Life Insurance Coverage is available in this Product.
Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana
Banks in India always strive to improve financial inclusion. Yet, many Indians lack any form of financial protection. The Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana (UIN: 104G089V01) program provides life insurance to bank and post office account holders at a very affordable cost. This group scheme can help your financial institution retain more customers.
We welcome you to partner with Max Life Insurance and enjoy simple administration and claim settlement processes.
3 Reasons Why Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana is an Ideal Plan
- Affordable financial protection for your account holders
- Low-cost insurance helps you improve customer retention
- Members can get certain tax benefits based on the prevailing tax laws
What does Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana Offer?
Low-Cost Coverage
Simple Terms & Conditions
Swift Claim Settlement
All You Need to Know about Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana
- Plan Benefits
- Check eligibility
- Downloads
Death Benefit
General Conditions
Revival of Policy
Termination of Risk Coverage
| Minimum Age at entry (age as on the last birthday) | 18 years |
| Maximum Age at entry (age as on the nearest birthday) | 50 years |
| Maximum Maturity Age (age as on the nearest birthday) | 55 years |
| Policy Term | 1 year |
| Scheme Year (Coverage Period) | 1st June to 31st May every year |
| Minimum Group Size | 50 members within a year of the commencement of the policy |
| Minimum Sum Assured | Rs. 2,00,000 per member |
| Maximum Sum Assured | Rs. 2,00,000 per member |
| Premium Payment Mode | Annual only |
| Riders Available | Not Available |
| Policy Loan Provision | Not Available |
| Premium | The premium payable per member per scheme is dependent upon the month of joining the scheme as specified below: |
| a) June to August – Annual premium of Rs. 436 plus any applicable tax, cesses, and levies | |
| b) September to November – Premium for three quarters at Rs. 114 per quarter; i.e. Rs. 342 plus any applicable tax, cesses, and levies | |
| c) December to February – Premium for two quarters at Rs. 114 per quarter; i.e. Rs. 228 plus any applicable tax, cesses, and levies | |
| d) March to May – Premium for one quarter at Rs. 114 plus any applicable tax, cesses, and levies. |
| Downloads | Actions |
| Prospectus |
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| Consent cum Acknowledgement form |
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| Policy Contract |
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Wondering How Group Plans Offer Better Benefits than Other Forms of Insurance?
Why Choose Max Life
Here are some of the numbers that speak about our accomplishments
ARN: 15062023/GIP/PMJJBY
Online Sales Helpline
- 0124 648 8900(09:00 AM to 09:00 PM Monday to Saturday)
- service.helpdesk@maxlifeinsurance.comEmail
- SMS ‘LIFE’ to 5616188Message
- Let us call you back
Customer Service
- 1860 120 5577(9:00 AM to 6:00 PM Monday to Saturday)
- Chat with us
- Write to usPlease write to us incase of any escalation/feedback/queries.
NRI Helpdesk
- 011-71025900, 011-61329950(9:00 AM to 6:00 PM Monday to Saturday)
- nri.helpdesk@maxlifeinsurance.comPlease write to us incase of any escalation/feedback/queries.