{"id":4330,"date":"2026-07-13T07:40:28","date_gmt":"2026-07-13T07:40:28","guid":{"rendered":"https:\/\/brokersaathi.com\/blogs\/?p=4330"},"modified":"2026-07-13T07:40:31","modified_gmt":"2026-07-13T07:40:31","slug":"pradhan-mantri-jeevan-jyoti-bima-yojana","status":"publish","type":"post","link":"https:\/\/brokersaathi.com\/blogs\/pradhan-mantri-jeevan-jyoti-bima-yojana\/","title":{"rendered":"PMJJBY &#8211; Pradhan Mantri Jeevan Jyoti Bima Yojana Eligibility, Benefits, Full Form &amp; More"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In India, most people still do not have any life insurance. If the earning member of a family dies suddenly, the family can be left with no money to manage daily expenses, loans, school fees, college fees, medical expenses, etc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To fix this issue, the government of India started a scheme, and it is called the Pradhan Mantri Jeevan Jyoti Bima Yojana, or PMJJBY Scheme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this complete article, we will learn what the PMJJBY Scheme is, who can join, the benefits of PMJJBY, how much it costs, what it covers, and how a family can claim the money if something happens to the policyholder.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>PMJJBY Policy Details<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Parameter<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Scheme Name<\/td><td>Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)<\/td><\/tr><tr><td>Launched On<\/td><td>9 May 2015, by PM Narendra Modi in Kolkata<\/td><\/tr><tr><td>Scheme&nbsp; Type<\/td><td>One-year renewable term life insurance<\/td><\/tr><tr><td>Managed By<\/td><td>Department of Financial Services, Ministry of Finance (via banks\/post offices + LIC and other insurers)<\/td><\/tr><tr><td>PMJJBY Eligibility Age <\/td><td>18 to 50 years (cover extends up to 55 years)<\/td><\/tr><tr><td>Basic Requirement<\/td><td>Savings bank account or post office account<\/td><\/tr><tr><td>Annual Premium<\/td><td>\u20b9436 per year (auto-debited)<\/td><\/tr><tr><td>Life Cover Amount<\/td><td>\u20b92,00,000 (fixed)<\/td><\/tr><tr><td>Cause of Death Covered<\/td><td>Any cause (natural, illness, or accident)<\/td><\/tr><tr><td>Medical Test Required<\/td><td>No<\/td><\/tr><tr><td>Policy Year<\/td><td>1 June to 31 May<\/td><\/tr><tr><td>Waiting Period<\/td><td>30 days (for non-accidental death only)<\/td><\/tr><tr><td>Tax Benefit<\/td><td>Deduction under Section 80C<\/td><\/tr><tr><td>Max Policies Per Person<\/td><td>1 (across all banks)<\/td><\/tr><tr><td>How to Apply<\/td><td>Bank branch, net banking\/mobile banking, or Jansuraksha portal<\/td><\/tr><tr><td>Claim Settlement Ratio<\/td><td>Around 99% (per DFS data)<\/td><\/tr><tr><td>Official Portals<\/td><td>financialservices.gov.in, jansuraksha.gov.in, myscheme.gov.in<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What Is PMJJBY (<\/strong>Pradhan Mantri Jeevan Jyoti Bima Yojana<strong>)?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed term life insurance scheme. It was announced by the Finance Minister in the 2015 Budget speech and launched by Prime Minister Narendra Modi on 9 May 2015 in Kolkata.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In simple words, PMJJBY is a one-year life insurance policy. If the person who has taken this policy dies during the year, for any reason, their nominee gets a payout of \u20b92 lakh. The policy is renewed every year as long as the person keeps paying the small premium and stays within the age limit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PMJJBY is a pure term insurance plan. This means it only pays money if the person dies. It does not build up any savings or maturity value. If the person survives the year, they do not get any money back. This is why the premium is so low.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Also Read &#8211; <a href=\"https:\/\/brokersaathi.com\/blogs\/e-shram-card\/\">e Shram Card<\/a> <\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Who Runs PMJJBY?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Pradhan Mantri Jeevan Jyoti Bima Yojana Scheme is offered through banks and post offices, where people already hold a savings account. The bank or post office links up with a life insurance company, mostly the Life Insurance Corporation of India (LIC), though other IRDAI-approved insurers also take part.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The premium is auto-debited from the subscriber&#8217;s savings account once a year, and the insurance company is responsible for paying the claim when a policyholder dies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Pradhan Mantri Jeevan Jyoti Bima Yojana<\/strong> <strong>Eligibilit<\/strong>y <\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The eligibility rules for <a href=\"https:\/\/en.wikipedia.org\/wiki\/Pradhan_Mantri_Jeevan_Jyoti_Bima_Yojana\" target=\"_blank\" rel=\"noopener\">PMJJBY Scheme<\/a> are simple and easy to understand:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Age: <\/strong>The person must be between 18 and 50 years old at the time of joining. Cover can continue up to age 55, as long as premiums are paid on time.