Highlights of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY – Scheme 2 – for Life Insurance) are:

Eligibility: JKSB Bank Savings Bank (SB) Account holders between 18 years (completed) and 50 years who give their consent to join / enable auto-debit, as per the modality, will be enrolled into the scheme.

Policy period: The cover shall be for one year period starting from June 1 to May 31

Premium: Rs. 330 per annum.

Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available.

Risk Coverage: Sum Assured of Rs. 2 Lakh on death of the Insured member.