY

The following are some of the benefits of SBI Life- PMJJBY:

• Death Benefit

  If the insured member passes away during the coverage period, the nominee receives the full sum assured. Under Pradhan Mantri Jeevan Jyoti Bima Yojana offered by the SBI Life Insurance, the maximum payable benefit is Rs. 2,00,000, even if the person is enrolled through multiple bank or post office accounts or with more than one insurer. In such cases, only the earliest valid enrolment is considered for the claim, and premiums paid for any additional enrolments are forfeited.

• Grace Period/ Revival

  A 30-day grace period is provided from the annual renewal date (June 1). The insurance cover stays active during this period. If the premium is still unpaid once the grace period ends, the policy will lapse. If the cover lapses, the member can reinstate it by paying the full annual or pro-rata premium and submitting any required documents or declarations as per the scheme rules. Reinstatement is allowed only if the member continues to meet the eligibility criteria and complies with the terms and conditions set by the Government of India.

• Tax Benefits

  The income tax benefit or any exemptions is applicable as per the prevailing income tax laws in the country that is subject to change from time to time.

Understanding Termination of the Insurance Cover

Under the following events, the insurance cover for the member can get terminated:

• On the date when the member attains 55 years and on the yearly renewal date.

• The demise of the insured member.

• Upon the non-payment of the premium beyond the grace period of 30 days

• Closure of the account designated with the bank due to insufficient funds to keep the insurance active.

• The date when the claim on the member insured is settled by other insurers in case the member has been insured in more than one bank or holds more than one savings bank account with the existing bank.

SBI Life PMJJBY Premium Details

The annual premium for PMJJBY is ₹436 per member, which includes the fixed annual premium, administrative charges to the master policyholder and distributor commission (for new enrolments).

The effective premium in the first year depends on the month you enroll:

PMJJBY Status Check Online SBI: How to Verify Your Policy Status

If you're looking for PMJJBY status check online SBI, there are multiple official ways to confirm whether your Pradhan Mantri Jeevan Jyoti Bima Yojana policy is active. SBI account holders can verify their status through internet banking, JanSuraksha, the SBI Life website, mobile app and more. Here's how each method works:

1. Check PMJJBY Status Through SBI Internet Banking

   This is the simplest and most reliable option for SBI customers.

   • Log in to your SBI Internet Banking account.

   • Go to the e-Services section.

   • Choose Social Security Schemes (PMJJBY / PMSBY / APY).

   • Select Status to view your policy details.

   This page shows whether your premium was deducted, the validity period of your cover and allows you to download your Certificate of Insurance if it’s available.

2. Check PMJJBY Status Online via JanSuraksha Portal

   If you don’t use SBI net banking, the JanSuraksha portal is a reliable alternative.

   • Visit the JanSuraksha Policy Search page.

   • Enter your SBI account number, and provide your date of birth.

   • Select PMJJBY from the Scheme options.

   • Choose State Bank of India from the Bank list.

   • Click Search to view your current policy status.

   The portal displays whether your PMJJBY policy is active, along with essential details linked to your SBI account.

3. Check PMJJBY Status on SBI Life’s Website

   You can also confirm your PMJJBY status directly with SBI Life, even if you don’t use internet banking.

   • Visit the SBI Life official website.

   • Open the Group Customer Login section.

   • Choose PMJJBY COI from the list of product options.

   • Enter your bank account number, date of birth, and any other required details.

   • Submit the form to view your policy status and download your e-policy bond.

   This method lets you check your coverage straight from the insurer’s database, ensuring the details are up to date.

4. Additional Ways to Check PMJJBY Status with SBI

   • SBI Life Easy Access App

     Log in to the app to view your PMJJBY status, renewal details and download your certificate.

   • Customer Care

     Call SBI Life Customer Care: 1800 267 9090 for instant verification.

   • SBI Branch Visit

     Visit any SBI branch with your passbook or account details to confirm:

     • Whether premium was deducted

     • Whether the policy is active

   • SMS

     Send: POLSTATUS <space> your policy number
     to 56161 or 9250001848 from your registered mobile number.

Exclusion of SBI Life- PMJJBY

For new members, the life cover does not apply to deaths (other than accidental) occurring within the first 30 days from the date of enrolment. This 30-day lien period means that if death from non-accidental causes happens during this time, no claim will be payable.

Members who leave the scheme can rejoin in future years. However, the same 30-day lien period will apply again to anyone who exits and then re-enters the scheme on or after 1 June 2021. New eligible individuals who join later, even if they were eligible earlier but did not enrol, will also be covered only after completing the mandatory 30-day lien period.

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