Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) – ₹2 Lakh Life Cover at ₹436
₹436 for ₹2 Lakh Life Cover – PMJJBY is a Lifeline for Families
Every family worries about financial security if something unfortunate happens to the main earning member. In such situations, even a small insurance cover can be a big support. To help every Indian family, the government launched the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
For just ₹436 per year, this scheme provides ₹2 lakh life insurance cover. It’s specially designed for poor and middle-class citizens who cannot afford expensive insurance.
In the 2024–25 budget, the government confirmed its commitment to continue and expand this scheme to reach more people.
Let’s understand the scheme in simple terms.
What is PMJJBY?
PMJJBY is a government life insurance scheme, launched in May 2015 to provide affordable life cover.
Key Highlights:
- Annual Premium: ₹436 (auto-debited from bank account)
- Age Limit: 18 to 50 years
- Coverage: ₹2 lakh life insurance
- Period: From 1st June to 31st May (renewable yearly)
Who Can Apply?
Anyone meeting the following conditions can apply:
- Age must be between 18 and 50 years
- Must have a savings bank account
- Bank account should be linked with Aadhaar
- Must agree to auto-debit of premium
The scheme is open to both urban and rural citizens. It aims to give financial protection to every family.
What Are the Benefits?
Under PMJJBY, the main benefits include:
- In case of death due to any reason, the nominee gets ₹2 lakh
- The scheme covers natural and accidental deaths
- Full 1-year life cover for just ₹436
Extra Benefits:
- No health check-up required
- Simple and paperless process
- Linked with Jan Dhan Yojana for wider reach
- Ideal for low-income families
What is the Process & Last Date?
How to Apply:
- Visit your bank branch
- Fill the PMJJBY application form
- Link your Aadhaar to your bank account
- Authorize auto-debit of ₹436 annually
Last Date:
- You can join anytime during the year
- But for yearly coverage, apply before 31st May
- Renew every year for continuous coverage
Real Impact – Official Data
“As of March 2024, over 16.1 crore people enrolled under PMJJBY and more than 1.3 lakh claims have been settled.”
– Source: Ministry of Finance, PIB
This data shows that the scheme has become a major support for lakhs of Indian families.
How to Apply + Helpful Link
You can apply in the following ways:
- Visit your nearest bank branch
- Use internet banking or mobile banking
- Some banks allow registration via SMS
🔗 Official Website: https://jansuraksha.gov.in
Key Details at a Glance:
- Scheme Name: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
- Launch Date: May 2015
- Age Limit: 18–50 years
- Insurance Amount: ₹2 lakh
- Premium: ₹436 per year
- Application Mode: Bank branch / online / SMS
- Renewal Date: Before 31st May every year
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Read Also:
- Pradhan Mantri Suraksha Bima Yojana – ₹20 for Accidental Insurance
- Ayushman Bharat Yojana – Free ₹5 Lakh Health Cover
Final Words – Secure Your Family with Just ₹436
Just one accident can change a family’s future. PMJJBY offers a way to protect your loved ones with minimal cost. It’s simple, affordable, and made for everyone.
If you haven’t yet enrolled in PMJJBY, don’t wait. Take the step today and give your family financial peace of mind.
👉 Apply now: https://jansuraksha.gov.in
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