<\/li>\n\n\n\n<li><strong>Bank account: <\/strong>The person must have a savings bank account or a post office savings account.<\/li>\n\n\n\n<li><strong>Consent for auto-debit:<\/strong> The person must give written or digital consent to let the bank auto-debit the yearly premium.<\/li>\n\n\n\n<li><strong>Aadhaar: <\/strong>A valid Aadhaar card is generally used as the main KYC (Know Your Customer) document.<\/li>\n\n\n\n<li><strong>NRIs: <\/strong>Non-resident Indians with an eligible Indian bank account can also join, but the claim amount is paid only in Indian rupees.<\/li>\n\n\n\n<li><strong>One policy per person: <\/strong>A person can hold only one PMJJBY cover, even if they have accounts in more than one bank. Extra enrolments do not increase the payout.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">There is no medical test needed to join PMJJBY. This is one of the biggest reasons the scheme has reached so many people across cities and villages.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Also Read &#8211; <a href=\"https:\/\/brokersaathi.com\/blogs\/saral-haryana-portal\/\">Saral Haryana Portal<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>PMJJBY Premium: How Much Does It Cost?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The annual premium for PMJJBY is \u20b9436 per year, per person. This rate has been in effect since 1 June 2022, when it was revised upward from the earlier \u20b9330, based on updated actuarial calculations by the government.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The premium is auto-debited from the subscriber&#8217;s savings account in one instalment, usually between 25 May and 31 May every year, since the policy year runs from 1 June to 31 May.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If a person joins the scheme partway through the year, they can pay a smaller, pro-rata premium instead of the full \u20b9436. The official Department of Financial Services table for pro-rata premium is as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Month of Enrolment<\/strong><\/td><td><strong>Premium Payable<\/strong><\/td><\/tr><tr><td>June, July, August<\/td><td>\u20b9436 (full annual premium)<\/td><\/tr><tr><td>September, October, November<\/td><td>\u20b9342<\/td><\/tr><tr><td>December, January, February<\/td><td>\u20b9228<\/td><\/tr><tr><td>March, April, May<\/td><td>\u20b9114<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">From the second year onward, the full annual premium of \u20b9436 is charged at every renewal, regardless of the month of the first enrolment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Pradhan Mantri Jeevan Jyoti Bima Yojana <\/strong><strong>Benefits and Key Features<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">PMJJBY is a low-cost life insurance scheme, and it gives financial support to your family if something happens to you. Below are some benefits and key features of Pradhan Mantri Jeevan Jyoti Bima Yojana:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Life cover of \u20b92 lakh: <\/strong>The nominee gets a lump sum of \u20b92 lakh if the policyholder dies during the policy year, for any reason, including natural death, illness, or accident.<\/li>\n\n\n\n<li><strong>Low, affordable premium: <\/strong>At \u20b9436 a year, this is one of the cheapest term insurances covers available in India.<\/li>\n\n\n\n<li><strong>No medical check-up:<\/strong> Anyone within the eligible age group can join without any health test.<\/li>\n\n\n\n<li><strong>Easy, paperless renewal:<\/strong> As long as there is enough balance in the linked bank account, the policy renews automatically every year.<\/li>\n\n\n\n<li><strong>Tax benefit: <\/strong>The premium paid for PMJJBY qualifies for deduction under Section 80C of the Income Tax Act.<\/li>\n\n\n\n<li><strong>Wide reach: <\/strong>The scheme is offered across public and private banks, regional rural banks, and post offices, making it accessible in both cities and villages.<\/li>\n\n\n\n<li><strong>High claim settlement: <\/strong>According to Department of Financial Services data, the claim settlement ratio under PMJJBY has stayed close to 99% to 100% in recent years, and the scheme has settled claims worth thousands of crores of rupees for lakhs of families since it began.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Also Read &#8211; <a href=\"https:\/\/brokersaathi.com\/blogs\/pm-awas-yojana-beneficiary-list\/\">PM Awas Yojana Beneficiary List<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What Is Not Covered: PMJJBY Exclusions<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">PMJJBY has very few exclusions, which is part of why it is so simple. The main exclusion is:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>30-day lien period: If a new subscriber dies of natural causes (not an accident) within the first 30 days of joining the scheme, the claim will not be paid. This 30-day rule does not apply to accidental deaths, which are covered from day one.