Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
This profile has been independently compiled from official gazette notifications and verified web domains. Source Authority Link: www.pmjjby.gov.in Authority: Ministry of Finance • State/Region: Central Scheme (All India) • Last Audited: 26 Oct 2026
Quick AI Summary
A renewable one‑year term life insurance scheme that provides a death cover of Rs. 2 lakh to eligible bank account holders.
Detailed Summary
Scheme Overview
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a centrally administered life‑insurance product launched by the Government of India. The scheme offers a fixed sum assured of Rs. 2 lakh in the event of the insured’s death due to any cause during the policy year. The cover is renewable annually provided the subscriber continues to meet the eligibility criteria and the premium is paid.
Premium and Payment
The annual premium is Rs. 436, which is auto‑debited from the subscriber’s savings bank account on or before 31 January each year. No medical examination is required.
Renewal and Claim Settlement
Renewal is automatic if the premium is successfully debited. In the event of death, the claim amount is transferred directly to the nominee’s bank account within 30 days of receipt of required documents.
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits |
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Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| Minimum Age Limit | 18 Years or above |
| Physical Disability | Not Restricted (Anyone can apply) |
| Domicile State | All India (Central Scheme) |
Application Process Guide
- Submit the consent form at the branch of the bank where the savings account is held or complete the online enrolment through the bank’s net‑banking portal.
- Ensure the bank has your correct mobile number and email for OTP verification.
- The premium of Rs. 436 will be auto‑debited on or before 31 January each year.
- Upon successful debit, you will receive an SMS confirmation and the policy becomes active for the year.
Common FAQs regarding this Yojana
Eligible permanent residents meeting the specified domicile, income, and category criteria can submit an application along with verified credentials.
Key mandatory documents include Aadhaar Card, Residence/Domicile Certificate, Income Certificate, and active Bank Account Passbook.
Benefits are directly credited to the beneficiary's Aadhaar-seeded bank account through the Public Financial Management System (PFMS) / DBT.
Applicants can track status in real-time by logging into the official portal using their Application Reference Number.