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Ministry Of Finance

Pradhan Mantri Jeevan Jyoti Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an insurance scheme offering life insurance cover for death due to any reason. It is a one-year cover, renewable from year to year. The scheme is offered by banks/post offices and administered through life insurance companies.

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  • Details
  • Benefits
  • Eligibility
  • Application Process
  • Frequently Asked Questions
  • Sources And References
  • Details

    Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an insurance scheme offering life insurance cover for death due to any reason. It is a one-year cover, renewable from year to year. The scheme is offered by banks/post offices and administered through life insurance companies. All individuals who are account holders of participating banks/ post office in the age group of 18 to 50 years are entitled to join.

    Benefits

      PMJJBY offers one- year term life cover of ₹ 2.00 Lakh to all the subscribers in the age group of 18-50 years.
      It covers death due to any reason.
      Premium payable is ₹ 436/- per annum per subscriber, to be auto debited from the subscriber’s bank/post office account.

    Eligibility

      The age of the applicant must be between 18 to 50 Years.
      The applicant must hold an individual bank / post office account.

    Application Process

    • Offline
    • Online

    Frequently Asked Questions

    Sources And References

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