PM Jeevan Jyoti Bima Yojana (PMJJBY) — How to Apply & Benefits

What is PM Jeevan Jyoti Bima Yojana (PMJJBY)?

Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed life insurance scheme launched on 9th May 2015 that provides a ₹2 lakh life insurance cover for a premium of just ₹436 per year (revised from ₹330 w.e.f. June 2022). The premium is auto-debited from your bank account annually.

In case of the policyholder's death (due to any cause), the nominee receives ₹2,00,000 as a lump sum.

Why it matters: This is the cheapest life insurance available in India — ideal for low and middle-income families who cannot afford regular insurance premiums.

Who is Eligible?

• Age: 18 to 50 years (policy coverage continues till age 55)
• Bank account holder in any participating bank
• Aadhaar linked to the bank account
• One policy per person (even if you have multiple bank accounts)
• No medical examination required
• Available to all Indian citizens regardless of income

Coverage Details

Documents Required

• Aadhaar Card (must be linked to bank account)
• Bank account passbook
• Nomination form (provided by bank)
• Consent-cum-declaration form (self-declaration of good health)
• Mobile number linked to bank account

How to Enrol — Step-by-Step

Through Your Bank (Recommended)

Step 1: Visit Your Bank Branch

• Go to your savings account bank branch
• Ask for the PMJJBY enrolment form

Step 2: Fill the Form

• Fill in your personal details (name, DOB, Aadhaar, nominee details)
• Sign the consent-cum-declaration form (declaring good health)
• Provide nominee details (name, relationship, age)

Step 3: Auto-Debit Consent

• Give written consent for annual auto-debit of ₹436 from your account
• Ensure your account has sufficient balance (at least ₹436) before 31st May each year

Step 4: Confirmation

• The bank processes your enrolment
• You receive an SMS confirmation and certificate of insurance
• Coverage starts from 1st June of that year

Through Net Banking / Mobile Banking

1. Log in to your bank's net banking or mobile app
2. Navigate to "Insurance" or "Social Security Schemes" section
3. Select "PMJJBY"
4. Verify your details and add nominee information
5. Confirm auto-debit consent
6. Coverage is activated from the next coverage period

Through CSC

• Visit your nearest Common Service Centre
• The CSC operator can help enrol you if your bank supports CSC enrolment

Premium Payment

Tip: Ensure your bank account has at least ₹500 balance by end of May to avoid lapse of coverage.

How to File a Claim

Step 1: Inform the Bank

• The nominee must visit the bank branch where the deceased held the PMJJBY-linked account
• Inform them about the policyholder's death

Step 2: Submit Documents

• Death certificate (from municipal authority)
• Claim form (provided by bank)
• Nominee's Aadhaar and bank account details
• Cancelled cheque of nominee's account (for electronic transfer)

Step 3: Claim Processing

• The bank forwards the claim to the insurance company (LIC or other participating insurer)
• Claim is verified and processed
• ₹2,00,000 is transferred to the nominee's bank account

Processing Time

• Claim settlement: Typically within 30 days of submitting all documents

Important Tips

1. Link Aadhaar to bank account — this is mandatory for enrolment. Visit your bank if not done yet.
2. Keep nominee details updated — if your family situation changes (marriage, etc.), update the nominee at your bank.
3. Maintain balance in May — the premium is auto-debited around 31st May. If it fails, your coverage lapses.
4. Combine with PMSBY — for comprehensive coverage, also enrol in PM Suraksha Bima Yojana (accident insurance at ₹20/year).
5. Inform your family — make sure your nominee knows about this policy so they can file a claim if needed.

Frequently Asked Questions (FAQs)

Q1: Is PMJJBY same as PMSBY?

No. PMJJBY is a life insurance scheme (covers death due to any cause) costing ₹436/year. PMSBY (PM Suraksha Bima Yojana) is an accident insurance scheme (covers accidental death/disability) costing ₹20/year. You can enrol in both.

Q2: What if I miss the premium payment?

If the auto-debit fails, your coverage lapses. You can re-enrol by paying the full annual premium and submitting a self-declaration of good health. There is no penalty for late enrolment within the year.

Q3: Can I enrol after age 50?

No. The maximum entry age is 50 years. However, if you enrolled before 50, coverage continues until age 55 with annual premium payments.

Q4: Is there a waiting period?

There is a 30-day waiting period from the date of enrolment. Death within 30 days of first enrolment (except accidental death) is not covered.

Q5: Can NRIs enrol in PMJJBY?

Yes, if they have a valid Indian bank account linked with Aadhaar. However, claim settlement for NRI nominees may involve additional documentation.

Q6: Which insurance company provides the cover?

LIC (Life Insurance Corporation of India) is the primary insurer for most banks. Some banks may partner with other life insurance companies. The terms remain the same regardless.

Q7: Can I have PMJJBY from multiple bank accounts?

No. Only one PMJJBY enrolment per person is allowed, regardless of how many bank accounts you hold.

This guide is for informational purposes only. CitizenNest is an independent platform and is not affiliated with the Government of India. Verify details at jansuraksha.gov.in.