The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), launched by the Government of India in 2015, continues to be a cornerstone of social security initiatives aimed at providing affordable life insurance to Indian citizens. Designed to cater to economically weaker and middle-class families, PMJJBY offers a financial safety net in the event of the policyholder’s untimely demise. As we move into 2025, this scheme remains highly relevant, offering a life insurance cover of ₹2 lakh at a nominal premium. This article delves into the details of PMJJBY for 2025, covering its benefits, eligibility criteria, premium structure, and the application process, to help you understand why it’s an essential tool for financial security.
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What is PMJJBY?
The Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed, pure-term life insurance scheme that provides a renewable one-year life cover. Administered through participating banks, post offices, and life insurance companies like the Life Insurance Corporation of India (LIC) and other private insurers, PMJJBY ensures that families of policyholders receive financial support in the case of the insured’s death due to any reason. The scheme is designed to be simple, affordable, and accessible, eliminating barriers such as high premiums or complex medical underwriting that often deter low-income individuals from purchasing life insurance.
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| Pradhan Mantri Jeevan Jyoti Bima Yojana |
The primary objective of PMJJBY is to promote financial inclusion by extending life insurance coverage to the masses, particularly those in rural areas and economically vulnerable sections of society. By offering a low-cost premium and a straightforward enrollment process, the scheme empowers millions of Indians to secure their families’ financial future.
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PMJJBY Highlights
| Scheme Name | Pradhan Mantri Jeevan Jyoti Bima Yojana |
|---|---|
| Objective | Provide affordable life insurance to ensure financial security for families. |
| Life Cover | ₹2 lakh paid to the nominee in case of policyholder’s death (due to any reason). |
| Annual Premium | ₹436 per year, auto-debited from the savings account (pro-rata for mid-year enrollment). |
| Eligibility Age | 18 to 50 years at enrollment; coverage available up to 55 years with yearly renewal. |
| Bank/Post Office Account | Required. The account must be KYC-compliant, preferably Aadhaar-linked. |
| Medical Requirement | No medical examination required; self-declaration of good health is sufficient. |
| Lien Period | 30 days lien for death claims (except accidental deaths which are covered immediately). |
| Enrollment Process | Via banks, post offices, Common Service Centres (CSCs), or through online net/mobile banking. |
| Renewal | Automatic annual renewal if sufficient balance is available in the account. |
| Category | Central Govt Scheme |
| Year | 2025 |
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Objective of PMJJBY 2025
The objective of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is to provide affordable life insurance coverage to all Indian citizens, particularly those from economically weaker sections. The scheme aims to ensure financial security for families by offering a ₹2 lakh life cover at a low annual premium of ₹436. By promoting financial inclusion and simplifying the enrollment process through banks and post offices, PMJJBY seeks to protect millions of households against the financial impact of the policyholder’s untimely death.
Benefits of PM Jeevan Jyoti Bima Yojana
PMJJBY offers a range of benefits that make it an attractive option for individuals seeking affordable life insurance. Here are the key advantages of the scheme in 2025:
Affordable Premium: One of the standout features of PMJJBY is its low annual premium of ₹436 per year (approximately ₹1.20 per day). This makes it accessible to people across all income groups, ensuring that even low-income families can afford life insurance.
Life Cover of ₹2 Lakh: In the event of the policyholder’s death due to any reason, the nominee receives a lump sum of ₹2 lakh. This financial assistance can help cover essential expenses, such as daily living costs, education, or debt repayment, providing stability during a challenging time.
Tax Benefits: Premiums paid under PMJJBY are eligible for tax deductions under Section 80C of the Income Tax Act. Additionally, the ₹2 lakh death benefit paid to the nominee is tax-free, enhancing the scheme’s financial appeal.
No Medical Examination Required: Unlike many traditional insurance policies, PMJJBY does not require applicants to undergo medical tests. A self-declaration of good health at the time of enrollment is sufficient, making the scheme inclusive for individuals with pre-existing conditions.
Hassle-Free Enrollment and Renewal: The scheme is linked to a savings bank or post office account, with the premium auto-debited annually. This eliminates the need for manual renewals, ensuring continuous coverage as long as sufficient funds are available in the account.
Flexible Rejoining Option: Policyholders who exit the scheme can rejoin in future years by paying the premium and submitting a self-declared health certificate. This flexibility accommodates changing financial circumstances.
Wide Reach: PMJJBY is available to all savings bank or post office account holders aged 18 to 50 years, making it accessible to a broad population, including Non-Resident Indians (NRIs) with eligible bank accounts in India.
