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Your Ultimate guide to Shriram Life Pradhan Mantri Jeevan

Your Ultimate guide to Shriram Life Pradhan Mantri Jeevan

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Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana

What is Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana?

Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana (UIN: 128G058V01) is a non-linked non-participating renewable group term insurance plan that provides life insurance cover.

  • Every individual having a savings bank account in any bank is eligible for this scheme.
  • Aadhaar card acts as a primary KYC document.
  • Claim death benefits.
  • Buy affordable premiums for all sections of society.
  • Easy online enrolment process.
  • Premiums will be automatically deducted from the savings bank account.
  • Get guaranteed benefits plus tax exemptions with Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana.

Features and Benefits of Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana

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Life Cover

Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana provides life cover to insured persons.

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Affordable Premiums

The premium for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana is only ₹330 per member per year.

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Fixed Sum Assured

This policy comes with a fixed sum assured of ₹2 lakhs.

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Yearly Renewal

The premium is annual and the policy is automatically renewed each year.

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Simple Eligibility

All the persons having a savings bank account are eligible for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana.

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Aadhaar Based KYC

Aadhaar acts as the KYC for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana.

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How to Claim for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana

You can submit death claims, disability claims, cancer care claims and critical Illness claims for your Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana online on our website by following simple steps provided below.

claim life insurance

  • Step 01

    Come to the claim center, select intimate claim Button

  • Step 02

    Choose in the dropdown Request Type - death

  • Step 03

    Fill the details of insurer, death event, details of doctor who declared death (Doctor -Non mandatory)

  • Step 04

    Fill the personal and bank details of claimants and upload the documents

Documents to be uploaded

  • Death certificate issued by Local Body/Municipal Body
  • Nominee bank passbook
  • Postmortem report
  • Claim form B
  • Claim form A
  • Policy Document
  • Hospital Summary/Hospital records
  • Nominee ID proof (ID proof /address Proof)
  • FIR/ Panchnama/ Inquest Report and final investigation report
  • Upload Signature of claimant
  • Copy of driving license if Life Assured was driving the vehicle at the time of accident (applicable if Rider is opted)
  • NEFT mandate form
  • Claims form C and E wherever applicable
After submission, you will be receiving instant notifications and updates regarding the processing status of the claim. Please note that clear document records will ensure quick claim processes. For death claims, we would request you to please reach out to us as soon as possible and initiate the claim process. For processing death claims faster, we request you to please reach out to your nearest Shriram Life Insurance branch.
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Eligibility and Documents Required for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana

Age Criteria 18 – 50 years
Maximum Age at Maturity 55 years
Policy Term 1 year annually renewable
Premium Paying Term Yearly
Annual Premium ₹330 per member
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life insurance coverages

What does Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana covers?

Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana is a non-linked and non-participating yearly renewing life insurance plan that provides life protection to the policyholders. In case of the unexpected demise of the insured person when the policy is in force, the nominees or the beneficiaries will receive the sum assured under Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana.

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Download Documents for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana

All the policy-related documents are easily available online on the website for the comfort and ease of all our customers. You can simply visit our website www.shriramlife.com. go to the download section on the policy page and download the policy document, brochure and presentation.

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Policy Document

FAQ's

How easy is the claim process for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana?

The claim process for the Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana is really simple and disbursements are quick. This makes it one of the best-deferred annuity plans in India for policy holders.

 Can I take a loan against the Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana?

You cannot take a loan against the Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana.

Are there any incentives available for a higher purchase price under the Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana?

This plan comes with a fixed sum assured. Thus, there are no incentives for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana.

Can we pay the future premiums in advance for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana?

Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana comes with yearly renewals and you cannot pay future premiums in advance for this plan.

Testimonials

What our customers say about us

Quotation

I was recently involved in a payout request. They helped me with the smooth process to get the amount.

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Abha

Quotation

I have been associated with Shriram for a period of time. They have prompt and friendly service.

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Rasiya

Quotation

Shriram life insurance products are worth every penny. I am happy with their service.

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Nagamani

Quotation

I am associated with Shriram life insurance for more than a decade. They have a wide-range of policy that will suit everyone's needs.

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Manjunath

Quotation

I was recently involved in a payout request. They helped me with the smooth process to get the amount.

Profile

Abha

Quotation

I have been associated with Shriram for a period of time. They have prompt and friendly service.

Profile

Rasiya

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Disclaimer

For more details on risk factors, terms, and conditions please read the sales brochure carefully before concluding a sale.  

*Tax Benefits:  
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.  
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

IRDAI Regn No: 128  
CIN No : U66010TG2005PLC045616 of the Company

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.