PMJJBY Policy Pradhan Mantri Jeevan Jyoti Bima Yojana
Pradhan Mantri Jeevan Jyoti Bima Yojana, commonly known as PMJJBY, is a government-backed term life insurance scheme which offer life cover for death due to any reason.
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PMJJBY Policy: PMJJBY Full Form is Pradhan Mantri Jeevan Jyoti Bima Yojana. The yearly premium right now is INR 436 if you take the policy in June, July or August, and if someone joins later in the year, then the premium is charged on pro-rata basis. As of August 2025, under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), people are still getting a life insurance cover of INR 2 lakh. There’s talk from the government about increasing the cover to INR 4 lakh, and if that happens, the premium might go up somewhere around INR 700 to INR 800 per year. But, so far nothing is final or officially rolled out yet.
PMJJBY Certificate Download. Click Here
PMJJBY Latest Update
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) ab update ho rahi hai. Isme insurance cover ₹2 lakh se badhakar ₹4 lakh ho sakta hai, lekin premium ₹436 se badhkar ₹700-₹800 tak ho sakta hai. Scheme 18-50 saal ke logon ke liye hai, jo bank account rakhte hain aur auto-debit ka consent dete hain. PMJJBY ki popularity badh rahi hai, lekin enrollment targets bhi banks par pressure badha rahe hain.
PMJJBY Policy and Scheme Details
Key features of PMJJBY insurance policy
PMJJBY Policy provide life insurance cover of ₹2 lakh to the nominee after the death of policyholder, and the reason of death can be anything.
One-year term insurance coverage, renewable every year.
Available for all savings bank or post office account holders in India between ages of 18 to 50 years at time of joining.
Policy can be continued up to age 55 years if you enroll before 50 and keep paying annual premium.
Annual premium of just ₹436 is auto-debited from the account of subscriber every year before 31st May.
No complicated process or hidden charges, and no GST is charged on the premium.
PMJJBY Policy Benefits
Why choose PMJJBY Policy for your family’s protection?
PMJJBY Premium 436 plan details are shown below
Affordable Premium: INR 436 per year, making it one of the cheapest life insurance schemes.
Wide Reach: Any person with a saving bank or post office account between 18-50 years can join.
Financial Security: Upon unfortunate death, the nominee will get ₹2 lakh, a sum which can help their family a lot in tough times.
Easy Renewals: Renewal is simple, premium is deducted automatically from your account.
Tax benefits: Premium paid under PMJJBY may be eligible for tax deduction u/s 80C of Income Tax Act.
No Medical tests: No health checkup needed, only self-declaration of good health required at time of joining.
PMJJBY Policy Eligibility Criteria
To enroll in PMJJBY Policy you must meet some requirements:
Applicant’s age must be between 18 to 50 years at time of first enrollment.
Must have a savings bank / post office account in India.
Should give consent for auto-debit of premium each year.
You can have only one insurance cover through one saving account, even if you hold multiple accounts.
Aadhar should be linked to your bank account for easy KYC process
PMJJBY Policy Premium 436 Plan Details
The yearly premium of INR 436 gets auto-debited once every year.
Coverage is for 1st June to 31st May of next year, can be renewed each time by payment of premium before expiry.
If the premium is not paid on time due to insufficient money in account, the policy will be lapse, but you can also re-join by submitting fresh application and self-declaration of health.
Claim Settlement under PMJJBY
PMJJBY Policy offer very simple claim process:
Nominee needs to inform the bank/post office where policy was taken, and submit death certificate of the policy holder.
Nominee fills claim form with required paperwork (nominee’s ID proof, cancelled cheque, etc.).
Bank/insurance company checks and process claim, if found genuine, then ₹2 lakh will be paid directly in nominee’s bank account.
PMJJBY Certificate Download by visiting the official portal.
How to Apply for Pradhan Mantri Jeevan Jyoti Bima Yojana
PMJJBY Policy Apply Online and Offline
Online: Most major banks offer online application via their net-banking portal. Look for ‘PMJJBY’ under insurance/social security schemes tab, fill online consent form, and auto-debit will be setup.
Offline: You can visit your bank or post office branch and submit the filled PMJJBY application form along with photocopy of Aadhar card and bank account proof. Forms are available in English and regional languages on government portals.
Step By Step PMJJBY Application Process
Download or collect “Consent-cum-Declaration” form from your bank, post office or official website.
Fill the form with clear details (name, date of birth, bank account, nominee, etc.).
Attach documents (self-attested). Submit at your bank branch or business correspondent.
Upon successful processing, you will receive “Acknowledgement Slip cum Certificate of Insurance”.
Candidates can also check
Frequently Asked Questions
The Pradhan Mantri Jeevan Jyoti Bima Yojana PMJJBY Policy is a life insurance scheme backed by the Government of India. It provides a risk cover of INR 2 lakh to the nominee in case the policyholder passes away, whether due to natural causes or an accident. The policy needs to be renewed every year.
PMJJBY annual premium is INR 436 per person. This amount is automatically deducted from the policyholder’s savings bank account once a year.
Candidates who has a savings bank account and is between 18 and 50 years of age can join. The scheme can be renewed up to the age of 55, provided it is maintained without a break. Non-resident Indians (NRIs) are also allowed to join, but benefits are paid only in Indian currency.