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Choose to Protect Your Family with a Life Cover which covers death due to any reason

Cover is only valid for 1 year and can be renewed annually

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Features

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Backed by the Government of India

Insurance scheme promoted by the Government of India
Affordable

Affordable Premium

Protect your family against death and disability due to accident at affordable rates
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Simple Enrolment Process

Open a savings account with Fino and enrol yourself for PMJJBY with just 5 details

FAQs

  1. The scheme is a one-year cover term life insurance scheme, renewable from year to year, offering life insurance cover for death due to any cause.

  2. ₹ 2 lakhs is payable on a subscriber’s death due to any cause. The premium payable is  ₹436/- per annum per subscriber. For those getting enrolled under PMJJBY for the first time during the middle of the policy period, payment of pro-rata premium is allowed as under:

    1. For enrolment in June, July and August – Full annual premium of ₹ 436/- is payable. 
    2. For enrolment in September, October, and November – pro rata premium of ₹ 342/- is payable 
    3. For enrolment in December, January and February – pro rata premium of ₹ 228/- is payable. 
    4. For enrolment in March, April and May – pro rata premium of ₹ 114/- is payable. However, full year’s premium @ ₹ 436/- is payable at the time of renewal under the scheme. For subscribers enrolling for the first-time, risk starts from the date of auto-debit of premium. However, insurance cover shall not be available for death (other than due to accident) occurring during the first 30 days from the date of enrolment into the scheme (lien period) and in case of death (other than due to accident) during lien period, no claim would be admissible.

  3. Customers who have savings account with FPB and do not have PMJJBY through any other banks are only eligible to buy this product through FPB.

  4. The premium will be deducted from FPB savings account of customers at the time of policy issue. A standing instruction will be in place for all subsequent premium payments.

  5. Yes.