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COVID-19 Deaths: How To Claim Rs 2 Lakh Insurance Under Pradhan Mantri Jeevan Jyoti Bima Yojana?

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The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), which is funded by the government, is a one-year life insurance policy that was started about six years ago. The nominee of the insured receives a payout of Rs. 2 lakh in the event of the insured's death due to any cause.

 

If you have someone, especially the breadwinner, who lost the family member because of covid 19, ask the family to check whether the deceased has enrolled. Such plans can contribute to financial stability for a family which lost its breadwinner.

Each year the policy is renewed and the coverage is between June and May. The coverage starts from the requested date and concludes on 31 May next year. The account holder requests. The annual premium is Rs 330 if you sign up between June and August.

COVID-19 Deaths: How To Claim Rs 2 Lakh Insurance Under PMJJBY?

Claim settlement policy under PMJJY

The Rs.2,00,000 claim amount is payable to its nominee upon the death of a member (s). A person who is 18 years of age (full) will be granted the risk coverage from age 55 until the date of annual renewal. i.e. the eligibility ceases at the age of 55, or the closure of the bank's account, or the lack of balance to enforce the insurance.

 

How can the nominee claim insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana?

Step 1

Nominee to contact the Bank in which the member had a 'Savings Bank Account' covered by the PMJBY, with the member's certificate of death.

Step 2:
The nominee should keep ready documents such as claim form and refund receipt from the bank or other designated sources, including from designated websites, like branches of insurance undertakings, hospitals, Hospitals, PHCs, BCs, insurance companies, etc.

The insurance companies concerned shall guarantee that forms at all such places are widely available. No person asking the same shall be refused the supply of the form,

Step 3:

Nominee to send the duly filled claim form, receipt for discharge, the death certificate, together with a photocopy of the canceled bank account of the nominee (if available), or bank details to the bank where the member had a Savings Bank Account protected under PMJBY.

Bank to check the claims form, and to fill in the required fields of a claim form, the nominee's information from the documents available to them.

The registration process was easy and straightforward. PMJJBY is managed in India by both the LIC and other private life insurance firms. If the bank is linked with insurance firms, you may be able to contact their particular bankers for the registration process. Even if a person has many bank accounts at one bank or another, he or she could not join the plan except via a bank account.

How to register for the Scheme of PMJJBY?

The registration process was easy and straightforward. PMJJBY is managed in India by both the LIC and other private life insurance firms. If the bank is linked with insurance firms, you may be able to contact their particular bankers for the registration process. Even if a person has many bank accounts at one bank or another, he or she could not join the plan except via a bank account.

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