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Home / Health Insurance / Articles / Government Schemes / Pradhan Mantri Jeevan Jyoti Bima Yojana Scheme: Benefits and How to Apply Online

Pradhan Mantri Jeevan Jyoti Bima Yojana Scheme: Benefits and How to Apply Online

Team AckoMar 21, 2024

PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is an annual renewal life insurance scheme providing ₹2,00,000 coverage for the policyholder's demise. The premium is just ₹330 per year, making it highly affordable. It aims to extend life insurance benefits to the masses, particularly the underprivileged and the economically weaker sections, ensuring financial security for families in the event of any unforeseen circumstances. In this article, we'll explore the different aspects of the PMJJBY scheme.

Pradhan Mantri Jeevan Jyoti Bima Yojana



Scheme overview

Here is a quick overview of the Pradhan Mantri Jeevan Jyoti Bima Yojana.



Scheme Name

Pradhan Mantri Jeevan Jyoti Bima Yojana Scheme

Launch Date

1st June 2015


Provide affordable life insurance coverage to individuals for financial security.


Renewable one-year term life insurance plan.


Rs. 330/- 


Individuals aged 18 to 50 years with an active savings bank account.

Sum Assured

Rs. 2 lakhs

Enrollment Process

Visit participating bank branches, fill out the form, provide auto-debit consent, and maintain balance.

Renewable Policy

Policy can be renewed annually, until the policyholder reaches the age of 55 years.


Financial security, easy enrollment, renewable policy.

What is the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?

Launched by the Government, PMJJBY is a life-insurance scheme that offers coverage with an affordable annual premium. This initiative acknowledges that traditional life insurance might not align with the budget of families facing financial constraints. To address this issue, the Indian Government introduced the PMJJBY scheme, with the goal of making life insurance accessible to individuals across different income groups.

Features of Pradhan Mantri Jeevan Jyoti Bima Yojana 

Here is a list of features of the PMJJBY.

  • Sum Assured on Demise: In the unfortunate event of the insured's passing, a substantial lump sum of Rs. 2 lakhs will be disbursed to the nominee(s) designated by the insured during policy acquisition.

  • Annual Coverage Period: The policy encompasses a one-year coverage period, commencing from the 1st of June in the current year and concluding on the 31st of May in the subsequent year. Moreover, the policy holds the provision for annual renewal, extending its benefits until the insured reaches the age of 55.

  • Automated Premium Payment: Seamlessly integrated with your bank account, the policy ensures automated premium deduction. A single annual auto-debit transaction will occur between the dates of May 25th and May 31st.

  • Aadhaar Card Verification: Your Aadhaar card assumes paramount importance as the primary document for the necessary KYC verification process.

  • Account Limitation: While maintaining multiple savings bank accounts, it's imperative to note that only one account can be used for initiating an application for the PMJJBY life insurance policy.

Pro rata premium payment

If you happen to buy the policy after the month of May, the premium will reduce as per the number of months remaining in the policy term. The below-mentioned table shows the premium payable on a pro-rata basis, based on the month of policy purchase.

Months Premium payable
June, July and August Rs. 436 (Full premium)
September, October and November Rs. 342
December, January and February Rs. 228
March, April and May Rs. 114

Coverage benefits of the Pradhan Mantri Jeevan Jyoti Bima Yojana scheme

The following are the main benefits offered by the PMJJBY scheme.

  • As per the Income Tax Act, you can avail of tax exemption for the premium paid towards a PMJJBY policy.

  • You can temporarily exit this scheme and rejoin later by linking a bank account, paying the premium and submitting an up-to-date health certificate.

  • The lump sum of Rs. 2 lakhs offered under the policy in the event of the insured’s death is completely tax free. Also, the claim process is straightforward.

  • The premium payable for the policy is only Rs. 436, irrespective of your age.

  • You do not have to remember to renew the policy every year; the policy premium will be auto-debited from your account during renewal time.

PMJJBY eligibility criteria

The following are the eligibility criteria for availing of the PMJJBY policy.

  • You must be between the ages of 18 to 50 years to be eligible to apply for this policy. However, coverage generally extends up to 55 years of age.

  • You must have one bank or post office account for auto-debiting the policy premium and an Aadhaar card for KYC verification purposes.

PMJJBY exclusions

Here is a list of exclusions of the Pradhan Mantri Jeevan Jyoti Bima Yojana.

  • If you're a new member, the insurance coverage won't include non-accidental death for the first 30 days after enrolling. In case of non-accidental death during this time, claims won't be accepted.

  • Attempted suicide while under the influence of intoxicating substances.

  • Intentional self-injury or suicide

  • Breach of the law with or without criminal intent

PMJJBY enrollment process

Follow the below-listed steps to apply for a PMJJBY scheme online.

Step 1: Not all banks support the PMJJBY scheme. Please ensure that your bank offers it before thinking of applying.

Step 2: Visit your bank’s website and log in to your account via your debit card pin or net banking credentials (as applicable).

Step 3: Click on the tab titled “insurance”, select social services schemes and choose the Pradhan Mantri Jeevan Jyoti Bima Yojana scheme under it.

Step 4: Select the account you wish to link to the PMJJBY policy (this account will be auto-debited once every year).

How to check PMJJBY policy status online

You can check your PMJJBY policy status online by following the below steps. 

Step 1: Log on to the official website of your bank and sign in to your internet banking account.

Step 2: Head to the PMJJBY section and enter your bank account number.

