Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a life insurance scheme offered by the Ministry of Finance, Government of India. It provides a one-year term life cover for individuals aged 18 to 50 years, covering death due to any reason. This scheme aims to offer financial security and support to account holders of participating banks and post offices across the nation.

Pradhan Mantri Jeevan Jyoti BimaYojana (PMJJBY)

Pradhan Mantri Jeevan Jyoti Bima

Pradhan Mantri Jeevan Jyoti Bima Yojana offers a life cover of ₹2.00 Lakh for one year, renewable annually. The premium is ₹436 per year for each subscriber. It’s automatically taken from the person’s bank or post office account. Life insurance companies handle the scheme. This makes it easy and affordable for everyone who qualifies.

Full Details Of This Scheme

Name of SchemePradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
AnnouncementGovernment of India
ObjectivesTo provide affordable life insurance coverage for individuals across India
Incentive ₹436/- per annum
₹2.00 Lakh life cover for the insured
BeneficiariesAll individuals aged 18-50 years across India
Application ProcessOnline and offline Auto-debit facility from bank/post office accounts


  • To Provide life insurance cover for death due to any reason.
  • To Make life insurance accessible and affordable for individuals aged 18 to 50 years.
  • To Ensure financial security and peace of mind for policyholders and their families.

Eligibility Criteria

  • Age must be between 18 to 50 years.
  • Must hold an individual bank or post office account.
  • Consent for auto-debit from the bank/post office account is required.

Pradhan Mantri Matru Vandana Yojana (PMMVY 2.0) 


  • Life cover of ₹2.00 Lakh for the insured.
  • Coverage for death due to any reason.
  • Nominal premium of ₹436/- per annum per subscriber.
  • Premium is auto-debited from the subscriber’s bank/post office account.
  • Renewable cover, offering continuous protection.

Required Documents

  • Aadhar card (primary KYC for bank/post office account).
  • PAN card.
  • Ration card.
  • Voter card.
  • Address proof.
  • Educational certificates.
  • Bank account statement.
  • Passport size photo.

How to Apply

Offline: Visit participating banks/post offices, fill out the application form, and provide necessary documents.

Online: Utilize the bank’s net banking facility to apply online, following the prescribed procedure.

Enrolment Period: Submit the application and pay the premium by 31st May of every year for coverage from 1st June to 31st May of the following year.

PM Street Vendor’s AtmaNirbhar Nidhi

Contact Details


Department of Financial Services
Ministry of Finance
3rd Floor, Jeevan Deep Building Sansad Marg

Phone: 011-23748718
PMJDY Mission:011-23361571
New Delhi-110001Fax No. – 23742207, 23360250(Banking Division), 23344605(Ins. )

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