The Government of India created the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) to give affordable life insurance to its citizens. If someone dies under this scheme, their beneficiaries will receive a life cover of ₹2 lakh. The scheme works through partner banks and post offices and administration is managed by life insurance companies. You can submit the needed forms for enrolment through your bank/post office branch or online.
Objectives of the PMJJBY Scheme
The main goal of the PMJJBY is to insure low-income Indians by offering them affordable life insurance. A yearly premium of only ₹436 entitles policyholders to insurance for their families. Anyone between the ages of 18 and 50 with a savings account at a bank or post office can take part.
Key Highlights of PMJJBY 2025
| Feature | Details |
|---|---|
| Scheme Name | Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) |
| Launched By | Government of India |
| Launch Year | 2015 (Renewed for 2025) |
| Beneficiaries | Indian citizens aged 18-50 years |
| Coverage Amount | ₹2 lakh on death (any cause) |
| Annual Premium | ₹436 (auto-debited from account) |
| Enrolment Period | 1st June – 31st May (Annual renewal) |
| Official Website | https://jansuraksha.gov.in |
| Helpline | 1800-180-1111 / 1800-110-001 |
Eligibility Criteria
- Applicants must be Indian citizens.
- Age must be between 18 and 50 years at enrolment.
- Must hold an active bank/post office savings account.
- No medical examination is required.
Age Limit & Maturity
- Maximum coverage age: 55 years.
- Policy terminates upon reaching 70 years (nearest birthday).
Benefits of PMJJBY
✔ Affordable premium (₹436/year) compared to market rates.
✔ ₹2 lakh life cover in case of death (any cause).
✔ No medical tests for enrolment.
✔ Easy online application and auto-debit facility.
✔ Wide accessibility through banks and post offices.
Premium Structure & Payment
- Full annual premium: ₹436 (auto-debited in May).
- Late enrolment permitted with pro-rata premium:
- June-August: ₹436 (full)
- September-November: ₹342
- December-February: ₹228
- March-May: ₹114
Coverage Termination Conditions
- Either account closure or insufficient funds will end the policy.
- It’s not possible to have two policies; only a single cover is recognized.
- In case you cannot make a payment due to technical issues, coverage may be restored after you make a full payment (at the insurer’s choice).
Premium Fund Distribution
| Premium Collected | Full (₹436) | Q2 (₹342) | Q3 (₹228) | Q4 (₹114) |
|---|---|---|---|---|
| Insurance Company | ₹395 | ₹309 | ₹206 | ₹103 |
| Agent Commission (New enrolments only) | ₹30 | ₹22.50 | ₹15 | ₹7.50 |
| Bank Admin Charges | ₹11 | ₹10.50 | ₹7 | ₹3.50 |
How to Renew PMJJBY?
- Visit the nearest bank/post office or the official website.
- Submit a renewal request with necessary details.
- Ensure sufficient balance for auto-debit (by 31st May).
- Confirmation will be sent via SMS/email.
Frequently Asked Questions (FAQs)
1. Who is eligible for PMJJBY?
Indian citizens aged 18-50 who already have a bank or post office account.
2. What is the premium amount?
₹436 each year, automatically taken out from the connected account.
3. What is the claim amount?
Upon the policyholder’s death, the nominee will receive ₹2 lakh.
4. Can I enrol after the deadline?
It is possible and the premium is calculated according to the enrolment quarter.
5. When does coverage end?
Either at 55 years old which is the greatest age for working or 70 years old, the highest age allowed.
For further details, visit:
🔗 PMJJBY Official Portal | 📞 Helpline: 1800-110-001