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Apart from this waiting period, Pradhan Mantri Jeevan Jyoti Bima Yojana Scheme covers death due to any cause, whether it is illness, natural causes, or an accident. There is no separate exclusion list for pre-existing conditions, since the scheme does not ask for a medical test in the first place.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How to Apply for <strong>Pradhan Mantri Jeevan Jyoti Bima Yojana<\/strong><\/strong> (PMJJBY)? <\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">You can easily join the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). There are two common ways to do it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Option 1: Apply PMJJBY Policy Through Your Bank Branch<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Visit the branch of the bank where you hold a savings account.<\/li>\n\n\n\n<li>Ask for the PMJJBY enrolment form (also available on the bank&#8217;s website).<\/li>\n\n\n\n<li>Fill in your personal details, nominee details, and Aadhaar number.<\/li>\n\n\n\n<li>Sign the consent form allowing the bank to auto-debit the yearly premium.<\/li>\n\n\n\n<li>Submit the form at the branch. The bank will confirm your enrolment, usually through an SMS or a passbook entry.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Option 2: Apply PMJJBY Through Net Banking or Mobile Banking<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Log in to your bank&#8217;s net banking or mobile banking app.<\/li>\n\n\n\n<li>Go to the &#8220;Insurance&#8221; or &#8220;Social Security Schemes&#8221; section.<\/li>\n\n\n\n<li>Select Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).<\/li>\n\n\n\n<li>Enter or confirm your nominee details.<\/li>\n\n\n\n<li>Give your consent for the annual auto-debit.<\/li>\n\n\n\n<li>Submit the request and save the confirmation message for your records.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">PMJJBY can also be checked and managed through the government&#8217;s Jansuraksha portal (jansuraksha.gov.in) and on myscheme.gov.in, which lists PMJJBY along with its eligibility rules under the government&#8217;s central scheme directory.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How to Claim Pradhan Mantri Jeevan Jyoti Bima Yojana: What the Nominee Should Do<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If the policyholder passes away during the policy year, the nominee needs to follow these steps to receive the \u20b92 lakh benefit:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Inform the bank or post office branch where the deceased held the savings account linked to PMJJBY.<\/li>\n\n\n\n<li>Collect the claim form and discharge receipt from the bank, insurance company branch, or their website.<\/li>\n\n\n\n<li>Submit the death certificate, the filled claim form, the discharge receipt, and a cancelled cheque or bank account proof of the nominee.<\/li>\n\n\n\n<li>The bank verifies the enrolment and nominee details, then forwards the claim to the insurance company.<\/li>\n\n\n\n<li>The insurance company checks the documents and transfers the \u20b92 lakh amount directly to the nominee&#8217;s bank account.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">It helps to keep a copy of the enrolment confirmation, the nominee&#8217;s ID proof, and the deceased&#8217;s Aadhaar card ready, since these documents are usually asked for during the claim process.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>PMJJBY vs Regular Term Insurance: A Quick Comparison<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>PMJJBY<\/strong><\/td><td><strong>Private Term Insurance<\/strong><\/td><\/tr><tr><td>Cover amount<\/td><td>\u20b92 lakh (fixed)<\/td><td>Varies, can go up to \u20b91 crore or more<\/td><\/tr><tr><td>Annual premium<\/td><td>\u20b9436 (fixed)<\/td><td>Varies by age, cover, and health<\/td><\/tr><tr><td>Medical test<\/td><td>Not required<\/td><td>Often required for higher cover<\/td><\/tr><tr><td>Tenure<\/td><td>1 year, renewable up to age 55<\/td><td>Can be for 10 to 40 years, fixed term<\/td><\/tr><tr><td>Best suited for<\/td><td>Basic, low-cost protection<\/td><td>Full family income replacement<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">PMJJBY works well as a basic safety net, especially for people who cannot afford a bigger term plan. Many financial advisors suggest using PMJJBY as an add-on, not a replacement, if a family can also afford a larger term insurance policy separately.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Pradhan Mantri Jeevan Jyoti Bima Yojana, or PMJJBY, is one of the most affordable life insurances by the Government of India. At an annual premium of just \u20b9436, it provides <strong>\u20b92 lakh life insurance coverage<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the insured person passes away, this scheme helps provide financial support to the family. PPJJBY is a perfect scheme for people who come from low- and middle-income households.