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Home / Health Insurance / Articles / 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 15, 2023

A life insurance policy can be beneficial to support your family financially in the unfortunate event of your death. However, everyone might not be able to afford a typical life insurance policy due to its premium. So, is there an affordable alternative? Read ahead to find out! In this article, we will be discussing the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) scheme its benefits and how to apply for it online.

Pradhan Mantri Jeevan Jyoti Bima Yojana



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

PMJJBY is a Government-launched scheme that offers life insurance at a generally affordable annual premium. It was launched in 2015. As mentioned in the previous section, life insurance may not be affordable for people from poverty-stricken families. Considering this, the Indian Government introduced the PMJJBY scheme so that life insurance can be bought by individuals from all income classes.

Features of Pradhan Mantri Jeevan Jyoti Bima Yojana scheme

The following are the key features of the PMJJBY policy.

  • In the event of the unfortunate demise of the insured, a lump sum of Rs. 2 lakhs will be paid to the nominee(s) selected by the insured at the time of policy purchase.

  • The policy offers a coverage period of one year (from 1st June of the current year to 31st May of the next year) and can be renewed annually (up to the age of 55 years).

  • The policy will be linked to your bank account, and an auto-debit of the premium will be carried out once every year between the dates May 25th and May 31st.

  • Your Aadhaar card will be the main document considered for KYC verification.

  • Even if you have multiple savings bank accounts, you can only use one account to apply for a 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.

What is not covered under the PMJJBY scheme?

The following are some of the key exclusions of a PMJJBY scheme.

  • Attempted suicide while under the influence of intoxicating substances

  • Intentional self-injury or suicide

  • Breach of the law with or without criminal intent

Eligibility criteria to apply for Pradhan Mantri Jeevan Jyoti Bima Yojana

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 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.

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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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