No Maturity or Surrender Benefits: As a pure-term insurance plan, PMJJBY focuses solely on life coverage, keeping premiums low by excluding investment components or maturity benefits. This ensures affordability while delivering maximum protection.
Eligibility Criteria for PMJJBY
To enroll in PMJJBY, applicants must meet the following eligibility criteria:
- Age Limit: The applicant must be between 18 and 50 years at the time of first enrollment. Coverage continues up to the age of 55 years, provided the policy is renewed annually without lapse.
- Bank or Post Office Account: The applicant must have an active savings bank account with a participating bank or a post office account. The account must be KYC-compliant, preferably linked to an Aadhaar card, which serves as the primary KYC document.
- Auto-Debit Consent: Applicants must provide consent for the annual premium to be auto-debited from their savings account. They must maintain sufficient balance in the account to ensure uninterrupted coverage.
- Single Policy Restriction: An individual can enroll in PMJJBY through only one savings account, even if they hold multiple accounts across different banks or post offices.
- Health Declaration: At the time of enrollment, applicants must submit a self-declaration of good health, confirming they are not suffering from critical illnesses specified in the policy. For those joining after the initial enrollment period (August 31, 2015, to November 30, 2015), a self-attested medical certificate may be required.
- NRI Eligibility: Non-Resident Indians with an eligible bank account in India can enroll, but claim benefits are paid only in Indian currency.
Premium Structure for PMJJBY 2025
The premium for PMJJBY is structured to ensure affordability while accommodating enrollments throughout the year. Here’s a breakdown of the premium details:
- Annual Premium: The standard annual premium is ₹436 per year, auto-debited from the policyholder’s account between May 25 and May 31 for coverage from June 1 to May 31 of the following year.
- Pro-Rata Premium for Mid-Year Enrollment: For individuals enrolling during the policy year, a pro-rata premium is charged based on the month of enrollment:June, July, August: ₹436 (full annual premium)
- September, October, November: ₹342
- December, January, February: ₹228
- March, April, May: ₹114
- However, at the time of renewal, the full annual premium of ₹436 is payable.
- Breakdown of Premium: The ₹436 premium includes:₹289 to the insurance company for coverage
- ₹30 as reimbursement of expenses to the bank or agent
- ₹11 for administrative costs to the participating bank
- No GST is charged on the premium, further reducing costs.
- Lien Period: For new enrollees or those rejoining, a 30-day lien period applies, during which claims for non-accidental deaths are not admissible. Accidental deaths are exempt from this restriction.
How to Apply for PMJJBY 2025
Enrolling in PMJJBY is a straightforward process, designed to be accessible even in rural areas. Here are the steps to apply:
- Visit a Participating Bank or Post Office: Approach the bank or post office where you hold a savings account. Most public and private sector banks, as well as India Post, offer PMJJBY.
- Complete the Application Form: Obtain the PMJJBY application form from the bank, post office, or download it from the official Jansuraksha portal (www.jansuraksha.gov.in) (www.jansuraksha.gov.in), the bank’s website, or the LIC website. Provide details such as your name, age, bank account number, Aadhaar number, and nominee details.
- Submit KYC Documents: Link your Aadhaar card to the savings account for KYC verification. If Aadhaar is not linked, other KYC documents like a PAN card or voter ID may be accepted, though Aadhaar is preferred.
- Provide Auto-Debit Consent: Sign the consent form to allow the bank to auto-debit the premium annually. Ensure sufficient balance in your account to avoid policy lapse.
- Health Declaration: Submit a self-declaration of good health. For late enrollments, a self-attested medical certificate may be required.
- Online Application: Many banks offer the option to enroll through their mobile banking apps or net banking platforms. Log in, navigate to the insurance section, select PMJJBY, and follow the prompts to complete the process.
- Common Service Centers (CSCs): In rural areas, visit a CSC to enroll. CSCs facilitate PMJJBY applications for those with limited access to banks.
- Confirmation: Once enrolled, you’ll receive a confirmation via SMS or email, and the premium will be debited as per the schedule. Keep your account funded to ensure renewal.
Claim Process for PMJJBY
In the unfortunate event of the policyholder’s death, the nominee can claim the ₹2 lakh benefit by following these steps:
- Obtain Required Documents: Collect the policyholder’s death certificate, a duly filled claim form, a discharge receipt, and a photocopy of the nominee’s cancelled cheque or bank account details.
- Submit to the Bank: Approach the bank or post office where the policyholder’s savings account was linked. Submit the documents for verification.
- Bank Verification: The bank verifies the policy’s active status (i.e., whether the premium was paid on the renewal date) and nominee details.
