Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) gives ₹2 lakh of life insurance for any cause of death at a premium of ₹436 per year — a fraction of comparable term-plan pricing, with no medical test. It is the simplest way for low- and middle-income families to get a basic life cover.
PMJJBY — key facts
| Premium | ₹436 per year (auto-debit) |
| Cover | ₹2 lakh on death from any cause |
| Entry age | 18 – 50 years (cover continues till 55) |
| Medical test | None — just a self-declaration of good health |
| Cover period | 1 June – 31 May, renewable yearly |
| Where to enrol | Any bank / post office savings account |
Who should take it
- Earning members with dependents and no other life insurance
- Informal-sector workers who cannot afford regular term plans
- As a supplement — PMJJBY can sit on top of any other policy you hold
How to enrol
- Visit your bank branch or open your bank’s net banking/app → insurance → PMJJBY
- Fill the enrolment/consent form with nominee details
- Premium auto-debits each year around 1 June
- New enrolments joining mid-year pay a pro-rated premium; a 30-day lien (waiting) period applies for non-accident death claims after first enrolment
Enrol through your own bank in minutes.
How claims work
- Nominee contacts the bank branch with the death certificate
- Submits the claim form and simple KYC documents
- Bank forwards to the insurer (e.g., LIC) — ₹2 lakh is paid to the nominee’s account
Frequently asked questions
Does PMJJBY cover accidental death too?
Yes — death from any cause is covered. Many people hold both PMJJBY and PMSBY, taking total cover to ₹4 lakh for accidents at ₹456/year combined.
What is the 30-day lien clause?
For the first 30 days after fresh enrolment, only accidental death is covered. Illness-related death is covered after this waiting period — renewals have no waiting.
Can I claim from multiple PMJJBY enrolments?
No — one cover per life. Duplicate enrolments through other accounts are void.
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Disclaimer: PMYojnaUpdates.com is an independent information portal, not affiliated with any government department. Always verify details on the official site jansuraksha.gov.in before applying.