Applications openCentral Government
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) — Rs 2 lakh life cover for Rs 436 a year
Government of India (Ministry of Finance, Department of Financial Services)
Overview
A low-cost, government-backed life insurance scheme. For an annual premium of just Rs 436, the nominee receives Rs 2 lakh if the insured person dies from any cause, natural or accidental.
Anyone aged 18 to 50 with a savings bank account can join; with renewal, cover continues up to age 55. The premium is auto-debited from the bank account every year and the policy renews automatically.
Enrol at your bank branch or through net banking/mobile banking with minimal paperwork. Only one policy is allowed per person.
At a glance
- Administering authority
- Government of India (Ministry of Finance, Department of Financial Services)
- Scheme type
- Social Security
- Place of posting / area
- All India
- Application mode
- Online and offline
- Important dates
- Applications accepted year-round
Benefits
- Life cover of Rs 2 lakh on the insured person's death (any cause)
- Premium of only Rs 436 a year
- Auto-debit from the bank account — no separate payment or renewal hassle
- Easy enrolment at participating banks with minimal documents
- Renewable every year while you remain eligible
Eligibility
- Entry age 18 to 50 years (cover continues up to 55 with renewal)
- Active savings bank account (single or joint); one policy per person
- Consent for auto-debit of the premium
- Enrolment through a participating bank or authorised channel
- Good health at enrolment (self-certification may be needed when joining after the initial period)
Required documents
- Savings bank account
- PMJJBY enrolment form with name, age and nominee details
- Auto-debit consent
- Self-certification of good health if joining late
How to apply
- Visit a participating bank branch or log in to net banking/mobile banking
- Fill in the PMJJBY form (paper or digital) with your name, age and nominee details
- Give consent for auto-debit of the annual premium from your savings account
- Provide any required documents/self-certification
- Once the premium is debited, the policy is activated and cover begins
Last updated: 1 Nov 2026
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