Government scheme · Ages 18–50 with a bank account
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
PMJJBY is a low-cost term life insurance scheme. It pays ₹2 lakh to your nominee if you die from any cause while covered.
Visit official websiteWho can apply
- Ages 18 to 50, with a savings bank or post office account
- Consent for auto-debit of the yearly premium
Key features
- Life cover of ₹2 lakh for death due to any cause
- Premium of ₹436 a year, auto-debited
- Cover runs from 1 June to 31 May and is renewed every year
- If you join before 50, cover can continue until age 55
How to apply
- Enrol through your bank’s net banking or mobile app, your bank branch or post office
- Forms are also available on the Jan Suraksha portal
Want wider cover for your family?
Add a health insurance policy from Care Health Insurance through the Bachatt app, and manage your policy and claims in one place.
Frequently asked questions
Is there a waiting period in PMJJBY?+
For new enrolments, claims for death in the first 30 days are paid only if the death is due to an accident.
More government insurance schemes
PM-JAYEligible low-income familiesAyushman Vay VandanaSenior citizens 70+PMSBYAges 18–70 with a bank account
See all government insurance schemes This page is for information only. Bachatt is not affiliated with this scheme; the scheme name belongs to the Government of India and its agencies. Limits, rates and eligibility change from time to time — always check the official website before you apply.