Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Know the coverage, benefits, eligibility, and application process for (PMJJBY) Pradhan Mantri Jeevan Jyoti Bima Yojana.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
3 min

Life insurance is a critical element of your future planning. It can be particularly important for those with young children who will need financial support for many years to come. In these cases, life insurance can provide peace of mind for the policyholder.

What is PMJJBY?

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme that was launched in 2015. The scheme was launched to provide affordable life insurance coverage to people across the country. Any individual between the age group of 18 to 50 years can enroll in this scheme. The scheme provides a sum assured to the family or nominee in the event of an unfortunate death of the policyholder. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) does not provide health insurance.

Given below in the table are the details about this scheme:

PMJJBY scheme details

PMJJBY full form

Pradhan Mantri Jeevan Jyoti Bima Yojana

Policy type

Life insurance policy


Rs. 330 per annum

Sum assured

Rs. 2 lakh

Eligibility criteria

Individuals between 18 to 50 years with a savings bank.

Automatic renewal 

Yes, if the policyholder maintains sufficient balance in their savings bank account.


The nominee will be eligible for the sum assured in case of the policyholder's death.

Discontinuation of policy

The policy will lapse if there is insufficient balance in the savings account for payment of the renewal premium. In that case, the policy can be reinstated by paying the entire overdue premiums, subject to medical underwriting.

Claim settlement

In case of the policyholder's death, the nominee should submit a claim form along with a death certificate and other necessary documents.(Check claim settlement ratio in health insurance)

Benefits of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Below are some of the benefits of the Pradhan Mantri Jeevan Jyoti Bima Yojana scheme:

  • Affordable premium:
    The premium for this scheme is as low as Rs. 330 per annum, which makes it affordable for every individual who wants to secure their family's future.
  • High sum assured amount:
    The nominee of the policyholder gets the sum assured in case of the policyholder's death. This amount helps secure the financial future of the deceased policyholder's family.
  • Easy enrolment process:
    The enrolment process for this scheme is hassle-free, and an individual can enrol themselves in this scheme by visiting their bank.
  • No medical examination:
    An individual does not have to undergo any medical examination while enrolling in the scheme.
  • Tax benefits:
    The premium paid towards the scheme is eligible for tax benefits under Section 80C of the Income Tax Act.
  • Automatic renewal:
    The policy gets renewed automatically every year if the policyholder maintains a sufficient balance in their savings bank account.

Eligibility criteria for PMJJBY

Below are the eligibility criteria for the Pradhan Mantri Jeevan Jyoti Bima Yojana scheme:

  • The applicant must be an Indian citizen and should have a savings bank account.
  • The age of the applicant should be between 18 to 50 years.
  • The applicant should not have any other life insurance scheme.
  • The applicant should give consent to join and provide the required details.
  • The applicant should maintain a sufficient balance in their savings bank account to pay the premium.

Also read : All about Ayushman Bharat Yojana, eligibility and application process

PMJJBY exclusions

Below are the exclusions specified under the Pradhan Mantri Jeevan Jyoti Bima Yojana:

  • New members are not covered for non-accidental death within the initial 30 days of enrollment. Claims for non-accidental deaths during this period will not be honoured.
  • Suicide attempts while under the influence of intoxicating substances are not covered.
  • Intentional self-injury or suicide is not covered.
  • Breach of the law, whether with or without criminal intent, is not covered.

Pradhan Mantri Jeevan Jyoti Bima Yojana application process

Here is the step-by-step application process of Pradhan Mantri Jeevan Jyoti Bima Yojana:

Step 1: Visit your nearest bank branch or contact your bank's customer care to know about PMJJBY.

Step 2: Ask for the PMJJBY application form from the bank. The application form requires you to fill in basic personal and bank account details, such as name, age, address, and nominee details. Make sure to fill in the application form correctly and provide accurate information.

Step 3: The application form requires you to provide your consent for auto-debit of the premium amount from your bank account. Provide your signature or thumb impression on the application form to provide your consent.

Step 4: Along with the application form, you need to provide a few documents, such as a copy of your Aadhaar Card. Keep the documents handy and submit them along with the application form.

Step 5: Nominate a person who will receive the insurance coverage amount in case of your unfortunate death. Provide the nominee details in the application form.

Step 6: The annual premium for the PMJJBY scheme is Rs. 330, which will be auto-debited from your bank account. Make sure that you have sufficient balance in your bank account to avoid any failed transactions.

Read more about: Aam Aadmi Bima Yojana

How to check PMJJBY policy status online?

You can verify the status of your PMJJBY policy online by following these steps:

Step 1: Access the official website of your bank and log in to your internet banking account.

Step 2: Navigate to the PMJJBY section and input your bank account number.

Step 3: Then, provide your PMJJBY application number and click on submit to check its status.

PMJJBY claim registration and settlement procedure online

If you are a nominee in a PMJJBY scheme, given below are the steps to claim cash benefit:

Step 1: Visit the official website of your bank.

Step 2: Access the PMJJBY section.

Step 3: Fill out the claim form with accurate details.

Step 4: Submit necessary documents like death certificate, claim form, etc.

Step 5: Await verification and approval from the insurer.

Step 6: Once approved, the settlement amount is credited to the nominee's bank account.

In conclusion, applying for Pradhan Mantri Jeevan Jyoti Bima Yojana is a simple and straightforward process. By following these simple steps, you can apply for PMJJBY and avail of the benefits of this government-backed insurance scheme.

The renewal of the policy is automatic, and there is no need for a medical examination. The eligibility criteria are straightforward, and applicants can apply for the policy by visiting their bank. With the benefits mentioned above, every individual must consider investing in this scheme.

Frequently asked questions

What is the benefit of PMJJBY?

PMJJBY offers a renewable one-year life insurance cover with a fixed sum assured, ensuring financial protection to the insured's beneficiaries in the event of death, all at an affordable premium, promoting financial security for low-income individuals.

Under what circumstances will the PMJJBY policy be involuntarily terminated?

The PMJJBY policy may be involuntarily terminated if the insured reaches the age of 55, fails to maintain the requisite bank account balance for premium deduction, or if the insurance holder opts out. Additionally, non-payment of premium dues can lead to policy discontinuation.


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