FAQ's related to Pradhan Mantri Jeevan Jyoti Bima Yojana

There is no surrender value under the Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana.

You can apply for Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana if you have a savings bank account in any bank.

Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana is one of the most affordable life-term insurance plans. With a fixed premium, fixed sum assured and yearly auto-renewal, the process for applying and claiming settlement under Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana is really simple and seamless.

 You can receive death benefits under Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana only in case of the demise of the insured person.

After you buy your policy, you get 15 days (30 days in case business is sourced through distant marketing) to go through the terms and conditions of this policy. If you disagree with any of the terms and conditions, then you can return the policy by stating your reasons. This period of 15 days is known as the free-look period.

If you return your policy within the free-look period under Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana, then the cancellation of your policy will be processed and your premium will be refunded within 15 days from the date of receipt of the cancellation request.

If there is a delay in free look cancellation of the policy under Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana, then the company shall be liable to pay penal interest at 2% above the current bank rate.

In case of free look cancellation of the policy under Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana, you will receive the interest from the date of receipt of the request or the last necessary document, whichever is later.