India currently is one of the fastest growing countries in the world. The current government wants to ensure that we are on fast track and hence has introduced various financial schemes to aid India's economic growth. The social scheme Pradhan Mantri Jeevan Jyoti Bima Yojana has been launched with the greater aim of increased insurance penetration to the masses.
To support the scheme we have launched ABSLI Pradhan Mantri Jeevan Jyoti Bima Yojana Plan which is a non-linked, non-participating, one year renewable group term insurance product that ensures financial security for the member's family in the event of unfortunate death of the member. The scheme will be administered by Banks and be guided by the scheme rules as specified by the Government of India from time to time. This scheme will provide the member with a life cover through a simple and quick hassle free process