PM Jeevan Jyoti Bima Yojana (PMJJBY) is a one-year renewable term life insurance scheme of the central government that offers ₹2 lakh life cover for death due to any reason. It is part of the Jan Suraksha Yojana family and is run through LIC and other life insurance companies in partnership with banks and post offices.
The scheme is open to individual bank and post office account holders in the age group of 18 to 50 years. The annual premium is just ₹436, and the cover runs from 1st June to 31st May every year. Updated PMJJBY scheme details and guidelines are available on the official website at www.jansuraksha.gov.in.
PMJJBY Scheme Details
PMJJBY is a pure term insurance policy with no investment or maturity benefit. The full amount is paid to the nominee only in case of the death of the insured person. Here are the main points of the scheme:
- PMJJBY offers life insurance cover of ₹2 lakh for death due to any reason, including natural death, accident, suicide and murder.
- It is a one-year cover that is renewable every year, with the risk period running from 1st June to 31st May.
- The scheme is offered and administered through LIC and other life insurance companies that are willing to offer the product on similar terms with the required approvals and tie-ups with banks and post offices.
- Any person in the age group of 18 to 50 years who holds a bank or post office account can join the scheme.
- As per the updated PMJJBY scheme details, the annual premium is only ₹436 for one year of cover.
- On payment of the premium, a person gets ₹2 lakh life insurance coverage for the year.
- Official website for PM Jeevan Jyoti Bima Yojana scheme is www.jansuraksha.gov.in.
Eligibility for PMJJBY
Any individual who holds a savings bank or post office account can apply, as long as the age is between 18 and 50 years. In case a person holds more than one account, they can join the scheme through only one account. The cover ends when the person turns 55 years of age, and new entry is not allowed beyond 50 years.
The premium is deducted from the bank or post office account through auto-debit in one instalment. For people joining for the first time in the middle of the policy period, a pro-rata premium is allowed. For enrolment in June, July and August the full annual premium of ₹436 is payable, while enrolment in September, October and November needs ₹342, December, January and February needs ₹228, and March, April and May needs ₹114. At the time of renewal, the full year premium of ₹436 is payable.
PMJJBY Highlights
| Detail | Information |
|---|---|
| Scheme Name | PM Jeevan Jyoti Bima Yojana (PMJJBY) |
| Launched By | Central Government |
| Beneficiaries | Bank and post office account holders aged 18 to 50 years |
| Benefit Amount | ₹2 lakh life cover |
| Annual Premium | ₹436 |
| Risk Period | 1st June to 31st May |
| Application Mode | Through participating banks and post offices |
| Official Website | www.jansuraksha.gov.in |
How to Apply for PMJJBY
STEP 1 - Visit your bank or post office branch where you hold a savings account and ask for the PMJJBY enrolment form.
STEP 2 - Fill in the consent-cum-declaration form with your personal details and KYC documents, and give the auto-debit authorization for the premium.
STEP 3 - Submit the form to the branch. The premium of ₹436 will be auto-debited from your account, and the life cover of ₹2 lakh will start as per the scheme rules.
FAQ's
Who can apply for PMJJBY?
Any individual bank or post office account holder between 18 and 50 years of age can apply. Joint account holders can also join if they meet the eligibility rules.
What is the premium and cover amount?
The annual premium is ₹436, and the life insurance cover is ₹2 lakh for death due to any reason.
Is PMJJBY still running in 2026?
Yes, PMJJBY is an ongoing scheme of the central government and continues to accept enrolments through participating banks and post offices.
How ca I stop the policy