Pradhan Mantri Jeevan Jyoti Bima Yojana
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Our Products
- Capital Secure+ – A combination of market-linked and guaranteed returns
- Edelweiss Tokio Life –Wealth Rise+ – A double-advantage ULIP
- Edelweiss Tokio Life – Premier Guaranteed Income – A guaranteed income plan
- Edelweiss Tokio Life –Wealth Secure + - A new generation ULIP
- Edelweiss Tokio Life- Zindagi Protect - A Comprehensive Term Plan
- All Products
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Protect Your Family's Future with a Life Cover
(‘PMJJBY’) is a yearly renewable group term insurance plan offered to
savings account holders of banks. It is designed to provide financial
security to the family of the members.
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PMJJBY Additional Resources

A Multiple of single/annualized premium as life cover at all time during policy tenure
Reasons Why This Plan Offers A Trustworthy Way To Protect Yourself
Reasons Why This Plan Offers A Trustworthy Way To Protect Yourself
It Adheres to the PMJJBY Scheme
This plan is in accordance with the Government of India’s PMJJBY scheme, which will be administered by Banks from time to time.
Easy On Your Pocket
Premiums for this plan are as low as Rs. 86 if purchased in March, April or May, making it an affordable plan for everyone.
Benefit Activation
Plan benefits activate after 45 days of commencement as per Lien Clause, however accidents will be covered from inception.
Yearly Renewable
The duration of this plan is one year, following which, you have the option of renewing it again for another year.
Benefits of PMJJBY
Benefits of Pradhan Mantri Jeevan Jyoti Bima Yojana Plan
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Life Cover
Experience zindagi unlimited! This plan offers life cover of Rs. 2 lacs per member. So, you can stay protected without any worries. The benefit amount for a member under the PMJJBY scheme cannot exceed Rs. 2 lacs even in case the member is covered through multiple insurers.
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Affordable Premiums
Your pockets won’t stress! The premiums for this plan are extremely affordable so everyone can get protection.
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Policy Commencement
No waiting too long! As per the Lien Clause, the cover gets activated after 45 days from the date of enrollment. However, deaths caused due to accidents are exempt from this condition and will be covered from inception.
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Tax Benefits³
Don’t worry about deductions! Tax benefit on premium paid under section 80 C and on death benefit under section 10(10D)




Life Cover
Experience zindagi unlimited! This plan offers life cover of Rs. 2 lacs per member. So, you can stay protected without any worries. The benefit amount for a member under the PMJJBY scheme cannot exceed Rs. 2 lacs even in case the member is covered through multiple insurers.

Affordable Premiums
Your pockets won’t stress! The premiums for this plan are extremely affordable so everyone can get protection.

Policy Commencement
No waiting too long! As per the Lien Clause, the cover gets activated after 45 days from the date of enrollment. However, deaths caused due to accidents are exempt from this condition and will be covered from inception.

Tax Benefits³
Don’t worry about deductions! Tax benefit on premium paid under section 80 C and on death benefit under section 10(10D)

How It Works - PMJJBY
How It Works!
Start Planning
- Check your eligibility for the plan
- Pay the premium amount
Sit Back and Relax
- Submit the requested documents
- Let us verify your details so you can activate your plan!
Asset Publisher
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Need expert advice

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Reasons Why You’re Bound To Love Us Back
Reasons Why You’re Bound to Love Us Back

We’ve got experience in helping people make their Zindagi unlimited

We have the expertise in making you grow your wealth.

We constantly innovate our offerings to get better results for you
Reasons Why You’re Bound to Love Us Back

We’ve got experience in helping people make their Zindagi unlimited

We have the expertise in making you grow your wealth.

