Indian Citizens can now secure their families a life insurance cover of Rs. 2,00,000/- who are in the age group of 18 years to 50 years under Pradhan Mantri Jeevan Jyoti Bima Yojana of the Central Government. The applicant will have to pay the premium amount of Rs. 436/- per year for enrollment.
Read the complete article to get full details about the scheme.
Pradhan Mantri Jeevan Jyoti Bima Yojana Highlights | |
|---|---|
| Scheme Name | Pradhan Mantri Jeevan Jyoti Bima Yojana. (PMJJBY) |
| Date of Launch | 09-05-2015 |
| Benefits Provided | Life Insurance Cover of Rs. 2 Lakh. |
| Eligible Beneficiaries | Person in the Age Group of 18 to 50 years. |
| Official Website | Jan-Dhan se Jan Suraksha Portal. |
| Responsible Department | Department of Financial Services. |
| How to Apply |
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| Free Scheme Updates | WhatsApp | Telegram |
Introduction of Pradhan Mantri Jeevan Jyoti Bima Yojana – PMJJBY: A Brief Insight
Life insurance plans offered by private insurance companies often come with high premium costs, which many middle-class and low-income families cannot afford. Due to this lack of affordability, families often remain financially unprotected and face serious difficulties if they lose the head of the family or the only earning member. To address this critical issue and provide financial security to every household, the Government of India launched the Pradhan Mantri Jeevan Jyoti Bima Yojana on 9 May 2015 in Kolkata.
Pradhan Mantri Jeevan Jyoti Bima Yojana is a one-year renewable life insurance scheme that aims to provide social security coverage to citizens across India. Under this scheme, the government offers financial support to the nominee or legal heir in case of the death of the insured person. The Department of Financial Services implements this scheme in collaboration with banks, post offices, LIC, and other insurance companies to ensure wide accessibility and smooth execution.
The scheme provides a life insurance cover of Rs. 2,00,000 to the insured individual. In case of death due to any reason, the insurance company pays Rs. 2 lakh directly to the nominee or legal heir, ensuring immediate financial relief during difficult times. This coverage makes the scheme highly beneficial, especially for families that do not have access to expensive insurance plans.
Pradhan Mantri Jeevan Jyoti Bima Yojana is available for individuals who hold a bank or post office account and fall within the age group of 18 to 50 years. The scheme charges an affordable premium of Rs. 436 per year, which the bank automatically deducts from the applicant’s account through the auto-debit facility. The coverage period of the scheme starts from 1st June and continues until 31st May of the following year.
Banks and post offices act as the master policyholders under this scheme, while LIC and other insurance companies handle the claim settlement process. Interested applicants can visit their nearest bank branch to enrol in the scheme and avail the benefits of life insurance coverage. In case of the death of an insured person, the nominee or legal heir can file the claim through the respective bank. The applicant must submit the PMJJBY claim form within 30 days of the insured person’s death to ensure timely processing.
According to official data, more than 23 crore people have already enrolled under the Pradhan Mantri Jeevan Jyoti Bima Yojana, which highlights its popularity and effectiveness as a social security initiative.
Beneficiaries can also explore other related schemes such as Pradhan Mantri Suraksha Bima Yojana, which provides accidental insurance coverage, and the Compensation to Victims of Hit and Run Motor Accident Scheme for additional financial protection.
Amount of Premium of PMJJBY
- The beneficiary can enrol themselves under the Prime Minister Jeevan Jyoti Bima Yojana throughout the year.
- The insurance premium amount will vary according to the month of the applicant’s enrollment under this scheme.
- Following are the classifications of the premium amount of Pradhan Mantri Jeevan Jyoti Bima Yojana – PMJJBY according to the month of enrollment :-
Month of Enrollment Amount of Premium - June
- July
- August
Rs. 436/- - September
- October
- November
Rs. 342/- (Prorata Premium) - December
- January
- February
Rs. 228/- (Prorata Premium) - March
- April
- May
Rs. 114/- (Prorata Premium)
Benefits Provided to Eligible Beneficiaries
- Rs. 2,00,000/- Life Insurance Cover.
