” Pradhan Mantri Jan Dhan Yojana ” scheme was launched on 15th August, 2014 by our honorable Prime Minister. PMJDY is a popular Financial Inclusion scheme. As of January 2015, it is believed that around 10 crore bank accounts are opened under this scheme. The main aim of the scheme is to encourage and bring more number of households into the banking system.
The main features of the Jan Dhan scheme are :
- No minimum balance is required
- Account holder will get Rupay debit card
- Free Accident Insurance cover of Rs 1 Lakh
When the scheme was officially launched on 28th August, one more feature was included into the scheme. This feature is “Rs 30,000 will be provided as life insurance cover for all the first time bank account holders” who open the accounts under Jan Dhan Yojana Scheme (PMJDY).
The Life insurance Corporation of India (LIC) will provide the life cover. LIC has set up a separate fund to service the claims under this scheme. The premium to be charged initially under the scheme is subsidised from the Social Security Fund. In case of rural landless household, the remaining 50 per cent premium is borne by the state government or Union territory; in case of other occupational group, the remaining 50 per cent premium is borne by the nodal agency and / or member and / or state government / Union territory.
Life Cover under Pradhan Mantri Jan Dhan Yojana
Following are the features and eligibility conditions to get life insurance coverage under PMJDY Scheme :
- The eligible Age group is 18 completed to 59 (Nearer Birth Day)
- Person opening a Bank account for the first time ( with RuPay Card ) during the period from 15-08-14 to 26-01-15 is eligible to get life cover. This period can be extended by the Govt.,
- The Life cover of Rs 30,000 will be available from 26th January, 2015
- Only Head of the family is covered under this Risk Cover Scheme
- In case the head of family is 60 years or more of age, the second earning person of the family in the above mentioned age group will be covered
- In case of joint Account-holders under PMJDY, the first account holder (primary account holder) will be provided Life Insurance cover
- The Bank account holder’s account must have Ru-pay debit card linked to his/her Aadhaar number.
- For the coverage to be effective the RuPay Card should be valid and in force
- Only one person in the family will be covered in the Bima Scheme and in case of the person having multiple cards / accounts the benefit will be allowed only under one card i.e. one person per family will get a single cover of Rs.30,000.
- The life cover of Rs 30,000/- under the scheme will be initially for a period of 5 years, i.e. till the close of financial year 2019-20. Thereafter, the scheme will be reviewed and terms and condition of its continuation, including the issue of future payment of premium by the insured thereafter, would be suitably determined.
- Employees (in service or retired) of central and state governments, Public Sector undertakings, Public sector Banks, are not eligible for this scheme
- Persons whose income is taxable under I.T. Act 1961 or are filing the yearly Income Tax return or in whose case TDS is being deducted from the income, and their families are also not eligible
- Government has started a scheme called “Aam Admi Bima Yojana.” The individuals covered under this scheme will get Rs 30000 as life cover and Rs70,000 as accident cover. So, Persons/families who are included in AABY are not eligible for PMJDY life cover.
Death Benefit under PMJDY Scheme:The nominee of the account holder will be entitled to receive death benefit of Rs.30,000/- in case of the unfortunate death of the account holder on account of any cause.
- The nominee of the bank account holder has to intimate the bank (where the PMJDY saving account is active) about the death of the account-holder (the insured)
- The nominee of the insured has to submit the following documents
- Attested copy of the Death Certificate of the deceased member.
- Photocopy of Aadhaar card of the deceased person
- Verification of the validity and in force status of the RuPay Card
- Photocopy of BPL or Ration card
- Completed claim form-cum-discharge receipt form should be submitted. Part A of claim form should be filled by the claimant and Part B of the claim form should be filled by authorized bank/LIC official
- In the absence of nomination or if the nominee pre-deceases the insured member or if the nominee is not spouse or child or parent then the Legal Heirs of the Account holder should submit Indemnity Bond.
- The concerned Branch of the Bank where the PMJDY saving account was initially opened will then lodge the claim with LIC.
- The Death claim benefit of Rs. 30,000/- will be settled (after verification) by the designated Pension & Group Scheme (P&GS) Office of LIC.
- The insured member attaining the age 60, or
- The insured member ceasing to satisfy one or more of the eligibility conditions. or
- Discontinuance of the Scheme
(Download “Life Cover Claim Form of Pradhan Mantri Jan Dhan Yojana” , “LIC Indemnity Bond Format.“)
Sir mera name alok kumar h merE papa ka ka name ram kishor tiwari h mera papa ka account uco bank m h humare papa ka death ho gaya unka 15 jan 2015 ka pmjdy k tathat account khola gaya tha main 30000 rs k liye claim v kiya tha wo v feb m hi av tk eo paisa nhi aaya h manager se poochhte h to bolta h insurance wala dega aaj3 month ho gya av tk koi information hi nhi h ….sir u can help me my mobile no 7870131720….