We constantly innovate our offerings to get better results for you
Here's Why Our Customers Adore Us
Here's Why Our Customers Adore Us
Look at what people had to say about our services
Asset Publisher

He was very much clear about the issue and the importance of it.. Thanks rohit
Anisha Shashidharan
(sr.associate)
Your customer support is doing excellent job.keep up the good work.
Nilesh Pawar
(manager)
It was very good experience. they understand my problem and solved it and given time to me, thank you.
Kumar Devam
(pvt teacher)
Thanks, all queries resolved in one call to satisfaction. I am rating the services as 10.
Kanika Chaudhary
(DESIGN ARCHITECT)
Very helpful during call thanks to Ms Ayesha A customer care executive
Sudeep priyo Bagh
(teacher)
The Customer Care Executive - Ms Afreen Sheikh was very prompt in resolving my query!!
Devanshu Gandhi
(Buisness owner)FAQs PMJJBY
Fire Away Queries
Like teachers say, there are no silly questions
What is Pradhan Mantri Jeevan Jyoti Bima Yojana?
The PMJJBY is available to people in the age group of 18 to 50 years having a bank account who give their consent to join / enable auto-debit. Risk coverage under this scheme is for Rs. 2 Lakh in case of death of the insured, due to any reason.
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Why should I opt for Edelweiss Tokio Life Pradhan Mantri Jeevan Jyoti Bima Yojana?
Edelweiss Tokio Life - Pradhan Mantri Jeevan Jyoti Bima Yojana (‘PMJJBY’) is a yearly renewable group term insurance plan offered to savings account holders of banks. It provides financial security to the family of the group members in case of their demise. This plan meets the requirements of Government of India’s PMJJBY scheme.
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Does this plan cover COVID-19 claims?
Yes, this plan covers COVID-19 claims.
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What is the minimum and maximum entry age?
The minimum entry age is 18 years. The maximum entry age for new members is 50 years and for renewals is 54 years.
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What is the maximum maturity age?
The maximum maturity age is 55 years.
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What is the policy term?
The policy term is 1 year (renewable every year).
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What is the minimum and maximum sum assured?
The minimum and maximum sum assured is ₹ 2 lakhs.
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What is the minimum and maximum premium?
Depending upon the month of entry, the minimum premium is ₹86 and the maximum premium is ₹330.
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When does the coverage commence?
The coverage commences after 45 days from the date of enrolment into the Scheme.
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What is the Lien Clause?
The Lien Clause means that claims for deaths that occur during the first 45 days from the date of enrollment will not be paid, effectively meaning that the risk cover will commence only after the completion of 45 days from the date of enrollment into the scheme by the member. However, deaths due to accidents will be exempt from the Lien Clause.
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Does this plan have a Surrender Value?
This plan does not offer a surrender value.
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Does this plan have a Maturity Benefit?
No benefits are payable on maturity.
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Are there any Exclusions to this plan?
The Policy may also terminate due to any changes / modifications in the Rules of the Scheme notified by the Government of India from time to time under the Pradhan Mantri Jeevan Jyoti Bima Yojana Scheme.
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Does this plan have a Grace Period?
A grace period of 30 days from the Annual Renewal date will be allowed during which the insurance coverage will remain in-force. If the premium remains unpaid at the end of the grace period, the insurance coverage shall cease. In case of death during the grace period, the Death Benefit will be reduced to the extent of the unpaid premium.
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We are always there for you!
We are always there for you!
For queries, write to onlinesales@edelweisstokio.in
Contact us on 022 6611 6018
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0- Provided the premium paying term is more than or equal to 10 years.
1- This is applicable only if all due premiums are paid and the policy is inforce.
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
Edelweiss Tokio Life - Pradhan Mantri Jeevan Jyoti Bima Yojana is only the name of the Group, nonparticipating, non-linked yearly renewable group term insurance plan and does not in any way indicate the quality of the contract, its future prospects, or returns. Please know the associated risks and the applicable charges from us. Tax benefits are subject to changes in the tax laws. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale. UIN: 147G039V01.
ARN: WP/1429/Feb/2021