Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

In a world marked by uncertainties, ensuring the financial security of individuals and their families has become a paramount concern. The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme that aims to provide a safety net for individuals across the nation. This scheme, launched in May 2015, seeks to offer affordable life insurance coverage, offering peace of mind and financial stability to millions of households. (Let’s see PMKVY article)

Jeevan Jyoti Bima Yojana as a Centarl Gov Intiative


Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme launched by the Government of India in 2015. The scheme aims to provide life insurance coverage to people from all sections of the society at an affordable premium rate. Under the PMJJBY scheme, policyholders are provided with a life insurance cover of Rs. 2 lakhs in case of the insured’s death due to any reason. The scheme offers a one-year term life insurance policy that can be renewed annually. The premium amount for the policy is Rs. 330 per annum, and it is deducted automatically from the policyholder’s bank account.

The scheme is available to people between the age of 18 to 50 years and can be availed through any bank account that is linked to Aadhaar. The scheme provides financial security to the policyholder’s family in case of the policyholder’s unfortunate demise. The PMJJBY is one of the social security schemes launched by the Government of India to improve the welfare of the citizens of the country.


Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-sponsored life insurance scheme in India that provides life insurance coverage to individuals at an affordable premium. Here are the key features of PMJJBY:
  1. Eligibility: Any Indian citizen aged between 18 and 50 years can enroll in this scheme.
  2. Coverage: The scheme provides a life insurance coverage of Rs. 2 lakh to the insured in case of his or her death.
  3. Premium: The premium for this scheme is only Rs. 330 per annum. The premium is deducted from the policyholder’s bank account on an annual basis.
  4. Term: The scheme has a one-year term, which can be renewed annually.
  5. Enrollment: The enrollment period for PMJJBY is from 1st June to 31st May of each year.
  6. Claim Settlement: In case of the policyholder’s death, the nominee can make a claim for the sum assured. The claim amount is directly credited to the nominee’s bank account.
  7. Auto-Renewal: The policy is automatically renewed each year unless the policyholder opts-out of the scheme.

Overall, PMJJBY is a simple and affordable life insurance scheme that provides financial protection to individuals and their families in case of the policyholder’s death.


Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme in India that provides financial security to the beneficiaries of the scheme in case of the unfortunate death of the policyholder. Here are a few reasons why PMJJBY is needed:

  1. Low-cost insurance: PMJJBY offers life insurance at a low premium of just Rs. 330 per annum, making it an affordable option for low-income households and the economically weaker sections of society.
  2. Financial security: The scheme provides financial security to the family members of the policyholder in the event of the policyholder’s untimely death. The sum assured of Rs. 2 lakhs can help the family cope with the financial loss and take care of their basic needs.
  3. Easy enrollment: The enrollment process for PMJJBY is simple and can be completed through various channels such as banks, online, and mobile apps. This makes it easier for people to access the scheme and avail its benefits.
  4. Government support: PMJJBY is a government-backed scheme, which means that the government is committed to ensuring that the scheme reaches as many people as possible. The government provides administrative support and subsidizes the premium amount to keep it low.
  5. Incentivizes saving: PMJJBY also incentivizes saving, as policyholders need to renew their policy every year by paying the premium amount. This encourages people to set aside a small amount of money each year towards insurance, which can be useful in case of an unforeseen event.

Application Procedure

To apply for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), follow the steps given below:

  1. Approach any bank or insurance company that is offering PMJJBY. You can also visit the official website of the insurance company or bank and apply online.
  2. Fill up the PMJJBY application form with all the required details like name, age, address, bank account number, nominee name, etc.
  3. Submit the application form along with a self-attested photocopy of your Aadhaar card and a canceled cheque of your bank account.
  4. Pay the premium amount for the policy. The annual premium for PMJJBY is Rs. 330. The premium will be auto-debited from your bank account.
  5. Once your application is processed and accepted, you will receive a confirmation message or email from the insurance company or bank.

Note: The enrollment period for PMJJBY is between June 1 and August 31 of each year. So, make sure you apply during this period to get the benefit of the scheme for the current year.


Overall Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) stands as a beacon of financial security and protection for millions of Indians. As we navigate the uncertainties of life, this government-backed scheme offers a safety net that extends beyond individual concerns. The essence of PMJJBY lies in its simple yet profound aim – to provide affordable life insurance coverage to every eligible citizen, ensuring that their loved ones are shielded from the financial hardships that unforeseen events can bring.

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