Dear Alok ..You may kindly contact the insurance company directly.
Dear Sir, my father expired on 31 Aug 2016, & i had apply for life insurance claim, but LIC office staff said that i dont know this type of scheme, i was go to bank than he said same word, pls suggest me what can i do.
Dear Rakesh ..Yes, you need to contact your banker and submit the claim form to them.
What did bank staff advice you?
my father died on 23-1-2017 at the age of 62 by heart attack and has a jan dhan account in BOB
and has no LIC policy or any other policy
Should i b eligible for claim of rs 30,000?
Dear Parth..Sorry to know abt that.
Kindly go through the points given in the article about the eligibility conditions.
My father died on 9-10-2016 and has a LIC policy already and has a jandhan account in SBI can I claim 30000
Dear Amit..Yes, kindly go through the terms & conditions as mentioned in the above article.
SIR,
MY FATHER EXPIRED ON 10.09.2016. HE HAS PMJDY ACCOUNT IN SBI AND ACCOUNT WAS OPENED ON 27.11.2014. HIS AGE AT THE TIME OF DEATH WAS 61 YEARS. I WANT TO KNOW THAT IS HE ELIGIBLE FOR THE LIFE INSURANCE CLAIM OF RS. 30000. PLEASE RPLY AS SOON AS POSSIBLE. I AM IN VERY TROUBLE
Dear Ruby,
Kindly note that the eligible Age group is 18 completed to 59 (Nearer Birth Day) for claiming insurance.
MY ELDER SISTER HAS EXPIRED AND SHE HAS A ZERO BALANCE ACCOUNT. AND AFTER HER DEATH WE RECEIVED HER ATM CARD BY POST. WHILE WE GO TO THE BANK FOR CLOSING HER ACCOUNT AND INQUIRY ABOUT THE DEATH BENEFIT OF RS.30000/- THEN BANK PERSONNEL SAID THAT AS HER ATM CARD NOT USED FOR ACTIVATION WHICH WE RECEIVED AFTER HER DEATH THUS WE WILL NOT GET ANY DEATH BENEFIT ON THAT CASE. THUS I WANT TO KNOW THE FACT . PLEASE REPLY WITH POSSIBILITIES.
Dear AMITAVA ..Unfortunately, this is correct, the Rupay card should be active and should have been used at least once.
Sir, what is the limit means how much money can we put in that pmjdy account. or from LIC the money can be transfer into that (pmjdy) account or not.
Dear Kaushal,
The deposit limit in Jan-Dhan accounts is Rs 1 lakh and for a lighter version of account that does not adhere to full know-your-customer or KYC norms, s, the limit is Rs 50,000.
No, you can not transfer amount from LIC policy to Jan Dhan bank account.
Sir,my dad is passed away may 2016.He opened account in SBI 2014.can I claim under pmjdy.
Dear santosh ..Kindly visit the bank and try submitting the claim.
sir me bht gareeb hu plz help me
my father have joint account with my mummy ..by stmoch decease he died on 8 sep…please tell me the procedure for claiming pmjdy …his ac is in bob main branch haldwani…
Dear Soumya..Kindly go through the points given under the section ‘Claim Settlement Procedure of Life Cover under PMJDY Scheme’. Do revert to me if you need any more details.
Can I know open the pmjdy account.and in which bank can I open the account.i have I’d like DL.VI.PAN
Dear Ashok..You can check out in Nationalized banks and some top pvt banks (like icici, hdfc, kotak, axis etc)
Hi Mr.Reddy.
My father passed away recently on 07/07/2016 he had a pdyjm account in punjab national bank.The account was opened on 02/02/2015 therefore was he eligible for the life insurance cover??? The nominee is my sister she to has a bank account in the same bank.Kindly revert back
Dear Ashad ..Yes, she can claim the insurance amount. Kindly go through the points given in the article.
Dear Sreekanths, I am working in LIC. And I have NPS . Can I eligible to open Atal Pension Yojana of Rs.5,000/- pension.
And i also heard govt employees are not eligible for Pradhan Matri Bima Yojan of 2lakh risk coverage ( Rs.313 premium )
Please can u clarify my queries.
Dear Manjunatha,
Yes, eligible for both the schemes.
Dear Sir
I submitted clim form14-06-16 in bank to lic office still any message not received so what do next plz advise me.
Dear raju ..Kindly follow up with your banker/insurer.
