Check the complete PMJJBY scheme details to get renewable life insurance coverage of ₹2 lakh for just ₹436 per year. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme providing financial protection to families in case of the subscriber’s demise due to any cause.
What is the PMJJBY Scheme?
Administered through Life Insurance Corporation (LIC) and other participating life insurers, PMJJBY offers one-year life insurance coverage renewable annually. The cover period runs from June 1 to May 31 each year, with the annual premium auto-debited directly from the subscriber’s bank account.
Important Information
Eligibility & Benefits
- Eligibility
- Bank/post office account holders aged 18 to 50 who give consent for annual auto-debit of the premium; cover can continue up to age 55 subject to payment of premium.
- Benefits
- ₹2 lakh to the nominee on death due to any cause, renewable each year the premium is paid.
- Required documents
- A savings bank or post office account with auto-debit consent for the premium.
How to Apply
- Application process
- Enrol through the bank or post office where the savings account is held, via a consent form or net-banking/mobile-banking option.
Official Source
Department of Financial Services, Ministry of Finance
Visit Official Website / Apply
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Source: Department of Financial Services — PMJJBY
Last verified: 2026-09-06
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