Pradhan Mantri Jeevan Jyoti Bima Yojana
Shown as running by: PIB, Ministry of Finance: Jan Suraksha schemes complete 11 years (9 May 2026) (9 May 2026, 1. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): “Premium: Rs.436/- per annum per member … Benefits: Rs.2 lakh is payable on subscriber’s death due to any cause.” Achievements as on 29.04.2026)
Life cover of ₹2 lakh for death from any cause, for any bank or post office account holder aged 18 to 50, for a premium of ₹436 a year taken from the account.
- Lead benefit
- ₹2,00,000life cover for ₹436 a year
- Components
- 1each read from the document
- Who can apply
- Allapplicants
- Closing date
- Seasonalsee “When to apply”
What it pays
For ₹436 a year, your family gets ₹2 lakh if you die from any cause while covered.
What the document says, word for word
Join between 18 and 50; cover ends at 55 (para 7, 9(1)). If you join for the first time, death from a cause other than an accident in the first 30 days is not covered (para 4). The premium is reviewed every year on claims experience (para 6).
“5. Benefits: Rs.2 lakh is payable on member’s death due to any cause. 6. Premium: Rs.436/- per annum per member.”How much can I claim?
Life cover of ₹2,00,000 on death from any cause, for a premium of ₹436 a year auto-debited from your account.
Join between 18 and 50; cover ends at 55 (para 7, 9(1)). If you join for the first time, death from a cause other than an accident in the first 30 days is not covered (para 4). The premium is reviewed every year on claims experience (para 6).
Who can apply
- All applicants
Papers you need
- A savings bank or post office account, with Aadhaar as the primary KYC
How to apply
- At the bank or post office where you have a savings account, fill the PMJJBY enrolment and auto-debit consent form; you can join through one account only (Rules para 2, 4).
- Keep enough balance: ₹436 is taken each year before 1 June; joining later in the year costs ₹342, ₹228 or ₹114 depending on the quarter (para 3).
- Keep the acknowledgement slip — it serves as your certificate of insurance (para 10).
Applying is free. Never pay anyone to apply for you.
When to apply
Cover runs 1 June to 31 May; join by 31 May for the full year, or later in the year at a pro-rata premium.
Combining with other schemes
The documents do not say whether this can be combined with other schemes. Ask the implementing office before you count on both.