PMJJBY Life Insurance Enrollment via Karnataka Bank (LIC Partner)
Official PMJJBY registration and claim disbursement guide for Karnataka Bank (LIC Partner) account holders.
Sum Insured / Cover
₹2 Lakh Term Life Cover
Annual Premium
₹436 / year (Auto-debit from Account)
Claim Settlement
98.5% (Direct Nominee DBT)
Network / Scope
All-India Empaneled
✦ Key Benefits & Policy Coverage
Direct digital auto-debit facility for PMJJBY through Karnataka Bank (LIC Partner) savings account. Provides guaranteed ₹2 Lakh death payout to nominee with simplified electronic claim filing.
What is Missing: Critical Policy Exclusions & Limitations
Eligo disclosure: Private insurance agents and official ads rarely mention these limitations. Verify before relying on this coverage.
Excludes deaths occurring within first 30 days unless caused by accident. Termination at age 55. Premium deduction fails if account balance is below ₹436 on May 31.
✦ Eligibility Requirements
Savings bank account holders in Karnataka Bank (LIC Partner) aged between 18 and 50 years with Aadhaar linked.
✦ Application, Enrollment & Claims Process
1. Access KBL Mobile Plus -> Insurance -> PMJJBY Auto Mandate.
2. Authorize ₹436 annual auto-debit mandate.
3. Nominee details auto-populated or entered.
4. Instant confirmation SMS and policy certificate.Official Portal
Official Government / PSU Portal
Apply or verify on the official administrative domain
✦ Documents Checklist
Aadhaar Card, Karnataka Bank (LIC Partner) Savings Account, Nominee Bank Details.
✦ Life Situations Where This Scheme Helps
👶👩
Having a Baby & Early Childhood
Government financial assistance, healthcare, nutritional support, and savings schemes for expecting mothers, newborns, and infants.
Widow & Destitute Women Support
Direct monthly pension support, skill training, daughter marriage financial aid, and rehabilitation for widowed or deserted women.
Underwriting Entity & Public Grievance Contact
Administering Body:
Government of India