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How to Re-Join the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): A Step-by-Step Guide

Life can be unpredictable, and sometimes, in the hustle and bustle of managing finances, you may accidentally let go of important coverage like the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). If you or a loved one have previously exited this life insurance scheme, don't worry—it's possible to re-join and regain the crucial protection it offers. This guide is designed to help you understand the process, even if you're not familiar with financial terms or the importance of this coverage.

Who Should Read This Guide?

This guide is for innocent, everyday people who may not fully grasp the significance of life insurance or the details of financial schemes. If you've exited the PMJJBY at any point and are wondering how to get back in, this article will walk you through the process, ensuring you don't miss out on this vital protection.

Why Is Re-Joining PMJJBY Important?

The PMJJBY is a life insurance scheme that provides financial security to your family in the event of your untimely death. Exiting this scheme leaves you and your loved ones vulnerable, without the safety net that this policy offers. Re-joining ensures that you regain this protection, which is especially important if you're the primary breadwinner in your family.

Step-by-Step Process to Re-Join PMJJBY

Check Your Eligibility:

• Before anything else, make sure you meet the eligibility criteria. You need to be between 18 and 50 years old and have a valid savings bank or post office account. You can only re-join through one account, even if you have multiple accounts.

Understand the Premium Requirements:

• To re-join, you must pay the premium based on when you are re-enrolling, as outlined below:
  • June to August: Full annual premium of Rs. 436/-
  • September to November: Pro-rata premium of Rs. 342/-
  • December to February: Pro-rata premium of Rs. 228/-
  • March to May: Pro-rata premium of Rs. 114/-
• This premium will be auto-debited from your account.

Visit Your Bank or Post Office:

• Go to the branch where you hold your account. Ask them for the PMJJBY re-enrollment form. The staff should guide you through filling out the form.

Fill Out the Form:

• Complete the form with accurate details. Ensure you give consent for the auto-debit of the premium from your account. If you need help, don’t hesitate to ask the bank staff—they are there to assist you.

Submit the Form:

• Once filled, submit the form to the bank or post office. Keep a copy of the filled form for your records.

Understand the Lien Period:

• After re-joining, there is a 30-day lien period during which the insurance cover does not apply for deaths due to natural causes (deaths due to accidents are covered). This period is important to remember as it affects when your coverage truly begins.

Receive Confirmation:

• The bank or post office will process your re-enrollment. You should receive confirmation, either via SMS, email, or a physical receipt. Keep this confirmation safe.

What Happens If You Need to Make a Claim During the Lien Period?

If, unfortunately, the insured person passes away due to an accident during the lien period, the insurance benefit will still be applicable. However, for any other cause of death during this period, the insurance benefit will not be paid.