Your Cookie Settings

Select and switch on & off the cookie settings you are comfortable with

Essential

These cookies are vital for smooth browsing, faster page loading, and ensuring the website works as it should. This feature is always active.

Performance & Statistical

These cookies recognize you, remember your preferences, and track site performance, ensuring proper functionality without direct identification.

Targeting

Targeting cookies customize your experience by showing offers that match your interests, making your visit more relevant and engaging.
ICICI Bank ICICI Bank

Secure Your Future with Social Security Schemes

 

Get life insurance cover of ₹2 lakh under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) – available to ICICI Bank Savings Account holders aged 18 to 50. Enjoy annual renewable cover, auto-debit premiums, and peace of mind for your family

 

ENROLL NOW

BEST FOR

Individuals Aged 18 to 50

  • ICICI Bank Savings Account holders

  • Families seeking affordable life cover

  • People looking for simple enrolment

  • Tax planners looking for 80C benefits

  • Anyone who wants financial protection for loved ones

How to Apply?

About the Product

Life Insurance for All

Affordable protection plan for individuals aged 18–50. ₹2 lakh cover in case of death due to any cause.

Simple Enrolment

Available online and offline with automatic premium debit from an ICICI Bank Savings Account.

Pro-Rated Premiums 

Premium varies based on enrolment month and channel,​​ at low and minimum rates.

Annual Auto-Renewal 

No need to reapply every year policy renews automatically unless cancelled. 

Government-Backed Security

Offered under a central government initiative in partnership with ICICI Bank and ICICI Prudential Life Insurance.

Policy Renewal
  • Auto-renews each year 
  • Annual premium debited between May 25–31 
  • To opt out, submit cancellation request before renewal

Termination Conditions 
  • When you turn 55 years old 
  • Closure of the Savings Account or insufficient balance 
  • If multiple policies are taken, only one claim is allowed; others get terminated 

Important Note:

  • For joint account holders wishing to enroll for PMSBY/PMJJBY, requests must be made at the ICICI Bank branch.
  • Terms and conditions apply.

FAQs

Who is eligible for PMJJBY?

Any ICICI Bank Savings Account holder aged 18–50 who gives consent for auto-debit and has Aadhaar-linked KYC.

Is a medical test required? 

No medical test is required. Just provide your health declaration and Aadhaar details.

Is the ₹2 lakh cover valid for any cause of death?

Yes, the cover applies to death due to any reason, including natural or accidental causes.

Can I take this plan through multiple bank accounts?

No. Only one PMJJBY policy is allowed per person. If found with multiple covers, excess premiums will be refunded and cover terminated.

Will I get tax benefits on the premium? 

Yes. Premiums paid are eligible for deduction under Section 80C of the Income Tax Act.

 

 

 

 

Disclaimer

Pradhan Mantri Jeevan Jyoti Bima Yojana is underwritten by ICICI Prudential Life Insurance Company Limited. ICICI Bank Limited (IRDAI Regn No.: CA0112) acts as a Corporate Agent. Terms and conditions apply. Please read the policy wording and exclusions carefully before purchasing.

Disclaimer

PROCEED