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Product Information
Group Plans SBI Life - Pradhan Mantri Jeevan Jyoti Bima Yojana
Synopsis:
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This plan offers –
  • Security – to cover an eventuality
  • Simplicity – easy enrollment and swift processing with no medical examination
  • Affordability – through nominal premiums across all ages

Benefits:

    Security:
    Transfer the management of your annuity liabilities
    Members enjoy the protection of a fixed income
    Reliability:
    Fixed income benefits for your group members, enabling them to maintain their financial independence.
    Flexibility:
    Choose the periodicity of annuity payment
    Choice of two annuity options
Age at Entry Minimum: 18 Years(Age Last Birthday)
Maximum: 50 Years (Age Nearest Birthday)
Policy Term One year Renewable
Sum Assured Rs.200,000
Premium Amounts Rs.330 (Exclusive of Service Tax* and inclusive of Rs.41 towards administrative charges of participating banks
Lien Period 45 days from the date of enrollment into scheme