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Max Life shares claim process for Pradhan Mantri Bima Yojana
Max Life shares claim process for Pradhan Mantri Bima Yojana
Jun 10, 2015 | 274 VIEWS
Max Life Insurance has shared the claims settlement process of Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana. Pradhan Mantri Jeevan Jyoti Bima Yojana is a recently launched scheme by the government which will provide a cover of Rs.2, 00,000. In the event of death of the policyholder, the nominee has to follow below mentioned simple steps to make a claim under this scheme:

Process to be followed by Nominee:
1. Nominee to contact concerned branch of the Bank where insured member had his savings bank account & was covered under Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana.
2. Nominee will have to submit the below documents:
  • Duly completed Claim Form, 
  • Original/attested copy of Death Certificate of insured member 
  • Copy of cancelled cheque of nominee’s bank account or nominee’s bank passbook where name & account number is printed. NEFT mandate form attested by Bank can be submitted in case nominee’s bank passbook or cancelled cheque with printed name & account number are not available
Upon receipt of claim, Bank will: 
  • Verify the claim form 
  • Conduct a quality check on the claim documents to verify member and nominee details
  • Send the claim request to Max Life Insurance at Operations Center base out of Gurgaon for processing.
Max Life Insurance will settle the claim within 30 days from receipt of last document/clarification.

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