What is the process of getting a claim under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?

In the case when an insured person got died due to any injuries then the process of getting a claim under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is described below: 

Steps to be taken by the beneficiary:

Step-1: In the case when the insured person passed away, the nominee has to go to the bank from where the saving bank account of the insured person is linked to this scheme. After reaching the bank, the nominee would have to submit the death certificate of the insured person. 

Step-2: After performing the above activity, the beneficiary needs to collect the claim form from the insurance company or the bank. 

Step-3: After getting the claim form, the nominee needs to fill the form & submit it to the bank or insurance company along with the required documents like photocopy of cancelled cheque, death certificate, discharge receipt, bank account details of the policyholder, or bank details of the nominee. 

Steps taken by the bank:

Step-1: When the nominee fulfils his/her duty of submitting the claim form along with the required documents, the bank then starts doing its duty of verifying the documents & form. 

Step-2: After performing its duty of verification, the bank submits the documents submitted by the nominee to the designated insurance company. Here's the list of those documents which a bank submits:

  1. Copied Cancelled cheque of the nominee.
  2. Death certificate
  3. Discharge receipt
  4. Thoroughly filled claim form

List of Bank Branches which offer PMJJBY

  1. Allahabad Bank
  2. Andhra Bank
  3. Axis Bank
  4. Bank of Baroda
  5. Bank of India
  6. Bank of Maharashtra
  7. Bhartiya Mahila Bank
  8. Canara Bank
  9. Central Bank of India
  10. City Union Bank Ltd
  11. Corporation Bank
  12. Dena Bank
  13. Federal Bank Ltd
  14. HDFC Bank Ltd
  15. ICICI Bank Ltd
  16. IDBI Bank Ltd
  17. Indian Bank
  18. Indian Overseas Bank
  19. Induslnd Bank Ltd
  20. Jammu & Kashmir Bank Ltd
  21. Karur Vysya Bank Ltd
  22. Kotak Mahindra Bank Ltd
  23. Lakshmi Vilas Bank
  24. Oriental Bank of Commerce
  25. Punjab & Sind Bank
  26. Punjab National Bank
  27. Ratnakar Bank Ltd
  28. South Indian Bank Ltd
  29. State Bank of Bikaner & Jaipur
  30. State Bank of Hyderabad
  31. State Bank of India
  32. State Bank of Mysore
  33. State Bank of Patiala
  34. State Bank of Travancore
  35. Syndicate Bank
  36. UCO Bank
  37. Union Bank of India
  38. United Bank of India
  39. Vijaya Bank
  40. Yes Bank Ltd

Steps taken by the designated insurance company: 

Step-1: When the insurance company receives the claim form along with the documents from the bank, it begins verifying the filed claim. The maximum time period a bank takes to approve a claim is approximately 30 days. 

Step-2: When the verification of the filed claim gets successful, the claim amount will be transferred to the saving bank account of the beneficiary. 

List of Life Insurance Companies which offer PMJJBY 

  1. Aegon Life Insurance
  2. Aviva Life Insurance
  3. Bajaj Allianz Life Insurance
  4. Bharti Axa Life Insurance
  5. Birla Sun Life Insurance
  6. Canara HSBC OBC Life Insurance
  7. Dai-Ichi Life Insurance
  8. DHFL Pramerica Life Insurance
  9. Edelweiss Tokio Life Insurance
  10. Exide Life Insurance
  11. Future Generali Life Insurance
  12. HDFC Life Insurance
  13. ICICI Prudential Life Insurance
  14. IDBI Federal Life Insurance
  15. Indiafirst Life Insurance
  16. Kotak Mahindra Life Insurance
  17. Life Insurance Corporation Of India
  18. Max Life Insurance
  19. PNB Metlife India Insurance
  20. Reliance Life Insurance
  21. Sahara India Life Insurance
  22. SBI Life Insurance
  23. Shriram Life Insurance
  24. Tata Aia Life Insurance

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