- Reasonable Premium of Rs. 436/- per year.
- Death due to any cause is covered under PMJJBY.
- Rs. 2 lakh will be given to the nominee or legal heir in case of the death of an insured person.
Eligibility Conditions Required to be Fulfilled
- Any Indian Citizen is Eligible to Apply.
- Applicant must be between 18 years to 50 years of age.
- Applicants should have an Aadhaar-linked bank Account or a Post Office Account.
Documents Required to be Attached
- Bank Account Details.
- Aadhaar Card.
- PAN Card.
- Mobile Number and Email.
How Beneficiaries Can Apply to Avail the Benefit of this Scheme
- Applicant who wish to enroll under the Central Government’s Pradhan Mantri Jeevan Jyoti Bima Yojana can get themselves registered under this scheme through the following ways :-
- Through the Offline Application Bank by visiting the Bank.
- Through an Online Application on the Bank’s Official Website.
Offline Application Process
Pradhan Mantri Jeevan Jyoti Bima Yojana is a voluntary life insurance scheme that banks implement to provide affordable life cover to individuals. Banks do not force applicants to enrol in this scheme, but they may suggest it at the time of opening a bank account. If the applicant shows interest, bank officials help them enrol in the scheme by filling out a simple application form.
Applicants must provide their consent for the auto-debit of the annual premium amount of Rs. 436, which the bank deducts directly from their account every year. During the account opening process, bank officials can simultaneously enrol the applicant under the Pradhan Mantri Jeevan Jyoti Bima Yojana, making the process quick and convenient.
Applicants who already have a bank account can also visit their nearest bank branch and apply separately to enrol in the scheme. After successful enrollment, the insurance company sends the PMJJBY policy number and policy documents to the beneficiary’s registered email address for future reference.
Applicants can visit the nearest bank branch of any participating bank for guidance and assistance regarding the PMJJBY enrollment process.
Online Application Process
Beneficiaries who already have a bank account can easily enrol in the Pradhan Mantri Jeevan Jyoti Bima Yojana through the official website of their respective bank. Applicants need to visit their bank’s official website and log in using their user ID and password to access online banking services.
After logging in, applicants should navigate to the services section and select the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) option. They must then fill out the online application form carefully and upload all the required documents as instructed. Applicants should also enter nominee details accurately and enable the auto-debit facility for payment of the insurance premium.
Once the applicant completes all the details, they should review the filled application form thoroughly and submit it online. The bank and the concerned insurance company will verify the submitted details and process the application further.
After successful approval, the bank or insurance company will send the Pradhan Mantri Jeevan Jyoti Bima Yojana policy document to the applicant’s registered email address. Applicants should note that the exact online application process may vary slightly depending on the bank.
Claim Procedure of PMJJBY
In case of the death of an insured person, the nominee or legal heir can claim the insured amount of Rs. 2 lakh under the Pradhan Mantri Jeevan Jyoti Bima Yojana through the bank account linked with the scheme. The claim process starts at the bank from which the insurance premium was deducted. The nominee or legal heir must visit the bank and inform the concerned officials about the death of the insured person to initiate the claim procedure.
After informing the bank, the nominee or legal heir should collect the Pradhan Mantri Jeevan Jyoti Bima Yojana claim application form and carefully fill in all the required details without any errors. The applicant must attach important documents such as the PMJJBY policy number or policy document, identity proof of the deceased insured person, identity proof of the nominee or legal heir, death certificate of the insured person, and any other documents required by the bank.
Once the applicant completes the form and attaches all the necessary documents, they must submit the claim application form to the bank. The bank officials verify the details and documents and approve the claim from their end by adding an official bank seal. After verification, the bank forwards the approved claim documents to the concerned insurance company for further processing.
