Bank Of Baroda

The Bank Of Baroda PMJJBY – Pradhan Mantri Jeevan Jyoti Bima Yojana

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In the face of life’s uncertainties, financial security stands as a beacon of hope, safeguarding individuals and their families against unforeseen events.

The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-sponsored insurance scheme designed to provide affordable life insurance coverage to individuals across India.

Bank of Baroda, a prominent public sector bank, plays a pivotal role in facilitating the enrollment and claim settlement process for PMJJBY, ensuring that its customers can access this vital protection.

This article delves into the world of Bank of Baroda PMJJBY, exploring its features, eligibility, and benefits.

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What is Bank of Baroda PMJJBY?

Bank of Baroda PMJJBY is a low-cost term insurance scheme that offers life insurance coverage for accidental death or permanent total disability.

Under this scheme, individuals can enroll for an annual premium of just ₹330, providing a financial lifeline to their families in case of unfortunate events.

Who is Eligible for Bank of Baroda PMJJBY?

To be eligible for Bank of Baroda PMJJBY, individuals must meet the following criteria:

  • Age: The applicant must be between 18 and 60 years of age at the time of enrolment.
  • Savings Bank Account: The applicant must have an active savings bank account with Bank of Baroda or any other participating institution.
  • Auto-Debit Consent: The applicant must provide consent for auto-debit of the annual premium of ₹330 from their savings bank account.

How to Enroll in Bank of Baroda PMJJBY

Enrolling in Bank of Baroda PMJJBY is a straightforward process:

  1. Eligibility Check: Check your eligibility by visiting a Bank of Baroda branch or by contacting customer care.
  2. Application: Complete an application form and provide the required documents.
  3. Auto-Debit Consent: Provide consent for auto-debit of the annual premium of ₹330 from your savings bank account.
  4. Enrollment Confirmation: Upon successful enrollment, you will receive a confirmation message or a policy document.
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