Archive · 25 Jul 2025
PMJJBY: ₹2 Lakh Life Insurance Scheme Details
The Prime Minister has a life insurance plan called PMJJBY.
If you're between 18 and 50, you can get ₹2 lakh in coverage if you pass away, no matter the reason.
It costs ₹436 per year, taken automatically from your bank account.
You can sign up online or with a paper form.
The coverage lasts a year, from June to May.
Even if you're not from India but have a bank account there, you can join.
If something happens, the money is paid in Indian currency.
The Prime Minister's Jeevan Jyoti Bima Yojana (PMJJBY) offers ₹2 lakh life insurance coverage.
Eligibility requires applicants to be aged 18-50 with an individual bank or post office account.
The annual premium is ₹436, automatically debited from the subscriber's account.
Coverage is valid for one year, from June 1st to May 31st, upon payment of the premium.
NRIs with eligible Indian bank accounts can also participate, with claims paid in Indian currency.
- Who
- Individuals aged 18-50 with a bank/post office account.
- What
- The Prime Minister's Jeevan Jyoti Bima Yojana (PMJJBY) provides ₹2 lakh life insurance coverage.
- When
- Coverage is valid for one year from June 1st to May 31st upon payment of the annual premium.
- Where
- Coverage applies to those with eligible bank accounts in India, including NRIs.
- Why
- To provide life insurance cover.
- Scheme Name
- Prime Minister’s Jeevan Jyoti Bima Yojana (PMJJBY)
- Coverage Amount
- ₹2 lakh
- Age Range
- 18-50 years
- Annual Premium
- ₹436
- Eligibility
- Individual bank/post office account holders
- Coverage Period
- June 1st to May 31st
- NRI Eligibility
- Yes, with eligible Indian bank account