About this banking scheme
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an insurance scheme offering life insurance cover for death due to any reason. It is a one-year cover, renewable from year to year. The scheme is offered by banks/post offices and administered through life insurance companies.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an insurance scheme offering life insurance cover for death due to any reason. It is a one-year cover, renewable from year to year. The scheme is offered by banks/post offices and administered through life insurance companies. All individuals who are account holders of participating banks/ post office in the age group of 18 to 50 years are entitled to join.
Benefits at a glance
| Scheme name | Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) |
|---|---|
| Launched by | Ministry Of Finance |
| Department | Department of Financial Service |
| Launch year | 2015 |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | Central · All India |
| Official portal | jansuraksha.gov.in (link at the end of this page) |
Key facts
| Scheme type | Central Sector Scheme |
|---|---|
| Implementing agency | Banks |
| Scheme for | Individual |
| Application mode | Offline / Online |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 50 years
- 📝Offline / Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- PMJJBY offers one- year term life cover of Rs. 2.00 Lakh to all the subscribers in the age group of 18-50 years.
- It covers death due to any reason.
- Premium payable is Rs. 436/- per annum per subscriber, to be auto debited from the subscriber’s bank/post office account.
Who qualifies
- The age of the applicant must be between 18 to 50 Years.
- The applicant must hold an individual bank / post office account.
Who is not eligible
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Papers to keep ready
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Registration walkthrough
Offline
Offline
Step 01: Download and take print of the “CONSENT-CUM-DECLARATION FORM” given in the link below: https://www.jansuraksha.gov.in/Files/PMJJBY/English/ApplicationForm.pdf#zoom=250
Step 02: Duly fill and sign the application form, attach the self-attested copies of the required documents, and submit the case to the authorised official of Bank / Post Office. The official will return you the “ACKNOWLEDGEMENT SLIP CUM CERTIFICATE OF INSURANCE”.
Online
One can also avail cover under PMJJBY online using their bank's Net banking facility.
Important dates
| Launch / start | 09 May 2015 |
|---|
Terms used in this scheme
- Master Policy Holder
Participating Banks will be the Master policy holders. A simple and subscriber friendly administration & claim settlement process is finalized by LIC / chosen insurance company in consultation with the participating bank.
- Condition
No claim shall be payable in case of death occurring within 30 days from the date of joining/rejoining the policy, except in case of death due to accident.
Frequently asked questions
How do I pay the premium for PMJJBY?
The premium will be deducted from the account holder’s bank / Post office account through ‘auto debit’ facility.
What is the validity of the insurance cover in PMJJBY?
Coverage under PMJJBY is valid for one year from 1st June to 31st May on payment of annual premium.
Is delayed enrolment for prospective cover possible under this scheme?
Yes.
Delayed enrolment for prospective cover is possible on payment of premium as described below –
a) For enrolment in June, July and August – Full Annual Premium of Rs.436/- is payable.
b) For enrolment in September, October, and November –premium of Rs. 342/- is payable
c) For enrolment in December, January and February –premium of Rs. 228/- is payable.
d) For enrolment in March, April and May –premium of Rs. 114/- is payable.
If I decide to exit the scheme, is there any possibility that I can rejoin at a later point of time?
Yes.
One can enroll again under the same conditions of eligibility stipulated in the Scheme.
Who will offer / administer the scheme?
The scheme would be offered / administered through Insurance companies willing to offer the product with necessary approvals on similar terms, in collaboration with participating Banks. Participating banks will be free to engage any such insurance company for implementing the scheme for their subscribers.
What is the minimum eligibility to subscribe to PMJJBY?
All savings bank account holders in the age 18 to 50 years in participating banks will be entitled to join.
In case of multiple bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one saving bank account only.
Who would be the Master policy holder for the scheme?
Participating Banks/ Post Offices will be the Master policy holders.
Are NRIs eligible for coverage under PMJJBY?
Any NRI having an eligible bank account with a bank branch located in India is eligible for purchase of PMJJBY cover subject to fulfilment of the terms and conditions relating to the scheme. However, in case a claim arises, the claim benefit will be paid to the beneficiary/ nominee only in Indian currency.
Does the PMJJBY cover death resulting from natural calamities such as earthquake, flood and other convulsions of nature? What about coverage from suicide / murder?
Yes, all these events are covered under PMJJBY.
What are the changes in the terms of insurance coverage applicable to new subscribers?
For subscribers enrolling for the first time on or after 1st June 2016, insurance benefit shall not be available for death (due to any cause other than accident) occurring during the first 30 days from the date of enrolment into the scheme. Death due to accidental causes will be covered from day one of insurance coverage.
How do I access the Claim Form for PMJJBY?
The claim forms can be accessed from the link - https://www.jansuraksha.gov.in/Files/PMJJBY/English/ClaimForm.pdf
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines jansuraksha.gov.in (PDF)
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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