Protect your family’s financial security in an eventuality
Simplified proposal form for enrolment
Cover of Rs.2 lakh at a reasonable cost
Safeguard your family against financial difficulties
Fast enrollment and swift processing
No medical examination required, acceptance is based on satisfactory health declarations in the consent form
Insure yourself for a cover of Rs.2 lakh at a nominal premium
Avail tax benefits*
Maturity/ Surrender Benefit:
There is no maturity or surrender benefit under this plan.
The date of commencement of insurance cover is the date of debit of premium from the insured member’s account for joining the scheme and the insurance cover will be up to 31st May of the subsequent year. Thereafter, the cover can be renewed on the 1st of June every year by debiting the premium from your saving bank account. The premium is subject to change as specified by the Government of India from time to time.
In case a member wishes to join the scheme post 1st of June, he/ she can do so with the payment of full year’s/pro-rata premium based on month of joining and submission of requisite documents/declaration, if any, as specified by scheme rules. The enrolment rules would be as specified by the Government of India from time to time. Full year’s premium i.e. Rs 330/- would be payable at the time of renewal under the scheme and pro-rata payment would not be allowed.
For new members enrolling into the scheme the risk will not be covered during the first 45 days from the date of enrollment into the scheme (lien period) and in case of death (other than due to accident) during lien period, no claim would be admissible
Income Tax benefits/exemptions are as per the applicable income tax laws in India, which are subject to change from time to time. Please consult your tax advisor for details
These are only the brief features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
For more details on risk factors, terms and conditions of SBI Life – Pradhan Mantri Jeevan Jyoti Bima Yojana, read the following documents carefully
Applicable Tax and/ or any other statutory levy/ duty/ surcharge will be applicable on your premiums, as notified by the Central and/or State Government from time to time as per the provisions of the prevalent tax laws.
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For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.