PM Jeevan Jyoti Bima Yojana (PMJJBY)

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Overview & About

Affordable life insurance at just ₹436/year providing ₹2 lakh coverage for all Indians aged 18–50 years.

PM Jeevan Jyoti Bima Yojana (PMJJBY) provides affordable life insurance to all Indians. At just ₹436 per year, it provides ₹2 lakh death benefit to the nominee. It is auto-renewed and premium is auto-debited from bank account. Over 16 crore people are enrolled in this scheme.

⚡ Key Facts

Authority Central Government

Annual Premium ₹436/year

Coverage ₹2,00,000 life cover

Enrolled 16+ crore people

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Benefits

Life insurance cover: ₹2,00,000
Annual premium: only ₹436
Paid to nominee on death of policyholder
Auto-renewal annually
Auto-debit from savings account

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Eligibility Criteria

Any Indian citizen aged 18–50 years
Must have savings bank account
Aadhaar linked to bank account
Can apply at any bank branch

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Required Documents

Aadhaar card, Bank account details, Nominee details

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How to Apply

1

Visit bank or apply via net banking/mobile banking

2

Fill PMJJBY enrollment form with nominee details

3

Give consent for auto-debit of ₹436/year

4

Policy active immediately after enrollment

5

Auto-renewed every June 1st

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Frequently Asked Questions

What happens if I miss the auto-debit date? ▾

If premium auto-debit fails (insufficient balance), the policy lapses. You can reinstate by paying the arrear premium within 45 days.

Can I have both PMJJBY and PMSBY? ▾

Yes, PMJJBY (life insurance) and PMSBY (accident insurance) are separate schemes and you can enroll in both simultaneously for comprehensive coverage.

Overview & About

Benefits

Eligibility Criteria

Required Documents

How to Apply

Frequently Asked Questions

Jump to Section

Quick Facts

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PM Jeevan Jyoti Bima Yojana (PMJJBY)

Overview & About

Benefits

Eligibility Criteria

Required Documents

How to Apply

Frequently Asked Questions

Jump to Section

Quick Facts

Need Help?

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