Central government scheme · Ministry of Finance (Department of Financial Services)

Pradhan Mantri Jeevan Jyoti Bima Yojana

Also called PMJJBY

Pradhan Mantri Jeevan Jyoti Bima Yojana is run by the Ministry of Finance (Department of Financial Services). It is for bank or post office savings account holders aged 18 to 50 years. Eligible persons get a one-year life insurance cover, renewable every year, that pays ₹2 lakh to the family if the insured person dies from any cause. To apply, individuals can visit the bank branch or post office where they hold a savings account, fill in the PMJJBY enrolment form, and give consent for the premium to be auto-debited, or use participating banks offering enrolment online through the Jan Suraksha portal.

Written by AI from the official details below.

Who can apply for PMJJBY

  • Bank or post office savings account holders aged 18 to 50 years.
  • You must consent to join and allow the premium to be auto-debited from your account.
  • If you have several accounts, you can join through only one of them.

PMJJBY benefits

  • ₹2 lakh paid on the insured person's death from any cause.
  • Cover runs from 1 June to 31 May and can be renewed each year.
  • A 30-day lien (waiting) period applies from the date of enrolment.

How to apply for PMJJBY

  1. Visit the bank branch or post office where you hold a savings account.
  2. Fill in the PMJJBY enrolment form and give consent for auto-debit.
  3. The premium of ₹436 a year is auto-debited in one instalment.
  4. If you join later in the year you pay less: ₹342 (Sept to Nov), ₹228 (Dec to Feb), ₹114 (March to May).
  5. Participating banks also offer enrolment online through the Jan Suraksha portal without visiting a branch.

Where it applies

Every state and union territory. See what else applies near you

Checked

Checked against the sources below on 16 October 2026. Rules change, so confirm on the official site before you apply.

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