PM Jeevan Jyoti Bima Yojana: Premium, Benefits, and How to Enrol in 2025
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed renewable term life insurance scheme providing ₹2 lakh death cover at an annual premium of ₹436, available to all savings bank account holders aged 18 to 50 years. Launched on 9 May 2015 by the Ministry of Finance and administered through scheduled commercial banks and India Post, PMJJBY is one of India's largest term insurance programmes by enrollment, covering over 20 crore subscribers. This page covers the premium, eligibility, how to enrol, claim process, and UPSC facts.
What is PM Jeevan Jyoti Bima Yojana?
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-sponsored renewable one-year term life insurance scheme launched on 9 May 2015 by Prime Minister Narendra Modi at Kolkata. Administered by the Ministry of Finance through Life Insurance Corporation of India (LIC) and other participating private life insurers, the scheme is offered through all scheduled commercial banks, regional rural banks, cooperative banks, and India Post.
PMJJBY addresses the near-complete absence of life insurance coverage among India's low-income population. It provides a ₹2 lakh lump sum death benefit to the nominee of the subscriber in case of death due to any cause. The premium is ₹436 per year, auto-debited from the subscriber's savings account. The scheme renews annually — coverage runs from 1 June to 31 May each year. The premium was revised upward from ₹330 to ₹436 per year effective 1 June 2022 to maintain actuarial viability. PMJJBY is often enrolled alongside PMSBY (Pradhan Mantri Suraksha Bima Yojana) to provide combined life and accident cover.
Key Benefits of PMJJBY
| Benefit Type | Amount / Description | Applicable Category |
|---|---|---|
| Death cover | ₹2,00,000 (any cause of death) | All enrolled subscribers |
| Annual premium | ₹436 per year (revised June 2022) | All subscribers |
| Premium payment | Auto-debit from savings account on 1 June (or at enrolment) | All subscribers |
| Cover period | 1 June to 31 May (one year; renewable annually) | All subscribers |
| Renewal | Automatic if auto-debit mandate active and sufficient balance | All subscribers |
| Master policy holder | Your bank holds the master group policy; individual subscriber is the insured member | All subscribers |
| Tax benefit | Premium eligible for deduction under Section 80C | All subscribers filing ITR |
| Claim settlement | LIC or participating insurer pays ₹2 lakh directly to nominee's bank account | Nominee of deceased subscriber |
PMJJBY Premium History
| Period | Annual Premium |
|---|---|
| May 2015 – May 2022 | ₹330 per year |
| June 2022 – present | ₹436 per year |
The premium is auto-debited on 1 June each year. Ensure sufficient balance to avoid lapse.
Eligibility Criteria
| Criterion | Requirement |
|---|---|
| Age at enrolment | 18 to 50 years |
| Maximum age for coverage | 55 years (coverage continues until 55 if enrolled by age 50) |
| Bank account | Must hold a savings bank account at a participating bank or post office |
| Auto-debit consent | Must give consent for annual auto-debit of ₹436 |
| Aadhaar linkage | Aadhaar must be linked to the savings account |
| Existing PMJJBY | Only one PMJJBY policy per person, across all banks |
| Health condition | Self-declaration of good health at enrolment; no medical examination required |
Eligibility is subject to revision. Verify at jansuraksha.gov.in before enrolling.
Documents Required
| Document | Purpose |
|---|---|
| Aadhaar card | Mandatory identity; must be linked to savings account |
| Savings account passbook | Confirms account for auto-debit setup |
| PMJJBY consent-cum-declaration form | Consent for auto-debit and health self-declaration |
| Nominee's Aadhaar / identity proof | Required at claim stage — not mandatory at enrolment |
No medical tests, no income proof, and no address proof is required at enrolment.
How to Enrol in PMJJBY
Online — via Bank Net Banking or Mobile App
- Log in to your bank's net banking or mobile banking application
- Navigate to Insurance or Government Schemes section
- Select PM Jeevan Jyoti Bima Yojana
- Complete the enrolment form — confirm auto-debit consent
- ₹436 is debited from your account and coverage begins
- Download or save the enrolment confirmation
Offline — via Bank Branch or Post Office
- Visit your savings account bank branch or post office
- Request the PMJJBY enrolment cum auto-debit consent form
- Fill in personal details and nominee information
- Submit the form — the bank sets up auto-debit and issues a confirmation
- Coverage begins from the date of debit
Through Jan Suraksha Portal
- Visit jansuraksha.gov.in for scheme details and to locate your bank's enrolment process
- Application is processed through your bank — the portal does not enrol directly
PaisaOne does not process PMJJBY enrolments. Enrol through your bank's net banking, mobile app, or branch.
