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RBI regulated & DICGC insured
Social security scheme

Pradhan Mantri Jeevan Jyoti Bima Yojana

Scheme information, eligibility and published forms for PMJJBY.

PMJJBY

Life Insurance Protection Through Your Savings Account

Pradhan Mantri Jeevan Jyoti Bima Yojana is a one-year life insurance scheme that renews automatically each year and provides coverage for death due to any reason.

Rs. 2 lakh life cover Rs. 436 annual premium Renewed every year
PMJJBY and related social-security scheme awareness banner
Scheme details

At a Glance

The following overview, eligibility and features are published by APRB.

Overview

  • One-year life insurance scheme.
  • Automatically renewed every year.
  • Coverage for death due to any reason.

Eligibility

  • Available through a savings bank account for people aged 18 to 50 years.
  • Can be renewed until 55 years of age.

Features

  • Sum assured of Rs. 2 lakh on death of the insured member due to any reason at an annual premium of Rs. 436.
  • Coverage runs from the joining date to the following 31 May.
  • Premium is automatically debited from the savings bank account between 20 and 31 May.