Central GovernmentVerified

Pradhan Mantri Jeevan Jyoti Bima Yojana

Ministry: Ministry Of Finance

Department: Department of Financial Service

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an insurance scheme offering life insurance cover for death due to any reason. It is a one-year cover, renewable from year to year. The scheme is offered by banks/post offices and administered through life insurance companies.

Start date9 May 2015
Last verifiedYesterday

About This Scheme

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an insurance scheme offering life insurance cover for death due to any reason. It is a one-year cover, renewable from year to year. The scheme is offered by banks/post offices and administered through life insurance companies. All individuals who are account holders of participating banks/ post office in the age group of 18 to 50 years are entitled to join.

Benefits

₹2.0 L

1. PMJJBY offers one- year term life cover of ₹ 2.00 Lakh to all the subscribers in the age group of 18-50 years.1. It covers death due to any reason.

₹436 · annual

1. Premium payable is ₹ 436/- per annum per subscriber, to be auto debited from the subscriber’s bank/post office account.

How to Apply

IIn-person
Apply here ↗
OOnline

Quick Info

Level
Central Government
Max benefit
₹2.0 L
Launched
9 May 2015