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CentralSocial WelfareCentral Scheme

PM Jeevan Jyoti Bima Yojana (PMJJBY)

Managed by: Ministry of Finance (Department of Financial Services)

Apply via Official Portal Track Application

About the Scheme

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed annual renewable term life insurance scheme offering Rs. 2 Lakh coverage for a premium of just Rs. 436 per year, available to all savings bank account holders aged 18 to 50 years.

Welfare Benefits & Assistance

•Life insurance cover of Rs. 2 Lakh payable to the nominee in the event of the subscriber's death due to any cause (natural or accidental)
•Annual premium of only Rs. 436 — auto-debited from bank account, making it one of the cheapest term life insurance policies in India
•No medical examination required at the time of enrollment
•Insurance proceeds received by the nominee are generally exempt from Income Tax
•Policy is renewable annually with seamless auto-debit; no repeated paperwork required

Eligibility Criteria

State ResidencyMust be an Indian citizen

Age Limits18 to 50 years (coverage continues up to age 55 if enrolled before 50)

Family Income CapNo income restriction; open to all savings bank account holders

Social Class / CategoryOpen to all categories

Additional Prerequisites

Must hold an individual savings bank account or post office savings account
Must give consent for auto-debit of the annual premium from the linked bank account
Can join through only one bank or post office account
Aadhaar is the primary KYC document for the linked bank account

Documents Required for Application

Aadhaar Card (linked to the savings bank account)Savings Bank Account Passbook or Post Office Account detailsConsent-cum-Declaration Form (available at bank branch or via net banking)Nominee details (name, relationship, Aadhaar of nominee)Mobile Number linked with bank account

Tip: Keep scanned color copies of these documents ready before starting your application.

How to Apply (Step-by-Step Guide)

Navigate to the 'Social Security Schemes' or 'Jan Suraksha' section

Select 'PMJJBY' and provide consent for auto-debit of Rs. 436 annually

Enter nominee details and submit the enrollment form

Confirmation SMS will be sent to your registered mobile number

Who Should Apply?

✓All Indian citizens aged 18-50 who hold a savings bank account and want affordable life insurance
✓Low-income families seeking basic financial protection for their dependents
✓Individuals without any existing life insurance policy

Who Should NOT Apply?

✗Persons above 50 years of age who have not already enrolled
✗Individuals already holding adequate term life insurance coverage
✗Persons without an active savings bank account or post office account

Frequently Asked Questions (FAQs)

What is the premium for PMJJBY?

The annual premium is Rs. 436, which is auto-debited from your savings bank account. It is one of the most affordable life insurance policies available in India.

What is the coverage amount under PMJJBY?

The scheme provides a life insurance cover of Rs. 2 Lakh to the nominee in the event of the subscriber's death due to any cause — natural or accidental.

Is a medical examination required?

No. There is no medical examination required at the time of enrollment in PMJJBY.

What is the lien period?

For new subscribers, a 30-day lien period applies from the date of enrollment. No claim (except accidental death) is admissible for deaths occurring within these first 30 days.

Can I enroll in both PMJJBY and PMSBY?

Yes. PMJJBY covers life insurance (death due to any cause) while PMSBY covers accidental death and disability. Both can be taken together for comprehensive coverage.