Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
₹2 lakh paid to your family on death from any cause, for ₹436 a year.
India · Insurance · Checked October 2026
At a glance
- Cover
- ₹2 lakh on death due to any reason
- Premium
- ₹436 per year, auto-debited from your account
- Cover year
- 1 June to 31 May, renewed every year
- Joining late: Sep–Nov
- ₹342 pro-rata premium
- Joining late: Dec–Feb
- ₹228 pro-rata premium
- Joining late: Mar–May
- ₹114 pro-rata premium
- Waiting period
- 30-day lien period from the date of enrolment
- Enrolments
- More than 27.43 crore (as of 29 April 2026)
Who can apply
- Individual bank or post office account holders aged 18 to 50 who consent to auto-debit.
- You can join through one account only, even if you hold several.
How to apply
- Ask your bank or post office, or enrol on the Jan Suraksha portal, and give consent for auto-debit.
- Keep enough balance in the account around 31 May each year, or the cover lapses.
Documents you usually need
- Aadhaar
- Bank or post office account
Things to know
- The first 30 days after enrolment are a waiting (lien) period. Check the rules for how accidental death is treated in that window.
Frequently asked questions
What is PMJJBY?
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): ₹2 lakh life cover for ₹436 a year, renewed every year from your bank account.
Who is eligible for PMJJBY?
Individual bank or post office account holders aged 18 to 50 who consent to auto-debit. You can join through one account only, even if you hold several.
What do you get under PMJJBY?
₹2 lakh paid to your family on death from any cause, for ₹436 a year.
How do I apply for PMJJBY?
Ask your bank or post office, or enrol on the Jan Suraksha portal, and give consent for auto-debit. Keep enough balance in the account around 31 May each year, or the cover lapses.
Read next
Sources
Details checked on October 2026 against:
General information from official sources, not legal or financial advice. SaveItIndia is not a government website. Schemes change, so confirm amounts, dates and eligibility on the official portal or with your bank before you apply.