About the Scheme
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a Government of India-backed one-year renewable life insurance scheme. It provides life insurance protection to eligible bank or post office account holders at a low annual premium. The scheme provides ₹2 lakh life cover in case of the insured person’s death due to any cause, subject to scheme conditions.
Quick Scheme Facts
Life Cover: ₹2 Lakh
Annual Premium: ₹436 per year
Entry Age: 18 to 50 years
Policy Period: 1 June to 31 May
Premium Payment: Auto-debit from bank/post office account
Type: One-year renewable term life insurance
Key Benefits of PMJJBY
PMJJBY is designed to provide basic financial protection to the family of an insured person in the event of death.
₹2 Lakh Life Insurance Cover
If the insured person dies due to any covered cause while the policy is active, ₹2 lakh is payable to the eligible nominee, subject to applicable scheme conditions.
Low Annual Premium
The current full-year premium is ₹436 per subscriber per year, making the scheme accessible to people who may not be able to afford higher-cost life insurance plans.
Death Due to Any Cause
The scheme provides life cover for death due to any cause, subject to the applicable waiting/lien-period rules for new enrolments.
Simple Bank-Linked Enrollment
Premium is generally deducted automatically from the subscriber’s designated bank or post office account after consent for auto-debit is given.
Renewable Every Year
PMJJBY is a one-year life insurance cover that can be renewed from year to year, subject to continued eligibility and payment of the required premium.
Who Is Eligible for PMJJBY?
A person can generally join PMJJBY if:
They are between 18 and 50 years of age
They have an account with a participating bank or post office
They give consent for premium auto-debit
They join through only one bank/post office account if they hold multiple accounts
A person who joins before completing age 50 may continue under the scheme according to the applicable continuation rules and premium payment conditions.
Documents You May Need
The exact requirements can vary slightly depending on the participating bank, post office or insurer. Generally, keep the following ready:
Aadhaar or other accepted identity proof
Bank or post office account details
Registered mobile number
Date of birth information
Nominee details
Enrollment/consent form, where required
The bank or post office may ask for additional verification depending on the customer’s account and KYC status.
How to Apply for PMJJBY
PMJJBY enrollment is generally completed through a participating bank or post office.
Step 1: Check Your Eligibility
Confirm that you are within the eligible age group and have an active account with a bank or post office offering PMJJBY.
Step 2: Contact Your Bank or Post Office
Ask whether PMJJBY enrollment is available through:
Bank branch
Post office
Internet banking
Mobile banking
Other digital enrollment facilities offered by your institution
Availability of online enrollment depends on the participating institution.
Step 3: Submit Your Consent
Provide consent to enroll in PMJJBY and authorize the annual premium to be deducted automatically from your designated account.
Step 4: Add Nominee Details
Provide correct nominee information so that the claim process can be completed more easily if the insured person dies.
Step 5: Keep Sufficient Balance
Ensure sufficient balance is available in your bank/post office account for the applicable premium to be auto-debited.
Step 6: Confirm Enrollment
After successful enrollment and premium deduction, check your bank/post office confirmation or insurance certificate/details and keep them safely for future reference.
Premium and Mid-Year Enrollment
The standard annual premium is ₹436. For people enrolling for the first time during the middle of the policy year, the official scheme currently allows proportionate premium amounts:
June–August: ₹436
September–November: ₹342
December–February: ₹228
March–May: ₹114
At renewal, the full annual premium is applicable.
Important 30-Day Waiting Period
For a person enrolling in PMJJBY for the first time, there is generally a 30-day lien/waiting period for death due to causes other than accident.
If death occurs due to a non-accidental cause during this initial period, the claim may not be admissible. Accidental death coverage is not subject to this same initial waiting period according to the current scheme rules.
How Does the Claim Process Work?
If the insured subscriber dies while validly covered under PMJJBY, the nominee or eligible claimant can initiate the claim through the bank/post office linked to the scheme.
The general process may include:
Inform the participating bank or post office about the death.
Obtain or download the PMJJBY claim form.
Complete the claimant/nominee details.
Submit the required death-related documents.
Provide bank details and other requested information.
The participating institution forwards the claim to the associated insurer.
The insurer verifies and processes the claim according to scheme rules.
Current government guidance states that banks/post offices have been asked to forward claim documents electronically to the partner insurer within seven days of submission, and insurers are expected to settle valid claims within seven days of receiving complete claim documents.
Documents Generally Required for a Claim
Depending on the circumstances, the nominee may be asked for:
Completed claim form
Death certificate
Nominee/claimant identity proof
Bank account details of the claimant
Insurance/enrollment details
Additional documents where required by the insurer
For accidental or unusual deaths, additional records may be required according to the circumstances and insurer’s process.
Who Should Consider PMJJBY?
PMJJBY can be especially useful for people who need basic life insurance protection at an affordable premium, including:
Workers
Salaried employees
Self-employed individuals
Small earners
People with dependent family members
Individuals who currently have little or no life insurance
PMJJBY provides basic financial protection and may not replace the need for a larger term insurance policy where a family has significant financial responsibilities.
PMJJBY vs Regular Life Insurance
PMJJBY provides a simple and affordable ₹2 lakh life cover, while private term or life insurance products may offer much higher coverage amounts and different features.
PMJJBY can therefore be viewed as a basic protection scheme rather than a complete replacement for all long-term family insurance needs.
How We Can Help You
If you are confused about PMJJBY, we can help you understand:
What PMJJBY is
Whether you meet the basic eligibility requirements
How enrollment generally works
What documents may be needed
How auto-debit works
How nominee details are important
How the claim process generally works
What next step you should take with your bank or post office
Our aim is to make the scheme easier to understand so you can proceed through the appropriate official channel.
Frequently Asked Questions
What is the PMJJBY insurance amount?
PMJJBY currently provides ₹2 lakh life insurance cover in case of the insured subscriber’s death due to any cause, subject to scheme conditions.
What is the annual premium?
The current full-year premium is ₹436 per year per subscriber.
What is the age limit?
People aged 18 to 50 years with an eligible participating bank or post office account can join the scheme.
Is accidental death covered?
Yes. PMJJBY provides cover for death due to any cause, including accidental death, subject to applicable scheme conditions.
Is natural death covered?
Yes, natural death can be covered. However, for first-time enrollment, the current rules provide a 30-day waiting/lien period for non-accidental death.
Can I enroll through multiple bank accounts?
No. If a person has multiple bank or post office accounts, they are eligible to join PMJJBY through only one account.
Does the scheme renew automatically?
The scheme is renewable annually. Renewal depends on continued participation, eligibility and successful premium auto-debit from the designated account.
What happens if there is not enough balance in my account?
If the premium cannot be successfully deducted, insurance coverage can be affected. Keep sufficient balance in the designated account and verify renewal status with your bank/post office.
Important Information
Premiums, enrollment procedures, eligibility conditions, waiting periods and claim processes may be revised by the Government of India or participating institutions. Always verify the latest details with the official PMJJBY/Jan Suraksha channel, your participating bank, post office or insurer before enrollment or filing a claim.
This website is an independent information and guidance platform and is not an official Government of India website.