FAQS FOR PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA

Reasons for termination of the insurance

What can be other reasons for termination of the assurance on life of the member under Pradhan Mantri Jeevan Jyoti Bima Yojana through IDFC Bank?


  • Reasons for termination of insurance

The assurance on the life of the member shall terminate / be restricted accordingly on any of the following events:

  • On attaining age 55 years, subject to annual renewal up to that date (entry, however, will not be possible beyond the age of 50 years).
  • Closure of savings account with IDFC Bank
  • Insufficiency of balance in the IDFC bank savings account at the time of renewal.

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