PM Jeevan Jyoti Bima Yojana (PMJJBY)
Life cover of Rs 2 lakh for a small yearly premium
PMJJBY is a one-year renewable life insurance policy that pays Rs 2 lakh to the family if the account holder dies for any reason. It is open to people aged 18 to 50 with a bank account, and the premium, around Rs 436 a year, is deducted automatically from the account. Enrol at your bank branch or through the bank's app. The premium can change, so confirm it with your bank.
Rules, amounts and dates can change. Confirm the details on the official portal or at your taluk office before you apply.
At a glance
| Department | Central government schemes |
|---|---|
| Started | 2015 |
| Group | Welfare and food |
Check official sources
Eligibility, amounts and how to apply change often. Confirm on the official portals or at your taluk office.
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