Here is the whole scheme in one place: what you get, who qualifies, how to apply, and what to check.
| Scheme | Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) |
|---|---|
| Department | Department of Financial Services, Ministry of Finance, Govt of India |
| Benefit | Rs 2 lakh life insurance cover to the nominee on death due to any cause |
| Who can apply | Bank account holders aged 18 to 50 years |
| How it is paid | Annual premium of Rs 436, auto-debited from the bank account |
| Apply at | Your bank branch or net banking, and jansuraksha.gov.in |
| Cost to apply | Rs 436 a year premium, GST exempt |
Key points
- Rs 2 lakh cover for nominee if the member dies for any cause.
- Yearly premium of Rs 436, debited automatically from your bank account.
- Open to bank account holders aged 18 to 50, no health check needed.
- Aadhaar must be linked to the bank account, and the claim must be filed quickly.
So what does the family actually get?
If the insured person dies for any cause, the nominee gets Rs 2 lakh.
The cover runs for 12 months, from 1 June to 31 May.
The premium is Rs 436 a year. It is deducted automatically from your bank account on or before 31 May.
The Rs 2 lakh is paid to the nominee, and there is no health report needed to join.
Who can join, and who cannot?
You must have a bank account and be aged between 18 and 50 years to join.
If you choose auto debit, the cover can renew automatically up to age 55.
A person above 50 cannot newly register for this scheme.
The bank account must be linked with your Aadhaar card to get the benefit.
Why was this scheme started?
The scheme was announced in the 2015 Budget and launched on 9 May 2015 in Kolkata.
It is run by the Department of Financial Services under the Ministry of Finance.
The aim is to widen life insurance cover, since only about one-fifth of Indians had any insurance in 2015.
What documents should you keep ready?
Keep your bank account number and your Aadhaar card ready.
Keep your nominee's name and details clear, and make sure the nominee is recorded in the bank.
Keep a mobile number linked with your bank account for alerts and OTPs.
How do you apply online, step by step?
Log in to your bank's net banking or mobile app and look for the PMJJBY option.
Choose to enrol, add your nominee, and confirm the auto debit for the Rs 436 premium.
You can also visit your bank branch and fill in the enrolment form there.
Check the jansuraksha.gov.in portal for the latest process, as banks may differ slightly.
- 1Log in to net banking or appOpen your bank's net banking or mobile app and look for the PMJJBY option.
- 2Enrol and add your nomineeChoose to enrol, add your nominee, and confirm auto debit for the Rs 436 premium.
- 3Or visit your bank branchYou can also fill in the enrolment form at your bank branch.
- 4Check the official portalCheck jansuraksha.gov.in for the latest process, as banks may differ slightly.
Graphic: News Anek, from the facts in this report
How do you claim, and what can go wrong?
The claim should be filed with the bank soon after death, preferably within 30 days.
Family members will need the death certificate, the bank premium statement and other proof.
Many claims were delayed or rejected earlier because families did not know the policy existed, or no nominee was recorded. So check your nomination today.
Where can you get help or raise a complaint?
The Jansuraksha portal, jansuraksha.gov.in, has a grievance redressal facility.
Your bank branch can also help with enrolment, nomination and claims.
Never pay any agent or stranger to join. Enrol only through your bank or the official portal.
Frequently asked questions
What is the premium for PMJJBY?
The annual premium is Rs 436. It is deducted automatically from your bank account on or before 31 May every year.
Can I join PMJJBY if I am above 50?
No, a person above 50 cannot newly register. Those who joined earlier can get auto renewal up to 55 years.
Do I need a health check to join?
No health report or certificate is needed while joining the scheme.
Is there a last date to claim?
The claim should preferably be filed within 30 days of death. Filing late can lead to rejection, so act quickly.
Can my family get the money if I have no nominee?
It becomes a longer legal process. So always record a nominee in your bank account to make the claim simple.
Official links
This guide is based on official scheme rules. Rules and amounts can change, so always confirm on the official website before you apply. News Anek is not a government website.