How to File a PMJJBY Death Claim
- Nominee visits the subscriber's bank branch with the death certificate and claim form
- Bank verifies the subscriber's PMJJBY enrolment and forwards the claim to LIC or the participating insurer
- Claim form, death certificate, and nominee's identity proof are submitted
- Insurer processes the claim — ₹2 lakh is credited to the nominee's bank account within 30 days
- Claim form: Available at jansuraksha.gov.in or the bank branch
- LIC claim helpline: 022-68276827
- Grievance: IRDAI IGMS at igms.irda.gov.in if insurer does not settle within 30 days
PMJJBY provides ₹2 lakh life cover at ₹436/year — a critical safety net, but rarely sufficient to replace income for a dependent family. Compare term insurance plans from 20+ insurers on PaisaOne to get ₹50 lakh–₹1 crore cover from under ₹500/month.
PMJJBY — UPSC Key Facts
| Parameter | Detail |
|---|---|
| Full name | Pradhan Mantri Jeevan Jyoti Bima Yojana |
| Acronym | PMJJBY |
| Launch date | 9 May 2015 |
| Launch venue | Kolkata |
| Launched by | PM Narendra Modi |
| Nodal ministry | Ministry of Finance (Department of Financial Services) |
| Master insurer | LIC of India (+ other participating private life insurers) |
| Type | Renewable one-year group term life insurance |
| Premium (current) | ₹436 per year (revised June 2022 from ₹330) |
| Death cover | ₹2 lakh — any cause of death |
| Age eligibility | 18–50 years at enrolment |
| Coverage age limit | Up to 55 years |
| Auto-debit date | 1 June each year |
| Cover period | 1 June – 31 May |
| Companion scheme | PMSBY (accident insurance) + APY (pension) — the "Jan Suraksha" trinity |
| Portal | jansuraksha.gov.in |
| Enrolments (as of 2025) | Over 20 crore subscribers |
| Unique feature | No medical examination; self-declaration of good health sufficient |
State-Wise Enrolment — Top States
PMJJBY is a national scheme with uniform terms across all states. No state-specific variation applies to coverage or premium. The table below shows states with the highest enrollment.
| State | Primary Enrolment Channel | Notable Notes |
|---|---|---|
| Uttar Pradesh | SBI, PNB, Bank of Baroda, RRBs | Highest enrolment base; PM Jan Dhan account linkage strong |
| Bihar | SBI, Central Bank, RRBs, Bank Mitras | High rural penetration via Bank Business Correspondents |
| West Bengal | SBI, UCO Bank, Bandhan Bank, RRBs | Strong PMJJBY + PMSBY dual enrolment drive |
| Madhya Pradesh | SBI, Bank of India, RRBs | State-led awareness campaign through District Collectors |
| Rajasthan | SBI, Bank of Baroda, Post Office | Post office savings account holders a significant enrolment base |
| Maharashtra | SBI, Bank of Maharashtra, private banks | Urban formal banking strong; private insurer participation high |
| Odisha | SBI, Odisha Gramya Bank, RRBs | High PMJDY-linked PMJJBY enrolment in tribal districts |
| Andhra Pradesh | SBI, AP Grameena Vikas Bank, Village Secretariat | Village Secretariat system used for awareness and enrolment support |
What is PM Jeevan Jyoti Bima Yojana and who is it for? Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed renewable one-year term life insurance scheme launched on 9 May 2015 by the Ministry of Finance. It provides ₹2 lakh death cover to the nominee of any savings bank account holder aged 18–50 years, at an annual premium of ₹436 auto-debited from their account. Available through all scheduled commercial banks, RRBs, and India Post, the scheme covers death from any cause with no medical examination required.
What are the main benefits of PMJJBY? PMJJBY provides ₹2 lakh to the subscriber's nominee on death from any cause, for an annual premium of ₹436. Coverage is automatic as long as the auto-debit mandate is active and sufficient balance is maintained. No medical test is required — only a self-declaration of good health. Premium qualifies for Section 80C deduction. The scheme renews each year from 1 June and the death claim is settled directly to the nominee's bank account within 30 days.
Who is eligible for PMJJBY? Any Indian savings bank account holder aged 18 to 50 years at the time of enrolment is eligible, provided their Aadhaar is linked to the account and they give consent for annual auto-debit of ₹436. Only one PMJJBY policy per person is allowed across all banks. Coverage continues until age 55 for those who enrolled before 50. No medical examination, income proof, or address proof is required for enrollment.
How do I enrol in PMJJBY? Enrol through your bank's net banking or mobile app under the Insurance or Government Schemes section, or by submitting the consent-cum-declaration form at your bank branch or post office. Coverage begins as soon as the ₹436 premium is debited. The scheme renews automatically each year on 1 June if the auto-debit mandate is active. Visit jansuraksha.gov.in for scheme details and to download the claim form.
