Social WelfareNational SchemeOngoing
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Life insurance cover of ₹2 lakh for death due to any reason at just ₹436 per year for ages 18-50.
Ministry of Finance
What you get
Life insurance cover of ₹2 lakh for death from any cause. Annual premium of ₹436 (auto-debited from bank account). Available to individuals aged 18-50. Coverage continues till age 55. Renewable every year. Claim paid to nominee within 30 days. Available at all banks and post offices. Over 16 crore subscribers enrolled.
Who can apply
Individuals aged 18 to 50 years having a savings bank or post office bank account.
For: Bank account holders aged 18-50
Age: 18+ to 50 years
- Must have savings bank account
- Aadhaar linked to bank account preferred
- Consent for auto-debit required
- Can hold policy from multiple banks but premium paid only once
Documents required
General
- Savings bank account
- Aadhaar card
- Nomination form
- Auto-debit consent
Scheme code: PMJJBY