- Claim Settlement: The bank forwards the documents to the insurance company (e.g., LIC or other partnered insurers). Upon approval, the ₹2 lakh is credited to the nominee’s account.
How to Download Application Form and Claim Form of PMJJBY
Download PMJJBY Application Form:
- Visit Official Website
- Go to “Forms” or “PMJJBY” section.
- Click “Consent-cum-Declaration Form” link.
- Download PDF from: Download
- Or check bank (e.g., SBI, HDFC) or LIC website (www.licindia.in) (www.licindia.in).
- Print or fill digitally for submission.
- Visit Official Website
- Find “Forms” or “PMJJBY” section.
- Select “Claim Form cum Discharge Receipt.”
- Download PDF from: Download
- Or visit bank (e.g., Canara, ICICI) or LIC website.
- Collect physical copy from bank, post office, or CSC if needed.
Exclusions and Limitations
While PMJJBY is inclusive, there are a few limitations to note:
- Lien Period: No claims are payable for non-accidental deaths within the first 30 days of enrollment or rejoining.
- No Maturity or Surrender Value: As a pure-term plan, PMJJBY does not offer returns if the policyholder survives the term.
- Single Account Restriction: Enrollment is allowed through only one savings account.
- Policy Lapse: If the premium is not paid due to insufficient funds, the policy lapses but can be reinstated with a health declaration and full premium payment.
Why PMJJBY Matters in 2025
In a country where financial literacy and insurance penetration remain challenges, PMJJBY stands out as a transformative initiative. With over 124 million enrollments as of 2016, the scheme has already impacted millions of lives by providing a safety net for families. In 2025, as economic uncertainties persist, PMJJBY’s affordability and simplicity make it a vital tool for financial planning, especially for low-income households.
The scheme aligns with the government’s vision of “Insurance for All”, ensuring that even the most vulnerable sections of society have access to life insurance. Its integration with banking infrastructure, minimal documentation, and auto-debit facility make it a model of efficiency and inclusivity.
Conclusion
The Pradhan Mantri Jeevan Jyoti Bima Yojana in 2025 continues to be a beacon of financial security for millions of Indians. With a modest premium of ₹436, a life cover of ₹2 lakh, and a hassle-free enrollment process, PMJJBY is an ideal choice for anyone aged 18 to 50 looking to safeguard their family’s future. Whether you’re a daily wage earner, a small business owner, or a salaried professional, this scheme offers peace of mind at an unbeatable cost.To enroll, visit your nearest bank, post office, or CSC, or use your bank’s digital platforms. Ensure your savings account is active and funded, and take the first step toward securing your loved ones’ financial stability. PMJJBY is not just an insurance scheme—it’s a promise of hope and resilience for every Indian family.
FAQs: PMJJBY 2025
Q. What is PMJJBY?
PMJJBY is a government-backed life insurance scheme offering a ₹2 lakh life cover for a low annual premium of ₹436. It provides financial protection to the policyholder’s family in case of their death, with a simple enrollment process through banks or post offices.
Q. Who is eligible to enroll in PMJJBY?
Individuals aged 18 to 50 years with an active savings bank or post office account are eligible. They must provide consent for auto-debit of the premium and a self-declaration of good health. Coverage continues until age 55, subject to annual renewal.
Q. What is the premium amount for PMJJBY?
The annual premium is ₹436, auto-debited from the policyholder’s savings account between May 25 and May 31 for coverage from June 1 to May 31. For mid-year enrollments, a pro-rata premium applies, but renewals require the full ₹436.
Q. What is the coverage offered by PMJJBY?
PMJJBY provides a life cover of ₹2 lakh, paid to the nominee in case of the policyholder’s death due to any reason. There are no maturity or surrender benefits, as it is a pure-term insurance plan.
Q. How can I enroll in PMJJBY?
You can enroll by visiting a participating bank, post office, or Common Service Center (CSC) and filling out the PMJJBY application form. Alternatively, use your bank’s mobile app or net banking. Provide KYC (preferably Aadhaar), consent for auto-debit, and a health declaration.
Q. Is a medical examination required for PMJJBY?
No medical examination is required. A self-declaration of good health is sufficient at the time of enrollment. For late joiners or re-enrollees, a self-attested medical certificate may be needed.
Q. What is the lien period in PMJJBY?
A 30-day lien period applies for new enrollees or those rejoining, during which claims for non-accidental deaths are not payable. Claims for accidental deaths are exempt from this restriction.
Q. Can I rejoin PMJJBY if my policy lapses?
Yes, you can rejoin in future years by paying the full ₹436 premium and submitting a self-declared health certificate, provided you meet the eligibility criteria.