Step 3: After that, enter your PMJJBY application number and click submit to view its status.

How to download my Pradhan Mantri Jeevan Jyoti Bima Yojana policy certificate online

The process of downloading a Pradhan Mantri Jeevan Jyoti Bima Yojana policy certificate may differ slightly from bank to bank. Nonetheless, the following is the general process.

Step 1: Head to your bank’s website and log in to your net banking account.

Step 2: Under the insurance drop-down tab, choose “social security schemes”. Then, under that, select the Pradhan Mantri Jeevan Jyoti Bima Yojana scheme.

Step 3: Select the transaction type. For example, select UID and enter your Aadhaar number for verification.

Step 4: After that, you have to enter details like your name, account number, nominee details, etc. Then, check a box that says “Declaration of Good Health”.

Step 5: Once you have successfully registered your PMJJBY certificate, you will be redirected to a page where you can see all your policy details. 

Online PMJJBY claim registration and settlement procedure

If you are a nominee in a PMJJBY scheme, here’s how you can claim the cash benefit.

Step 1: In the unfortunate event of the death of the PMJJBY account holder, visit the website of their policy-linked bank account and submit their death certificate.

Step 2: Download the claim form or collect it from the bank and fill it up. 

Step 3: Append copies of documents like the death certificate, bank account details, cancelled cheque, etc. 

Once you initiate a claim request, the bank will verify all the submitted documents and give a go-ahead to the insurance company. The insurer will again verify the submitted documents to confirm legitimacy. Once all the documents are verified, the insurance company will transfer the bulk amount to your bank account (the bank account of the nominee).

PMJJBY fax number and address

If you require assistance while signing up for or claiming from a PMJJBY scheme, please contact the Department of Financial Services, Government of India. Below mentioned is their address and fax number.


Department of Financial Services

Ministry of Finance

3rd Floor, Jeevan Deep Building

Sansad Marg

New Delhi - 110001 Fax No. - 23742207, 23360250 (Banking Division), 23344605 (Ins.)

How to cancel a PMJJBY policy

Here are the two methods you can use to cancel a PMJJBY policy.

Method 1: Visit the branch office of the bank linked to the PMJJBY scheme and request to stop the PMJJBY premium annual auto-debiting process. If the payment is not made on time, automatically, the policy will get cancelled.

Method 2: Alternatively, you can empty your linked bank account by transferring its funds to another account. That way, auto-debiting will not be successful because of insufficient funds, and the policy will consequently get cancelled.

Break up of the premium:

PMJJBY to the insurance company: ₹436 for a member per annum

Reimbursement of expenses to banks/agents: ₹30 for a member per annum

Reimbursement of administrative costs to the listed bank:  ₹11 for a member per annum

How PMJJBY Works:

The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a straightforward life insurance scheme designed to provide financial protection to policyholders and their families. Here's how PMJJBY works:

Eligibility: Individuals between the ages of 18 and 50 (with coverage up to age 55) who hold a savings bank account are eligible for PMJJBY. To enroll, individuals need to provide their consent and authorize auto-debit for premium payments.

Life Coverage: PMJJBY offers a life insurance cover of ₹2 lakhs. Policyholders pay an annual premium of ₹330 per member, renewable each year. Joint account holders can also join the scheme individually by paying the premium.

Enrollment: Participating banks or post offices serve as master policyholders. The insurance coverage begins either on June 1 or the date of enrollment, whichever is later. The coverage remains valid until May 31 of the following year. Premiums are deducted from the policyholder's bank or post office account in a single payment, based on the selected payment mode during enrollment.

Exclusions: For new members entering the scheme, there is a 30-day exclusion period (lien period). During this period, insurance coverage for deaths (other than due to accidents) is not applicable, and no claims are admissible if such deaths occur.

Tax Benefits: The premiums paid for PMJJBY are eligible for tax deduction under Section 80C of the Income Tax Act.

Claim Settlement: In the unfortunate event of the policyholder's demise, the nominee or legal heir is entitled to the sum assured, i.e., ₹2 lakhs. The claim process typically involves submitting a death certificate and relevant documents to the insurance company or designated authorities.

PMJJBY provides an affordable and accessible life insurance option for a wide range of individuals, ensuring financial security for policyholders and their families. It simplifies the insurance process, making it easy for eligible individuals to enroll and secure coverage.

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Frequently asked questions

Here are some of the most commonly asked questions regarding the Pradhan Mantri Jeevan Jyoti Bima Yojana scheme.

Which documents are required to apply for the Pradhan Mantri Jeevan Jyoti Bima Yojana scheme?


Aadhar card is the only document that is generally required to apply for the PMJJBY life insurance policy. It is used for KYC verification purposes.

Which documents need to be submitted while making a PMJJBY policy claim?


The following documents are generally required while making a PMJJBY claim.

  • Death certificate

  • Discharge receipt

  • Photocopy of the cancelled cheque

  • Duly filled claim form

Under what circumstances will the PMJJBY policy be involuntarily terminated?

  • If you complete 55 years of age

  • Closing the policy-linked bank account before policy renewal

  • Not having sufficient funds in the policy-linked bank account at the time of renewal

Is it possible to exit and rejoin a PMJJBY policy?


Yes, it is possible to exit and rejoin a PMJJBY policy. However, to join back, you may need to submit an up-to-date health certificate.

Disclaimer: The content on this page is shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet, and is subject to changes.

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