Janashree Bima Yojana (JBY)

The people who belong to lower-income groups can buy the Janashree Bima Yojana (JBY) life insurance policy to protect themselves financially in case of death, total disablement and partial disablement. The Government of India launched this scheme in 2000 to support 45 occupational groups.

Approved Vocation & Occupational Groups for Janashree Bima Yojana (JBY)

If you want to avail of this scheme, you need to be among the following groups.

Note – The scheme is also available for the urban poor and women in remote rural hilly areas besides the above group.

Benefits of Janashree Bima Yojana (JBY)

Death Benefit (Natural) – If the insured person dies during the policy term, the nominee of the policy will be entitled to a benefit of INR 30,000. This benefit amount will be paid in a lump sum, provided the policy is in force at the time of death and all due premiums are paid till that time. The death benefit amount of INR 30,000 will be valid in the case of natural death only. The insurer may require the insured person’s death certificate to process the claim. And if all the documents are proved to be true, the claim amount will be disbursed to the beneficiary bank account.

Death Benefit (Accident) – If the cause of death of the life insured is an accident, the nominee will receive an amount of INR 75,000. To claim this death benefit, the claimant needs to submit the following documents to the insurer –

1. A copy of FIR
2. Postmortem Report
3. Police Inquest Report (Panchanama)

Total Permanent Disability – In case the life assured becomes disabled due to an accident, the insurer will pay a compensation amount equivalent to INR 75,000. And you will be eligible to claim this benefit only if you submit the following proof –

1. Certificate of doctor certifying total permanent disability
2. Claim form-cum discharge receipt
3. A copy of FIR

Partial Permanent Disability – If the accident causes only a partial permanent disablement to the insured, the insurer will pay an amount of INR 37,500. And for this, you need to submit a certificate of doctor certifying partial permanent disability plus the duly filled claim form, discharge receipt, and the copy of FIR.

Important Points

1. You should ensure that the claim form is properly filled and supported by valid documents
2. Your bank account will be authenticated by the nodal agency
3. After that, the nodal agency will stamp the form with the LIC member ID and policy number
4. Later, they will forward it to LIC’s claim processing unit where the public life insurance
5. To get acceptance from LIC, you should forward all your claims within 6 months from the date of arising of claims