Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Cover₹2 lakh (death due to any cause)
Premium₹436 per year
Age18 to 50 years (cover till 55)
RenewalEvery year 1 June to 31 May
⚠️ The government may change the premium and terms. Confirm with your bank or jansuraksha.gov.in.
What is the scheme?
PMJJBY is a one-year renewable life insurance scheme. The premium is auto-debited from your savings account each year and on death from any cause the nominee receives ₹2 lakh.
Key benefits
- ₹2 lakh life insurance
- Low premium: ₹436 per year
- Auto-debit from the bank account, no extra hassle
Eligibility – who can apply
- Age 18 to 50 years
- Has a bank/post office savings account
- Aadhaar-linked account
- Name your nominee when joining
Who is not eligible / things to note
- New applicants above 50 years
- If the account lacks balance for the premium, the cover can lapse
Documents required
- Aadhaar card
- Savings account details
- Nominee details
- Mobile number
How to apply (step by step)
- Find the PMJJBY option at your bank/post office branch, net banking or mobile app
- Fill the form and give consent for auto-debit
- Fill the nominee's name and relationship
- Keep enough balance so the premium can be debited every year
Frequently asked questions
What is the PMJJBY premium?
₹436 per year (the premium can change, so confirm with the bank).
How to make a claim?
The nominee must submit the claim form, death certificate and documents at the bank branch.
Is death due to any cause covered?
Yes, as per scheme terms ₹2 lakh is paid for death from any cause.
Beware: Do not pay any agent or website in the name of applying for a government scheme. Applying on the official portal is generally free. Do not share OTP, PIN or confidential bank details with anyone.