Bharti AXA Life Pradhan Mantri Jeevan Jyoti Bima Yojana

(ADVT NO: II-Feb-2022-3674)

A social security scheme by the government.

4 Reasons to Buy

  • Social Security Scheme: This product has been designed to meet the life insurance requirements under the provisions of “Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)” scheme launched by Government of India.
  • Life Cover at a reasonable fixed rate: Get Life Coverage of Rs. 2 Lac at a flat premium of Rs. 300 p.a. (for electronic means) & Rs. 330 p.a. (for other means). The product provides flexibility to add new members and eligible account holders can also join the scheme.
  • Easy enrolment process: The product ensures easy and quick process of enrolment with straight through issuance and no medicals are required. Ease of premium payments as the premium amounts are directly auto debited by the bank from the member’s bank account.
  • Tax benefits: You can avail the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions under Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time.

Minimum Entry Age

18 years (Age last birthday)

Maximum Entry Age

50 years (Age nearest birthday)

Maximum Maturity Age

55 years (Age nearest birthday)

Minimum/Maximum Sum Assured

₹ 2,00,000 per life

Minimum/Maximum Premium*

For electronic means: 300 p.a.
For all other means: 330 p.a.

Policy Term

One-year renewal

Lien Period

30 days from date of enrolment or re-entry into the scheme (entry date/date of commencement of insurance cover)

* Any applicable taxes and/or any other statutory levy/ duty/ surcharge on your premiums, as notified by the Central and/or State Government from time to time as per the provisions of the prevalent tax law.