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Overall, Pradhan Mantri Jeevan Jyoti Bima Yojana remains one of the best government-backed insurance schemes for anyone looking for low-cost life cover. It offers peace of mind, financial security, and a simple enrolment process, making it an excellent option for first-time insurance buyers and families seeking basic protection.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Before enrolling, it is a good idea to check the latest terms on the official Department of Financial Services website (financialservices.gov.in), the Jansuraksha portal (jansuraksha.gov.in), or myscheme.gov.in, since the government can revise scheme rules and premium amounts from time to time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Frequently Asked Questions About PMJJBY<\/strong><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1783927306277\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Q1. <strong>Is PMJJBY Scheme available to everyone in India?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Ans. Yes, any Indian resident aged 18 to 50 with a savings bank account can join. NRIs with an eligible Indian bank account can also subscribe, though claims are settled only in Indian rupees.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1783927332621\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Q2. <strong>What happens if I miss a premium payment?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Ans. If there is not enough balance in the account for the auto-debit, the policy lapses. It can usually be revived by paying the premium again, subject to a fresh 30-day lien period for non-accidental death.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1783927356620\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Q3. <strong>Can I hold more than one PMJJBY policy?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Ans. No. A person is allowed only one PMJJBY cover, even across different banks. If duplicate enrolments are found, the extra ones are usually cancelled and the benefit stays capped at \u20b92 lakh.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1783927373779\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Q4. <strong>Does PMJJBY cover death by suicide?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Ans. Death by suicide is covered after the first 30 days of enrolment, as PMJJBY covers death due to any cause once the lien period is over.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1783927395240\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Q5. <strong>Is the PMJJBY premium eligible for a tax deduction?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Ans. Yes, the premium paid qualifies for a deduction under Section 80C of the Income Tax Act, subject to the overall Section 80C limit.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1783927418825\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Q6. <strong>How is PMJJBY different from PMSBY?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Ans. Yes, PMJJBY is different from PMSBY. PMJJBY is a life insurance scheme that pays on death due to any cause. Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a separate, even cheaper scheme that covers accidental death and disability only. Many people enrol in both, since they cover different situations.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>In India, most people still do not have any life insurance. If the earning member of a family dies suddenly, the family can be left with no money to manage daily expenses, loans, school fees, college fees, medical expenses, etc. To fix this issue, the government of India started a scheme, and it is called&#8230;<\/p>\n","protected":false},"author":1,"featured_media":4332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-policies"],"_links":{"self":[{"href":"https:\/\/brokersaathi.com\/blogs\/wp-json\/wp\/v2\/posts\/4330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brokersaathi.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brokersaathi.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brokersaathi.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/brokersaathi.com\/blogs\/wp-json\/wp\/v2\/comments?post=4330"}],"version-history":[{"count":7,"href":"https:\/\/brokersaathi.com\/blogs\/wp-json\/wp\/v2\/posts\/4330\/revisions"}],"predecessor-version":[{"id":4344,"href":"https:\/\/brokersaathi.com\/blogs\/wp-json\/wp\/v2\/posts\/4330\/revisions\/4344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brokersaathi.com\/blogs\/wp-json\/wp\/v2\/media\/4332"}],"wp:attachment":[{"href":"https:\/\/brokersaathi.com\/blogs\/wp-json\/wp\/v2\/media?parent=4330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brokersaathi.com\/blogs\/wp-json\/wp\/v2\/categories?post=4330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brokersaathi.com\/blogs\/wp-json\/wp\/v2\/tags?post=4330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}