Terms and Conditions of Pradhan Mantri Jeevan Jyoti Bina Yojana

• Before availing the policy, go through terms and conditions for Axis Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana. In case you have any queries please go through this section for the T&C for Axis Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana. If any of your concerns have not been addressed here, please do get in touch with us.

  The insurance cover for the member shall terminate on any of the following events and no benefit will be payable there under:

  • Expiry of Policy Term or Member Coverage Term and non renewal thereafter
  • Date of death of the member
  • Date on which due premiums for this Cover remaining unpaid On Member attaining Maturity Age subject to annual renewal upto that date
  • Closure of account with the Bank or insufficiency of balance to keep the insurance in force.
  • In case a member is covered through more than one account and premium is received by the Max Life Insurance inadvertently, insurance cover will be restricted to one only and the premium shall be liable to be forfeited
  • If the insurance cover is ceased due to any technical reasons such as insufficient balance on due date or due to any administrative issues, the same can be reinstated on receipt of full annual premium, subject to conditions that may be laid down.

  The policy can also terminate in accordance with the changes in the Rules of the Scheme notified by the Government of India under Pradhan Mantri Jeevan Jyoti Bima Yojana from time to time.

  Disclaimer

  Life Insurance coverage is available in this product. This Life Insurance Product Is Offered and Underwritten By Axis Max Life Insurance Limited (earlier known as Max Life Insurance Company Limited). The Life Insurance contract is between the Proposer and Axis Max Life Insurance Limited (earlier known as Max Life Insurance Company Limited).

  Customer should not be insured under Axis Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana under any other Saving Bank Account of any other bank. In case the same is found to exist, premium shall stand forfeited and no claims would be paid.

  Policy shall not be issued if nominee details are not provided. No separate intimation shall be provided for the same.

  By giving his consent to the scheme, the customer agrees to abide by the terms and conditions of the Scheme and to conveying his personal details, as required, regarding his admission into the Axis Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana to Axis Max Life Insurance Limited (earlier known as Max Life Insurance Company Limited). Under Group Policy no. Max 35001633 certifying coverage as per the Scheme, subject to correctness of information provided regarding eligibility and receipt of consideration amount.

  He also agrees that all information shared by him will form the basis of admission to the above Scheme and that if any information be found untrue; his membership to the Scheme shall be treated as cancelled.

  The date of commencement of the scheme is 1st June 2015. The next Annual renewal date shall be each successive 1st of June in subsequent years.

  Axis Max Life Insurance Limited (earlier known as Max Life Insurance Company Limited) is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Corporate Office: 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana)- 122002. For more details on risk factors, terms and conditions, please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws. Insurance is the Subject matter of solicitation. You can call us on our Customer Helpline No. 1860 120 5577 (9:00 AM to 6:00 PM Monday to Saturday). Website: www.axismaxlife.com

  Regn. No. CAO069 | IRDAI Regn. No. 104

  Insurance is subject matter of solicitation. For further details, customer helpline number 18601205577

  Axis Bank Limited is the Corporate Agent of Max Life Insurance Co. Ltd. Axis Bank Limited, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400025. IRDAI Certificate Regn. No: CA0069. The purchase of a Max Life Insurance product by Axis Bank's customer is purely on a voluntary basis. As Axis Bank is not in the business of insurance, there is no link either direct or indirect between the banking services offered by the bank to its customers and use of the insurance products.

  1. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to public that:

• IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
• IRDAI does not announce any bonus.
• Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number