How nominee of deceased can claim Rs 2 lakh under Pradhan Mantri Jeevan Jyoti Bima Yojana


Nominees of policy holders of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) can claim the sum assured under the scheme in case of death of the insured person. This can also be done in cases where the policyholder has died due to novel coronavirus. However, any claim can be made only if the policy was in force at the time of the death of the insured.

Here is how a nominee can a file claim under the Pradhan Mantri Jeevan Jyoti Bima Yojana.

What is Pradhan Mantri Jeevan Jyoti Bima Yojana?

PMJJBY is a government-sponsored life insurance scheme that provides a sum assured or coverage of Rs 2 lakh, where the policyholder has to pay an annual premium of Rs 330. Anyone between the age of 18 years and 50 years and having a bank account can buy this insurance policy.

Do keep in mind that PMJJBY ceases to be in force once the policyholder turns 55 years. Consequently, after this age, the policy is no longer active/in force therefore no claim can be filed.

Here is the step-by-step guide for filing a claim under the PMJJBY scheme.

  • Documents to be submitted

To start the process of filing a claim under the PMJJY scheme, the nominee must first collect the death certificate from the Municipal Corporation.

After collecting the death certificate, the nominee will have to submit a duly filled claim form at the bank branch where the policyholder was enrolled for the scheme. The claim form can be downloaded from https://www.jansuraksha.gov.in. Here is the
link to download the form.

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The nominee also has to submit the duly filled ‘Discharge Receipt’ at the bank. The ‘Discharge Receipt’ form can also be downloaded
here. The claim form and discharge receipt can also be collected from a bank or any other designated source like the insurance company branch, hospital, etc.

Lastly, the nominee is required to give a cancelled cheque of his/her bank to receive the money.

  • Steps to file claim with the bank

Step 1: The nominee is required to approach the bank branch where the policyholder enrolled for the PMJJBY scheme. If needed, the nominee can collect the claim form, discharge receipt from the bank branch or download soft copies from https://www.jansuraksha.gov.in

Step 2: The nominee is required to submit the duly filled claim form, discharge receipt, and death certificate along with the cancelled cheque of his/her bank.

The maximum time that will be taken to process the claim is 60 days from the date of submission of documents to the bank.

  • Steps that will be taken by the bank to process the claim

Once the bank has received the duly filled forms and other documents from the nominee, they are required to verify whether the deceased individual was covered under the scheme.

Bank will also verify the claim form and the nominee details from the records available with them. Once the details are verified, the bank will forward the claim form to the insurance company. The bank must verify and forward the duly filled claim form to the insurance company within 30 days from the submission of the claim.

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  • Steps that will be taken by the insurance company to process the claim

The insurance company is required to ensure the duly filled form is complete in all respects and all the relevant documents have been attached. The insurance company will further verify that no other death claim settlement has been processed for the member through any other account.

If the documents and other details are in order, then the insurance company will release the payment and intimation will be sent to both the nominee and the bank.

The maximum time limit for an insurance company to approve the claim and disburse the money is 30 days from the receipt of the claim from the bank.

Source: www.jansuraksha.gov.in



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