PMJJBY: Life Insurance Scheme Details and Eligibility

The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance plan.

It provides a Rs 2 lakh payout if someone dies from any cause.

Anyone aged 18-50 with a bank account can join by paying an annual fee of Rs 436.

The money comes out automatically from your account.

There's a waiting period of 30 days after you sign up where the insurance doesn't cover deaths, except accidents.