PM Jeevan Jyoti Bima Yojana Registration 2026
PMJJBY gives ₹2 lakh life cover for ₹436 a year, auto-debited from your bank account. Under this, life insurance up to ₹2 lakh can be obtained by paying only ₹330 annual premium.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an insurance scheme offering life insurance cover for death due to any reason. There is a government insurance scheme, which can be availed by all the people of the country. The scheme is offered by banks/post offices and administered through life insurance companies.
PMJJBY is a pure-term insurance policy, which covers only mortality without any investment component. It is a one-year cover, renewable from year to year. It provides a cover of Rs.2 lakh on the sudden demise of a policyholder for a nominal premium of Rs.330 per annum. The premium payable is eligible for tax benefits as a deduction under section 80C of the Income Tax Act.
Pradhan Mantri Jeevan Jyoti Bima Yojana
Pradhan Mantri Jeevan Jyoti Bima Yojana is a government life insurance scheme launched by the Government of India. It aims to provide financial security to the family of an individual in case of his/her sudden death. All individuals who are account holders of participating post office in the age group of 18 to 50 years are entitled to join. Under this, life insurance up to ₹2 lakh can be obtained by paying only ₹330 annual premium.
This plan is essential for every bank account holder. Whether you are employed or self-employed, this plan ensures the safety of your family. If you want financial security for your family, you can apply for the Pradhan Mantri Jeevan Jyoti Bima Yojana.
Eligibility for PMJJBY
- To avail this plan, individuals must be between 18 and 50 years of age.
- Also, you must have an active savings bank account.
- You must consent to auto-debit premiums from your bank account.
- There are no medical tests for this plan.
- This means that anyone can easily join and ensure the safety of their family.
Documents Required for PMJJBY
- Applicant’s Aadhaar Card
- Bank Account Passbook
- Identity Card
- Mobile Number
- Passport-size photo
- PAN card
- Nominee’s bank passbook
- Claim form (provided by the bank)
How to apply for Pradhan Mantri Jeevan Jyoti Bima Yojana
An individual can join the scheme through the bank in which he holds the savings account.
Step 1: First, visit your nearest bank branch where you have a savings account.
Step 2: Get an application form from the bank and fill in your personal information and bank account details correctly.
Step 3: Submit the required documents along with the application, such as: savings bank account details, Aadhaar card or other identification card, mobile number.
Step 4: After submitting all the details and documents, the bank official will provide you with a confirmation of your form submission.
Step 5: After submitting the form and giving consent for auto-debit, your insurance cover is immediately applicable.
PMJJBY and PMSBY are not the same thing
They are sold at the same counter and often enrolled together, which is why people confuse them. They cover different risks.
| Feature | PMJJBY | PMSBY |
|---|---|---|
| Type of cover | Life — death from any cause | Accident — death or permanent disability by accident only |
| Annual premium | ₹436 | ₹20 |
| Sum assured | ₹2 lakh | ₹2 lakh (death or total disability); ₹1 lakh (partial disability) |
| Entry age | 18–50 years | 18–70 years |
| Cover ends at | 55 years | 70 years |
| Waiting period | 30-day lien for non-accidental death | None |
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is affordable, simple, and reliable. The biggest advantage of this plan is that it offers significant protection at a low premium. By paying a small premium of just ₹330 annually, you can benefit from a life insurance cover of up to ₹2 lakh. The insurance company has 30 days to settle the claim form the receipt of the claim from the bank.
Frequently Asked Questions
How do I pay the premium for PMJJBY?
The premium will be deducted from the account holder’s bank / Post office account.
Does PMJJBY cover death by suicide?
The scheme covers death due to any cause after the lien period. Individual insurers apply the master policy terms.
What is the minimum eligibility to subscribe to PMJJBY?
All savings bank account holders in the age 18 to 50 years.
Are NRIs eligible for coverage under PMJJBY?
Any NRI having an eligible bank account with a bank branch located in India is eligible for purchase of PMJJBY cover.
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