Can NRIs Avail the Benefits of PM Jeevan Jyoti Bima Yojana? Know the Rules

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) stands as a significant insurance initiative aimed at providing life cover against all potential causes of death.

While it primarily targets Indian residents, there’s a lingering question: Can non-resident Indians (NRIs) also tap into its benefits? Let’s delve into the rules to unravel this query.

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Understanding PMJJBY Scheme:

PMJJBY offers a one-year life insurance cover, renewable annually, safeguarding individuals against all causes of death.

The scheme operates through participating banks, post offices, and designated life insurance companies.

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Premium Payment Mechanism:

The premium for PMJJBY is conveniently deducted from the account holder’s bank or post office account through the ‘Auto Debit’ facility. This seamless process ensures timely payment without hassle.

Benefits Offered:

PMJJBY extends a life cover of Rs 2 lakh for a duration of one year to eligible customers falling within the age bracket of 18-50 years.

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Crucially, this cover encompasses death resulting from any cause, providing comprehensive protection.

Eligibility for NRIs:

Addressing the crucial question of NRIs’ eligibility, the scheme offers an affirmative response.

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Any non-resident Indian maintaining a bank account in an Indian branch can avail coverage under PMJJBY, subject to meeting prescribed terms and conditions.

In the event of a claim, NRIs are entitled to receive the claim amount in Indian currency, ensuring a seamless process.



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