Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana

Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana is a non-linked non-participating one year renewal group term insurance plan. The Max life PMJJBY scheme also has certain features and benefits which would help you decide whether this is the right option for you. The PMBBJY scheme covers a period of one year. The premium amount is also low, which makes it affordable. The premium automatically gets deducted from the account holder’s savings account, and therefore the investor does not need to worry about paying premium on time. In case of death, the death benefit is 2 lakhs.