HealthNational SchemeOngoing
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
PMJJBY provides Rs 2 lakh life insurance for Rs 436 per year for bank account holders aged 18–55 — one of the world's lowest premium life insurance schemes.
Ministry of Finance, GoI
What you get
Death due to any cause: Rs 2 lakh. Premium: Rs 436/year (auto-debited). Coverage: 1 June to 31 May. Age: 18–55 years. Renewable annually up to age 55. Nominee receives benefit tax-free. One PMJJBY per individual.
Who can apply
Savings bank account holders aged 18–55 years with valid Aadhaar. No medical examination required.
For: Bank account holders 18–55 years
- Auto-debit Rs 436 from bank account
- No medical test
- One policy per person
Documents required
General
- Bank account passbook
- Aadhaar card
- Enrollment form at bank or PMJJBY app
Scheme code: PMJJBY/2015