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Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana

A Non Participating One Year Renewable Group Term Insurance PlanUIN: 104G089V01


Life is full of uncertainties and it is your prime responsibility to ensure financial security of your loved ones even when you are not around. Life insurance helps you ensure the financial well being of your loved ones in case of an exigency.

Presenting Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana, a group life insurance plan, which offers pure protection to the members of the master policy in case of loss of life. A group term life insurance product is a life insurance scheme in which a single contract covers an entire group of people. Under this product, the life insurance scheme owner is the bank and risk coverage is provided to members holding a savings bank account with the participating bank.

Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana
5.0/5 based on 32 reviews

    What this plan offers you


    Plan Benefits

    Event CoveredHow and when are benefits payable?Size of such benefits / policy monies
    DeathIn lump-sum on death during the period of coverage due to any reasonUniform Sum Assured of
    Rs. 2,00,000 shall be payable

    Are you eligible?

    Minimum Age at entry (age last birthday)18 years
    Maximum Age at entry (age nearest birthday)50 years
    Maximum Maturity Age (age nearest birthday)55 years
    Policy Term1 year
    Scheme Year(Coverage Period)1st June to 31st May every year

    Members who enroll in the scheme after 1st June would need to pay full premium of 330 for coverage till 31st May irrespective of the date of their entry.
    Minimum Group Size50 members within a year of the commencement of the policy
    Minimum Sum Assured Rs. 2,00,000 per member
    Maximum Sum AssuredRs. 2,00,000 per member
    Minimum PremiumRs. 330 per member (exclusive of service tax & education cess)
    Maximum PremiumRs. 330 per member (exclusive of service tax & education cess)
    Premium Payment ModeAnnual only
    Riders AvailableNot Available
    Policy Loan ProvisionNot Available


    Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max Life Insurance Co. Ltd., 11th floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) – 122002. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note that the tax benefits are subject to the tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws. Benefits are available provided all premiums are paid, as and when they are due. Service Tax and Education Cess would be levied as per applicable laws and shall be to the account of the Policyholder. Insurance is the subject matter of solicitation. Trade logos displayed above belong to Max Financial Services Limited and Mitsui Sumitomo Insurance Co. Ltd. respectively and are used by Max Life Insurance Co. Ltd under a license.
    IRDAI - Registration No. 104.
    ARN: Max Life/WebInsert/Indigo/PMJJBY/March2016/186

    IRDAI clarifies to public that


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