Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
A government-backed life insurance scheme offering ₹2 lakh coverage for death from any cause. Annual premium of ₹436, auto-debited from your bank or post office account.
Overview
PMJJBY is administered by the Department of Financial Services. It provides affordable life cover with no medical examination. Those who enrol before 50 can continue until 55. Premium is pro-rata for mid-year enrolment.
Process
Step 114%
Visit your bank or post office where you hold a savings account
Step 229%
Fill the PMJJBY enrollment form
Step 343%
Provide Aadhaar and bank account details
Step 457%
Authorise auto-debit of premium (₹436/year)
Step 571%
Aadhaar linking is mandatory
Step 686%
Coverage runs from June 1 to May 31 each year
Step 7100%
30-day waiting period for non-accidental deaths
Documents Required
Aadhaar card
Bank or post office savings account
Consent form for auto-debit
Eligibility
Age 18–50 years at enrolment
Savings bank or post office account
One account per person (if multiple accounts, join through only one)