Pradhan Mantri Jeevan Jyoti Bima Yojana
Pradhan Mantri Jeevan Jyoti Bima Yojana provides life insurance coverage of ₹2 lakh for individuals aged 18 to 50.
Key facts
| Life cover | ₹2 lakh (death due to any cause) |
|---|---|
| Premium | ₹436 per year, auto-debited from your bank account |
| Age | 18 to 50 to join (cover continues to age 55) |
| Needs | A savings bank or post-office account |
| Renewal | Yearly auto-debit (around end-May/June) |
| Application window | Annual window — confirm dates on the official portal |
Benefits
The scheme offers a life insurance cover of ₹2 lakh for death due to any reason, with an annual premium of ₹436, automatically deducted from the account.
Who can apply
- Age 18–50
- has savings bank account
Individuals aged between 18 and 50 years who hold a savings bank account with a participating bank or post office can apply. Those without a bank account or outside the specified age range are not eligible.
How to apply
Applications can be submitted online or offline through participating banks or post offices.
- Download the consent-cum-declaration form from the official website.
- Fill out and sign the application form.
- Attach self-attested copies of required documents, if any.
- Submit the completed form to the authorized official at the bank or post office.
- Receive the acknowledgment slip and certificate of insurance from the official.
Common problems and how to fix them
| Problem | What to do |
|---|---|
| Cover lapsed | Keep enough balance for the annual auto-debit; if it lapsed, re-enable the cover through your bank. |
| How to make a claim | The nominee submits the claim with the death certificate at the bank branch where the account is held. |
| Enrolled through multiple accounts | You can be covered through only one account; premiums paid on duplicate enrolments are not refunded. |
Frequently asked questions
What is the premium payment process for PMJJBY?
The premium of ₹436 is automatically deducted from the subscriber's bank or post office account.
How long is the insurance coverage valid?
The coverage is valid for one year, from June 1 to May 31, and can be renewed annually.
Can I enroll in PMJJBY after the initial enrollment period?
Yes, delayed enrollment is allowed with a reduced premium based on the month of enrollment.
Are NRIs eligible for this insurance scheme?
Yes, NRIs with an eligible bank account in India can apply, but claims will be paid in Indian currency.
What happens if I want to exit the scheme?
Subscribers can exit and rejoin later, provided they meet the eligibility criteria at the time of re-enrollment.
Does the scheme cover deaths from natural disasters?
Yes, deaths from natural calamities, as well as suicide and murder, are covered under the scheme.
What does PMJJBY cover?
Death due to any reason — ₹2 lakh is paid to your nominee.
Can I also take the accident-cover scheme?
Yes — many people hold PMJJBY (life) and the separate accident-insurance scheme together.
Always confirm the latest details on the official portal before applying.
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