Pradhan Mantri Jeevan Jyoti Bima Yojana: Eligibility, Premium, Coverage, Benefits

30^th Nov 2025...

Published By : Team 811

Latest News

PMJJBY has provided life insurance to more than 21 crore beneficiaries.
Centre may allow individuals to raise the insurance cover up to INR 5 lakhs.

Key Takeaways

PMJJBY provides INR 2 lakh insurance cover at an affordable annual premium of INR 436.
PMJJBY eligibility requires individuals to be aged between 18 to 50 years, with an account at a bank or post office to be eligible.
Enrollment can be performed online or offline.
PMJJBY premiums are to be paid through an easy auto-debit facility.

PMJJBY full form, Pradhan Mantri Jeevan Jyoti Bima Yojana, is the insurance scheme offered by the Ministry of Finance, Government of India. It offers life insurance cover for the death of the applicant due to any reason. The scheme provides financial security to the families of policyholders in case of their death.

What is PMJJBY Yojana?

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a life insurance cover offered by the Government of India. It offers a one-year cover, renewable annually, to the policyholder. The scheme is offered through banks or post offices and administered by life insurance companies.

It means applicants can take the scheme through the bank or post office, but life insurance companies manage the insurance. These insurers provide the products based on the scheme’s approved terms after obtaining the required approvals and necessary tie-ups.

Who Benefits from PMJJBY?

All individuals who are account holders of participating banks or post offices can benefit from the Pradhan Mantri Jeevan Jyoti Bima Yojana. It offers financial protection to the families upon the death of the insured. The amount reaches the nominee of the policy in the event of the account holder’s death.

Key Features & Benefits of PMJJBY

The Pradhan Mantri Jeevan Jyoti Bima Yojana offers disbursal of INR 2 lakh to the nominee on the scheme holder’s death due to any cause. The features of the scheme include:

It is a one-year scheme that can be renewed annually.
It allows easy enrollment combined with quick processing.
The scheme does not require a medical examination.
It is affordable with the requirement of INR 436 as the PMJJBY premium annually per member.
The deposition process is also simple, with an ‘auto-debit’ facility in one installment at the time of enrollment under the scheme, depending on the provided option.
It allows rejoining the scheme if individuals exit the scheme at any point in time.

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PMJJBY Eligibility Criteria

The applicant must be aged between 18 to 50 years.
They must hold an individual savings bank account or a post office account.
The applicant must give consent to join/enable auto-debit from the bank account.
The applicant should necessarily possess an Aadhaar card for primary KYC.

Exclusions

The exclusion in the PMJJBY scheme is a 30-day lien or waiting period. The exclusion goes as follows:

If an individual joins PMJJBY for the first time and dies due to any cause other than an accident within 30 days of enrollment, then no insurance claim will be paid.

There is no exclusion after 30 days have been completed. Death due to any cause is eligible for full life cover.

Documents Required for PMJJBY

The documents required to avail the PMJJBY scheme include:

CONSENT-CUM-DECLARATION FORM
Any one of the following:
Aadhaar card
Electoral Photo Identity Card (EPIC)
MGNREGA card
Driving License
PAN card
Passport

The documents to be submitted to claim the PMJJBY scheme include:

CLAIM-CUM-DISCHARGE FORM within 30 days of the death of the insured member
Proof of the death of the insured member
KYC documents
First two pages of the passbook or the bank/post office account statement showing account details
Proof of the claimant being the legal heir if the claimant is other than the nominee/appointee
Proof of the death of the nominee if the nominee has died before the insured member
Advanced receipt for discharge of claim

Application Process of PMJJBY

The application process for the PMJJBY yojana is possible both online and offline.

PMJJBY Apply Offline

Print the “CONSENT-CUM-DECLARATION FORM” by clicking on the link.
Fill the form carefully.
Attach the self-attested copies of the required documents.
Submit the form and documents to the authorised official of the Bank/Post Office.
Get the ‘Acknowledgement slip cum certificate of insurance.’

PMJJBY Apply Online

Visit the bank’s official website or portal and log in with Net Banking credentials.
Select PMJJBY from the insurance section and fill the form carefully.
Attach the soft copies of the documents as required.
Finalise the submission.

What Are the PMJJBY Premiums?

The PMJJBY yojana is valid for 1 year from 1st June to 31st May. Enrolling near the joining date requires paying the full PMJJBY premium. As you go later in the year, the premium reduces. Here is the breakup of the PMJJBY premium:

Months in which you enroll	PMJJBY premiums
June, July, or August	INR 436 (full yearly amount)
September, October, or November	INR 342
December, January, or February	INR 228
March, April, or May	INR 114

When Does PMJJBY Insurance Cover Stop?

If life insurance under the PMJJBY yojana ends, no claim will be paid unless rejoined. It can terminate in the following situations:

On reaching 55 years of age
If the linked bank or post office account is closed or has a low balance for auto-debit

Check Status of PMJJBY

You can check the status of PMJJBY online through JanSuraksha or through your internet banking account.

Checking Status Through JanSuraksha

Click on the link to go to the Find Your Policy page at the JanSuraksha website.
Enter details such as account number and date of birth.
From the drop-down menu, select the scheme and bank.
Click on ‘Submit’ to check the final status.

Checking Status Through Internet Banking

Head to the official website of the bank and log in to the internet banking account.
Look for the PMJJBY section and enter the details.
Provide the PMJJBY application number and ‘Submit’ to check the status.

Benefit Disbursal

Once the insurance company approves the claim, the admissible claim amount of INR 2 lakh is directly credited to the nominee, appointee, or legal heir as applicable.
If no nominee is registered or if the nominee has died before the insured, the Pradhan Mantri Jeevan Jyoti Bima Yojana benefits are paid to the legal heirs. It requires producing a valid success certificate or a legal heir certificate.
The payment or rejection is notified to the claimant through digital notification and the SMS portal. It is also updated on the official portal.

Conclusion

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is the life insurance cover scheme provided by the Ministry of Finance, Government of India. It is a one-year life cover available at the PMJJBY premium of INR 436 per year. It can be renewed again. The scheme offers the family the benefit of INR 2 lakh on death due to any reason.

FAQs

1. What happens if I have insurance from more than one bank account?

If an individual has a PMJJBY scheme operating from multiple bank accounts, then the maximum cover they will get is INR 2 lakhs. Extra premium paid for duplicate policies will not be refunded.

2. Can I rejoin the scheme if my policy lapses?

Yes, you can rejoin by paying the premium again. However, it will be treated as a fresh policy, and the 30-day waiting period will apply again. During this period, natural death is not covered under the policy claim.

3. When can I enroll for PMJJBY?

You can enroll for PMJJBY in one year from 1st June to 31st May. The premium will depend on which month you enroll in the scheme.

4. Can all joint account holders enroll in the scheme?

Yes, every holder of a joint bank account can join the scheme separately. The condition is that they must meet the eligibility criteria and agree to pay the annual premium through auto-debit.

5. What will be the proof of death in case of natural accidents?

Natural accidents like death due to a fall from a tree, a snake bite, or others will be supported by the immediate hospital record.

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This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empanelled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees, and contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.