Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Department of Financial Services, Ministry of Finance
Pradhan Mantri Jeevan Jyoti Bima Yojana provides Rs 2 lakh life cover for any cause of death, for an annual premium of Rs 436 auto debited from a savings account. Indian residents aged 18 to 50 with a bank account can join through their bank, and cover continues up to age 55.
Key facts
- Nodal ministry
- Department of Financial Services, Ministry of Finance
- Level
- Central
- Launched
- 2015
- Last date
- Open all year for enrolment. Policy year runs 1 June to 31 May and renews on payment.
- Helpline
- 1800-180-1111
What you get
Life insurance cover of Rs 2 lakh paid to the nominee on death of the insured due to any cause, for an annual premium of Rs 436, auto debited from the linked bank account.
Who is eligible
Indian residents aged 18 to 50 years with a savings bank account who give consent for auto debit. Cover continues up to age 55 subject to premium payment.
Documents you need
Aadhaar card, bank account or passbook, consent cum declaration form, nominee details
How to apply
Approach your bank branch or use net banking or the mobile banking app to submit the PMJJBY consent form. Authorise annual auto debit of the premium from your account by 31 May each year.
Frequently asked questions
What is the PMJJBY premium?
The annual premium is Rs 436, auto debited from the subscriber's linked savings bank account by 31 May each year.
Who is eligible for PMJJBY?
Indian residents aged 18 to 50 years with a savings bank account who give consent for annual auto debit of the premium.
How much life cover does PMJJBY provide?
PMJJBY pays Rs 2 lakh to the nominee on death of the insured due to any cause, while the policy is active.
How do I enrol in PMJJBY?
Submit a consent form at your bank branch, or enrol through net banking or your bank's mobile app, authorising annual auto debit of the premium.
Till what age can I stay covered under PMJJBY?
Cover can continue up to age 55, as long as the annual premium is paid on time.