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Insurance

SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana ()

One-year renewable group term cover for eligible savings-account holders, with fixed ₹2 lakh life cover and published annual premium.

Policy typeUIN 142G047V02: one-year renewable group term insurance schemeSum assuredFixed sum assured of ₹2 lakh per memberPremium₹436 annual premium; pro-rata payment option is available
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Quick eligibility check

SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana ()

0 of 8 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Savings-account holders eligible under the PMJJBY enrolment rules?

Published source: Eligibility

2Do you meet this requirement: electronic voluntary enrolment may receive a premium discount?

Published source: Eligibility

3Does your age meet this requirement: The reviewed Union page does not restate the scheme's numeric age band?

Published source: Entry age

4Do you meet this requirement: PMJJBY enrolment and renewal rules apply?

Published source: Entry age

5Does your age meet this requirement: Savings-account holder enrolment and the government scheme's age/consent rules apply?

6Document checkDo you have this required document or proof: Union Bank savings-account and consent details?

Published source: Eligibility

7Document checkDo you have this required document or proof: KYC and nominee details?

Published source: Eligibility

8Document checkDo you have this required document or proof: Premium debit authorisation?

Published source: Eligibility
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 4 Sept 2026 · active
Offered byUnion Bank of India

India; savings-account enrolment and scheme rules apply

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Policy typeUIN 142G047V02: one-year renewable group term insurance schemeView source
The page identifies as a one-year renewable group term scheme for savings-account holders.
Source
Term Plans — Union Bank of India
Page / section
SUD Life overview
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Sum assuredFixed sum assured of ₹2 lakh per memberView source
The official page states a fixed ₹2,00,000 sum assured per member.
Source
Term Plans — Union Bank of India
Page / section
SUD Life sum assured
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Premium₹436 annual premium; pro-rata payment option is availableView source
The current term-plan page publishes the ₹436 premium and pro-rata option.
Source
Term Plans — Union Bank of India
Page / section
SUD Life premium
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Policy term1 year renewable; insurance period is 1 June to 31 MayView source
The official page states the one-year renewable period and annual insurance dates.
Source
Term Plans — Union Bank of India
Page / section
SUD Life policy term
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
EligibilitySavings-account holders eligible under the PMJJBY enrolment rules; electronic voluntary enrolment may receive a premium discountView source
The page describes as cover for savings-account holders and mentions electronic voluntary enrolment discounts.
Source
Term Plans — Union Bank of India
Page / section
SUD Life eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Insurer/scheme administratorSUD Life / Star Union Dai-ichi Life Insurance channel through Union Bank; PMJJBY scheme terms applyView source
The page lists within the SUD Life term-plan channel.
Source
Term Plans — Union Bank of India
Page / section
SUD Life
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Entry ageThe reviewed Union page does not restate the scheme's numeric age band; PMJJBY enrolment and renewal rules applyView source
The page confirms savings-account-holder enrolment but does not publish a numeric age threshold in the reviewed section.
Source
Term Plans — Union Bank of India
Page / section
Complete age review
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Waiting periodNo waiting period is stated on the reviewed PMJJBY page; scheme certificate and master-policy terms applyView source
The page publishes premium, sum assured and annual period but no waiting-period condition.
Source
Term Plans — Union Bank of India
Page / section
Complete waiting-period review
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Key exclusionsNo exclusion schedule is published on the reviewed PMJJBY page; the government scheme certificate and master policy control exclusions and claim conditionsView source
The current page is a summary of cover, premium and period and links to the brochure for detailed terms.
Source
Term Plans — Union Bank of India
Page / section
Complete exclusions review
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Key coverageFixed life cover of ₹2 lakh; Annual premium ₹436 with pro-rata payment option; Electronic-enrolment premium discounts may be available; One-year renewable cover from 1 June to 31 MayView source
The manually reviewed product benefits state: “Fixed life cover of ₹2 lakh; Annual premium ₹436 with pro-rata payment option; Electronic-enrolment premium discounts may be available; One-year renewable cover from 1 June to 31 May”.
Source
SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana () — official product page
Page / section
Published coverage and benefits
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsFixed life cover of ₹2 lakh; Annual premium ₹436 with pro-rata payment option; Electronic-enrolment premium discounts may be available; One-year renewable cover from 1 June to 31 MayView source
The manually reviewed product record states: “Fixed life cover of ₹2 lakh; Annual premium ₹436 with pro-rata payment option; Electronic-enrolment premium discounts may be available; One-year renewable cover from 1 June to 31 May”.
Source
SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana () — official product page
Page / section
Published product metadata
Accessed
4 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Fixed life cover of ₹2 lakh
  • Annual premium ₹436 with pro-rata payment option
  • Electronic-enrolment premium discounts may be available
  • One-year renewable cover from 1 June to 31 May

Eligibility

  • Savings-account holder enrolment and the government scheme's age/consent rules apply; the reviewed Union page does not repeat a separate age threshold.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Union Bank savings-account and consent details
  • and nominee details
  • Premium debit authorisation

Related official documents

Term Plans — Union Bank of Indiaofficial-product-page · current · accessed 4 Sept 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

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Life-cover needs estimate

See whether your current cover and savings may leave a gap for your family. This does not calculate an insurance premium.

Possible cover gap₹1,15,00,000one crore fifteen lakh rupees
Income your family may need₹1,00,00,000one crore rupees
Cover and savings already counted₹5,00,000five lakh rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

SUD Life Protect Shield Plus · Policy typePure-risk individual life

This value is copied from Union Bank life plans — published terms. Check the table notes before relying on it.

Source: Protection Plans — Union Bank of India · Protection Plans and Term Plans Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 2 rows · 5 columnsUnion Bank life plans — published termsTerms transcribed from the current Union Bank protection and term-plan pages.View tableHide table

Scroll sideways to view every column

Union Bank life plans — published terms
PlanPolicy typeSum assuredPremium/termPublished benefits
SUD Life Protect Shield PlusPure-risk individual life₹1 crore–₹2 crore, ₹25 lakh multiplesTerm 5–40 years depending on payment mode; premium is quote basedLump-sum death benefit; tax disclosures
SUD Life One-year renewable group termFixed ₹2 lakh/member₹436 annual; 1 June–31 MaySavings-account holder cover; pro-rata option; electronic enrolment discount
  • Eligibility, underwriting, exclusions and claim rules remain subject to insurer/scheme wording.
Protection Plans — Union Bank of India · Protection Plans and Term Plans · accessed 4 Sept 2026Open official source ↗

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