DEAR SIR,
I AM A CSP OPERATORE IN MOKOKCHUNG, NAGALAND AND ONE OF MY PMJDY ACCOUNT HOLDER IS EXPIRED ON 27/06/2016. HIS RUPAY CARD HAVE BEEN USED ONCE ONLY IN THE MONTH OF JUNE, 2015. THEREFORE, IN THIS REGARD, KINDLY LET ME KNOW WHETHER HE (THE DECEASED) IS ELIGIBLE FOR DEATH CLAIM.
REPLY REQUIRED VIA E-MAIL AS EARLY AS POSSIBLE.
THANKING YOU IN ANTICIPATION.
Dear IMSUYANGER..Yes, his/her nominee can submit the claim form at the earliest.
sir my father was dead on 3 nov 2015 but yet at 06/05/2016 lic is not giving us the claimed money the policy was of 15 years old all the paper works are completed but they are only saying that one day we will come to your village and survey about the death reasins and after that we will finalize the policy money but neither they came nor they are doing any action regarding this
please help me in this matter if you can my mo. no. is 90415270**
Dear rahul,
May I know the LIC plan name?
Kindly note that you can submit your complaint(s) to IRDA.
Kindly visit this link..click here..
Sir,
My Mother was expired 3 months ago. She had a PMJDY bank account in Indian Bank opened on July 2015 with 500 balnce. Bank manager is saying that you are not eligible for insurance claim because her account have only 500 rupees (since the account has opened). Thus she never paid any amount as insurance premium due to low balance.
So I want to know is it free life insurance or account holder has to pay premium.??? Also wants to share that she does not have that “rupay debit card”.
Dear Rishu,
I believe that life cover is available for the account holders who opened the accounts during the period d from 15-08-14 to 26-01-15.
Sir my grandfather wap dead in 25 dec 2015.iam apply for pmjdy claim 4n jan 2016 but reply cover not coming .what i do for fast benfit.
Dear sravan..Kindly follow it up with your banker/insurance company. Ideally the insurance claim has to be processed within 30 days.
Mujhe ye bataate huye bhi dukh ho raha hai ki…
Ye scheme(PMJDY )jhootha hai,
kisi ko iska faayda nahi milta hai.
Mere father ki death train accident me 16 september 2015 ko ho gayi. unka ragistation kiya hua tha iske liye account se balance bhi kata tha.
Bank manager se iske baare me pucha to usne kaha ki ab ye scheme nahi hai, aur iska laabh hum nahi le sakte..kai tarah se bataya fir hum ne uske baare me sochna hi chod diya.
Kisi ko mili ho to hume bataaye.
Nahi to mera ye msg PM tak pahucha de please..!
Dear Girish..Sad to hear this.
Kindly call this National Toll Free:-1800 11 0001 / 1800 180 1111
(Or) Kindly file RTI ..click here..
Wt is the postal address to claim under pmjdy
My father died with heart attack .my father having pmjdy account age 68 .
are we getting any insurance pmjdy scheme..
Dear Suresh,
Rs 30,000 will be provided as life insurance cover for all the first time bank account holders” who open the accounts under Jan Dhan Yojana Scheme (PMJDY). Kindly check with your banker and submit the claim form.
Dear Sunil,
Kindly read : ‘How to apply for a business loan under Mudra Yojana?‘
Reply
My Brother-in-law has expired in a road accident in December 2014, he has PMJDY account but he do not have ATM or any card for this account. How can we claim please suggest.
Dear Manish..the accident has happened almost 10 months back, so i am not sure if the claim will be accepted or not. Suggest you to approach the bank when he had savings account and submit claim form.
Dear sir I am bank mitra . I want to know about pmjdy .because one person was deied
Dear Abdul,
What exactly do you want to know? I have explained the ‘claim settlement’ procedure in the article itself.
My grand mom us died sooo what to do she has Jan Dhan Yojana.plz tell how to apply she has ATM card…
Dear Somu,
Who is the nominee of your Grandma’s Jan Dhan Account?
The nominee of the bank account holder has to intimate the bank (where the PMJDY saving account is active) about the death of the account-holder (the insured).
I have given the list of the required set of documents that have to be submitted at the bank in the article itself.
Kindly let me know if you need any other details.
sir, meri bade bhai 30 september m train se accident hua or expire ho gay..
sir unka pmjdy m account opening date 19-02-2015 hai….kya sir unko 30000/- wala clam mil sakta hai…..
Dear Atul,
Person opening a Bank account for the first time ( with RuPay Card ) during the period from 15-08-14 to 26-01-15 is eligible to get life cover.
But, kindly contact the banker and check if life insurance is available or not.
sir
my father died in accident . 1 lakh accidental insurance claim from rupay card is available for my fathers account . when i asked in iob bank they said only life insurance form is with then i.e(30000)form . they are not having form for accidental claim through rupay card what should i do
then how can i apply for accidental insurance through rupay card
Dear kaviarasu ..You may kindly download Accident insurance claim form from this link..click here..