Eligibility Criteria
| Criterion | Requirement |
|---|---|
| Entry Age | Between 18 years and 50 years (age as on last birthday) |
| Bank Account Requirement | Must hold an active savings bank or post office account with auto-debit consent |
| Maximum Coverage Age | Life coverage continues up to 55 years subject to annual premium payment |
| Aadhaar Seeding | Aadhaar must be primary KYC for the linked savings account |
| Single Account Rule | An individual can subscribe to PMJJBY through only one bank account (max ₹2L cover) |
Who Cannot Apply
- •Individuals below 18 years or above 50 years at the time of initial enrollment
- •Individuals who do not maintain sufficient balance on auto-debit dates (policy lapses)
- •Holding multiple PMJJBY policies across multiple bank accounts (claims limited to ₹2 Lakh only)
- •Persons who fail to provide consent for automated annual bank account debit
Benefits of the Scheme
| Benefit Type | Amount / Description | Applicable Category |
|---|---|---|
| Sum Assured (Death Benefit) | ₹2,00,000 payable to nominee on demise due to any cause | All active subscribers |
| Annual Premium | ₹436 per annum (approx ₹1.20 per day) | Auto-debited from bank account |
| Coverage Period | 1 year (1st June to 31st May), renewable annually | Continuous auto-renewal up to age 55 |
| Tax Exemption on Payout | Claim payout 100% tax-free under Section 10(10D) | All beneficiaries / nominees |
| Tax Deduction on Premium | Eligible for deduction under Section 80C of Income Tax Act | ITR filers |
How to Apply for PMJJBY
Online Application — via Official Portal
- 1Log into Internet Banking or Mobile Banking app of your savings bank
- 2Search for Social Security Schemes / Insurance → Pradhan Mantri Jeevan Jyoti Bima Yojana
- 3Select your primary savings account and verify your nominee details
- 4Accept the auto-debit mandate and terms declaration
- 5Authenticate with transaction PIN / OTP to receive your Certificate of Insurance instantly
Offline Application — via Designated Centre
- 1Visit your bank branch or nearest post office where your savings account is held
- 2Collect the PMJJBY Enrollment Form / Auto-Debit Consent Form
- 3Fill in nominee name, relationship, address, and date of birth
- 4Submit the signed form to the customer service desk
- 5Collect your physical acknowledgement counterfoil with policy registration number
Required Documents
| Document | Purpose |
|---|---|
| Aadhaar Card | Mandatory primary KYC for identity and age verification |
| Bank Account Passbook | Proof of active savings account for auto-debit mandate setup |
| Consent-cum-Declaration Form | Official application form agreeing to terms and auto-debit deduction |
| Nominee Details & Aadhaar | Complete details of beneficiary nominee for hassle-free claim settlement |
Who Can Apply
All Indian resident bank account holders aged between 18 and 50 years.
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Important Points & Payment Status Check
How to Check Payment & Beneficiary Status
- 1Log into your bank's net banking or mobile banking app
- 2Navigate to Insurance / PM Social Security Schemes status page
- 3Verify whether the ₹436 annual debit has been completed for the current June-May cycle
- 4Download the e-Certificate of Insurance with Policy / Certificate Number
State-Wise Implementation
| State | Implementing Body | Application Centre | State Additions |
|---|---|---|---|
| Pan-India | Department of Financial Services (DFS), LIC, and Scheduled Commercial Banks | All Public Sector Banks, Private Banks, RRBs, Cooperative Banks, and Post Offices | Uniform premium and settlement timelines across all states and UTs |
| Uttar Pradesh | State Level Bankers' Committee (SLBC) UP | Bank branches, Banking Correspondents (Bank Mitras) | Organized enrollment drives in rural blocks through Gram Panchayats |
| Bihar | SLBC Bihar & Department of Institutional Finance | State Bank of India, Dakshin Bihar Gramin Bank, PNB branches | Special linkage with Jeevika women self-help groups for rural coverage |
Additional Information
What is Pradhan Mantri Jeevan Jyoti Bima Yojana?
PMJJBY is a government life insurance scheme offering ₹2,00,000 pure term death coverage for any cause of death to bank account holders aged 18-50 years at an annual premium of ₹436.
How is the PMJJBY premium paid?
The annual premium of ₹436 is automatically debited in one installment from the subscriber's savings bank account between 25th May and 31st May each year.
What happens if a person has multiple PMJJBY policies?
If a person enrolls through multiple bank accounts, the insurance cover remains restricted to a maximum of ₹2,00,000 only, and duplicate premium paid on extra accounts is forfeited.
