The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-sponsored life insurance scheme launched by the Government of India in 2015, aimed at providing affordable financial protection to individuals and their families. Under this scheme, anyone aged between 18 and 50 years who holds a bank account can enroll by paying a nominal annual premium; this premium amount is automatically debited from their bank account. The scheme provides a life insurance cover of Rs. 2 lakh in the event of death due to any cause whether natural or accidental. This policy has a tenure of one year and is renewable annually.
Pradhan Mantri Jeevan Jyoti Bima Yojana 2026 Overview - Check Application Status
- Scheme Name: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
- Launched By: Government of India (2015)
- Type of Scheme: Life Insurance Scheme
- Eligibility: Age 18 to 50 years with a bank account
- Premium: Rs.436 per year (auto-debit)
- Coverage: Rs.2 lakh (on death due to any reason)
- Policy Period: 1 year (renewable every year)
- Enrollment: Through bank branch / online banking
- Benefit: Financial support to the nominee after death
PMJJBY Yojana 2026 Objectives
Provide low-cost life insurance to all citizens
Support financially weaker sections
Ensure social security and protection for families
Promote financial inclusion in India
PM Jeevan Jyoti Bima Yojana 2026 Premium & Coverage
Premium: Rs.436 per year (auto-debited from bank account)
Coverage Amount: Rs.2 lakh (in case of death due to any cause)
Policy Period: 1 year (renewable every year)
PMJJBY 2026 Eligibility
Age between 18 to 50 years
Must have a savings bank account
Must give consent for auto-debit of premium
Must join the scheme before turning 50
Pradhan Mantri Jeevan Jyoti Bima Yojana 2026 Key Benefits
- Life insurance coverage of Rs.2 lakh
- Covers death due to any reason (natural or accidental)
- Very low premium (affordable for everyone)
- Easy enrollment through banks
- Renewable every year
PM Jeevan Jyoti Bima Yojana 2026 How to Apply
Eligible individual must visit their respective bank branch in person or utilize net banking or mobile banking services where this scheme is available. The applicant is required to fill out the PMJJBY application form and provide consent for the annual premium amount to be automatically debited from their savings account. Upon submission of the application form and the necessary details, the bank authorities complete the enrollment process.
Pradhan Mantri Jeevan Jyoti Bima Yojana 2026 - Frequently Asked Questions (FAQ)
Q1. What happens if premium is not paid?
Answer: The policy will lapse if the premium is not auto-debited.
Q2. Who can apply for this scheme?
Answer: Any individual aged 18 to 50 years with a savings bank account can apply.
Q3. What is the premium amount?
Answer: The premium is Rs.436 per year, auto-debited from the bank account.
Q4. Is the scheme renewable?
Answer: Yes, it is a one-year policy and can be renewed every year.
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