PM Jeevan Jyoti Bima Yojana (PMJJBY)
PM Jeevan Jyoti Bima Yojana is life insurance of ₹2 lakh for just ₹436 a year, which is less than ₹2 a day. If the insured person dies for any reason, the nominee gets ₹2 lakh. Anyone aged 18 to 50 with a bank or post office account can join.
What is PMJJBY?
PMJJBY is a one-year term life insurance scheme, renewable every year. It was launched on 9 May 2015 and is offered by LIC and other life insurers through banks and post offices. As of April 2026, more than 27 crore people have enrolled and over ₹21,500 crore has been paid in claims to more than 10.7 lakh families.
Benefits
- ₹2 lakh paid to the nominee on the death of the insured person, due to any reason.
- Premium of ₹436 per year, auto-debited from your account.
- No medical examination needed to join.
Who can join?
- Anyone aged 18 to 50 years with a savings account in a participating bank or post office.
- You can join through one account only, even if you have several.
- If you join before 50 and keep renewing, the cover continues until you turn 55.
Premium if you join in the middle of the year
The cover year runs from 1 June to 31 May. If you join later in the year, you pay less:
| When you join | Premium |
|---|---|
| June, July, August | ₹436 |
| September, October, November | ₹342 |
| December, January, February | ₹228 |
| March, April, May | ₹114 |
From the next 1 June, the full ₹436 is auto-debited every year.
Waiting period
For new members, there is a 30-day waiting (lien) period from the date of joining. If death happens in these first 30 days for any reason other than an accident, the claim is not paid. Death due to an accident is covered from day one.
When the cover ends
- On turning 55.
- If the bank account is closed or there isn't enough balance for the auto-debit on renewal.
- If you are covered through more than one account, only one cover is valid and extra premium is not refunded.
How to join
Online
Use your bank's net banking or mobile app, or the official Jan Suraksha portal.
At the bank or post office
- Fill in the PMJJBY consent-cum-declaration form at your branch.
- Give your nominee's details and Aadhaar.
- Keep enough balance for the premium. You get an acknowledgement slip as proof.
How to make a claim
- The nominee goes to the bank or post office where the insured person had the account.
- Fill in the claim form and submit it with the death certificate and the nominee's ID and bank details.
- The bank sends the claim to the insurer, and the money is paid into the nominee's account.
Frequently asked questions
How much is the PMJJBY premium?
₹436 per year for ₹2 lakh life cover. If you join from September to November it is ₹342, December to February ₹228, and March to May ₹114.
What is the age limit for PMJJBY?
You can join between 18 and 50 years. The cover continues up to 55 if you keep renewing.
Does PMJJBY cover death due to illness?
Yes. It covers death due to any reason, but non-accidental deaths in the first 30 days after joining are not covered.
Can I have PMJJBY from two banks?
No. You can be covered through only one bank or post office account.
Is PMJJBY the same as PMSBY?
No. PMJJBY is life insurance (death due to any cause, ₹436 a year). PMSBY is accident insurance (accidental death or disability, ₹20 a year). You can join both.
Sources
- PIB: Jan Suraksha schemes complete 11 years (9 May 2026)
- Revised rules for PMJJBY w.e.f. 1 June 2022 (PDF)
- Department of Financial Services: PMJJBY