Your life is valuable, keep it insured

Customer can enroll for PMJJBY by visiting the nearest AU Small Finance Bank Branch.
Note: For Joint Account Holders opting to enroll for PMJJBY, request shall be given only at the AU Small Finance Bank Branch.

All individual account holders of participating banks in the age group of 18 to 50 years are entitled to join. In case of multiple bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one bank account only. Aadhaar is the primary KYC for the bank account.

Date of Joining the scheme:

• 1 June to 31 August - Rs 436 Premium
• 1 Sep to 30 Nov - Rs 342 Premium
• 1 Dec to 28 Feb (29 Feb if leap year) - Rs 228 Premium
• 1 March to 31 May - Rs 114 Premium

Minimum Entry Age: 18 years (age last birthday)


Maximum entry Age:

• New member: 50 years (age nearest birthday)
• Renewals: 55 years (age nearest birthday)

Sum Assured: Rs 2 Lakh



Premium Frequency: Annual


Termination of assurance:


The assurance on the life of the member shall terminate on any of the following events and no benefit will become payable there under:

• On attaining age 55 years (age near birthday) subject to annual renewal up to that date (entry, however, will not be possible beyond the age of 50 years).
• Closure of account with the bank or insufficiency of balance to keep the insurance in force.
• In case a member is covered under PMJJBY with ICICI Prudential Life Insurance Co. limited/ other company through more than one account and premium is received by ICICI Prudential Life Insurance Co. limited/ other company inadvertently, insurance cover will be restricted to Rs 2 Lakh and the premium paid for duplicate insurance(s) shall be liable to be forfeited.
• If the insurance cover is ceased due to any technical reasons such as insufficient balance on due date or due to any administrative issues, the same can be reinstated on receipt of appropriate premium, subject, however, to the cover being treated as fresh and the 30 days lien clause being applicable.

Master Policy Holder:


AU Small Finance Bank is the master policy holder.

Eligibility Conditions:

• Individual bank account holders of the participating banks aged between 18 years (completed) and 50 years (age nearer birthday) who give their consent to join / enable auto-debit, as per the above modality, will be enrolled into the scheme.

Enrolment Modality:

• The cover shall be for one-year period stretching from 1st June to 31st May for which option to join/ pay by auto-debit from the designated individual bank account on the prescribed forms will be required to be given by 31st May of every year. Delayed enrolment for prospective cover is possible with payment of pro-rata premium as laid down in above para.
• For subscribers enrolling for the first time on or after 1st June 2016, insurance cover shall not be available for death (other than due to accident) occurring during the first 30 days from the date of enrolment into the scheme (lien period) and in case of death (other than due to accident) during lien period, no claim would be admissible.
• Individuals who exit the scheme at any point may re-join the scheme in future years. The exclusion of insurance benefits during the lien period shall also apply to subscribers who exit the scheme during or after the first year and rejoin on any date on or after 1st June 2016.
• In future years, new entrants into the eligible category or currently eligible individuals who did not join earlier or discontinued their subscription, shall be able to join while the scheme is continuing subject to the 30 days lien period described above.

• Nominee to download Discharge Receipt and Claim form from bank website/ collect from Nearest AU Small Finance bank branch
• Nominee to fill & Sign on both the forms and get it attested from AU branch Official
• Claimant to submit below documents:
• Original death Certificate (Mandatory)
• Copy of AADHAAR CARD of deceased
• Self-attested ID Proof copy, Address proof copy, Aadhaar card copy of the claimant
• Cancelled bank cheque of nominee (Name printed on it-Mandatory)
• The nominee needs to self-certify all the documents and submit the same at Bank branch
• Nominee to submit forms and relevant documents at AU branch

  

CLAIM FORM-HINDI

Discharge Receipt PMJJBY

PMJJBY`Claim`Form

PMJJBY FAQs 2018 19