The insurance company reviews the submitted claim form and documents and completes the final verification process. After approval, the company disburses the insurance amount of Rs. 2 lakh directly into the bank account of the nominee or legal heir of the deceased insured person, ensuring quick financial support during difficult times.
No Claim Conditions
- The government notifies certain conditions under which no claim under the PM Jeevan Jyoti Bima Yojana is payable.
- The following are the conditions under which insurance companies is not liable to pay any insurance amount to the nominee or legal heir of the insured person:-
- When the Insured Person turns 55 years old.
- Bouncing of Insurance Instalment due to a lack of or an insufficient balance in the account.
- Bank or Post Office Account Closure.
- Availing the benefit of PMJJBY or registering under PMJJBY through multiple bank accounts.
Important Application Forms of the Scheme
- Pradhan Mantri Jeevan Jyoti Bima Yojana Application Form is available in every bank. However, the beneficiary can also download the sample application form of PM Jeevan Jyoti Bima Yojana from here in available Indian Language :-
Claim Form of Scheme
- In case of the death of an insured person, their nominee or legal heir will have to file a claim to get Rs. 2,00,000/- assistance under this scheme. Following are the sample Claim Form of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in available Indian languages :-
Important Links Available
- Official Website of Jan-Dhan se Jan Suraksha.
- Guidelines of Pradhan Mantri Jeevan Jyoti Bima Yojana. (PMJJBY)
- FAQs of Pradhan Mantri Jeevan Jyoti Bima Yojana. (PMJJBY)
- State Wise Jan-Suraksha Toll Free Numbers.
- Official Website of Department of Financial Services.
Contact Details in Case of Help Needed
- National Toll Free Number :-
- 18001801111.
- 1800110001.
- Contact Numbers of Department of Financial Services.
- Department of Financial Services,
Ministry of Finance,
Jeevan Deep Building, Sansad Marg,
New Delhi – 110001.
Frequently Asked Questions (FAQs)
1. What is Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?
Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed life insurance scheme that provides Rs. 2 lakh coverage at an affordable premium of Rs. 436 per year.
2. Who can apply for PMJJBY?
Any Indian citizen aged between 18 and 50 years with a bank or post office account can apply for this scheme.
3. What is the premium amount under PMJJBY?
The scheme requires an annual premium of Rs. 436, which the bank deducts automatically from the applicant’s account.
4. What benefits does PMJJBY provide?
The scheme provides a life insurance cover of Rs. 2 lakh, which the nominee or legal heir receives in case of the insured person’s death.
5. Does PMJJBY cover death due to any cause?
Yes, the scheme covers death due to any reason, including natural and accidental causes.
6. How can I apply for Pradhan Mantri Jeevan Jyoti Bima Yojana?
You can apply through your bank branch by filling out the application form or enrol online through your bank’s official website.
7. What is the duration of coverage under PMJJBY?
The insurance coverage remains valid for one year, from 1st June to 31st May, and you can renew it annually.
8. How can a nominee claim the insurance amount?
The nominee or legal heir must visit the bank, submit the claim form along with required documents, and the insurance company will transfer Rs. 2 lakh to their account after verification.
9. What documents are required to apply for PMJJBY?
Applicants need bank account details, Aadhaar card, PAN card, and a valid mobile number and email ID.
10. Can I enrol in PMJJBY if I already have a bank account?
Yes, existing account holders can visit their bank branch or use online banking to enrol in the scheme.
11. When is the last date to submit a claim under PMJJBY?
The nominee should submit the claim form within 30 days of the death of the insured person.
12. Can a person enrol in PMJJBY through multiple bank accounts?
No, a person can enrol in this scheme through only one bank account. Multiple enrollments are not allowed.
Tabassum is a government schemes researcher and writer with 5 years of experience tracking Central and State welfare programmes across India. She has covered 500+ schemes spanning agriculture, women welfare, education, and housing, helping lakhs of beneficiaries understand their entitlements in simple language.