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Apply for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Karan Ghongade May 13, 2025 0

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) – Complete Information & How to Apply Online and Offline

Introduction

The Government of India, under the leadership of Prime Minister Narendra Modi, launched the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) on 9th May 2015. This scheme is a life insurance scheme aimed at providing affordable and accessible life cover to citizens across the country, especially those from the unorganized sector and low-income groups.

This policy provides a life cover of ₹2 lakh in case of the death of the insured, at a nominal premium of ₹436 per annum. The coverage is for one year and is renewable every year.

Objectives of PMJJBY

  1. Financial Protection: To provide financial support to the family of the deceased policyholder.

  2. Insurance Inclusion: To bring the uninsured population under the safety net of life insurance.

  3. Affordable Premium: To offer life insurance at a very nominal premium.

  4. Nationwide Reach: To ensure maximum penetration across rural and urban India.

Key Features of PMJJBY

Feature Details
Scheme Name Pradhan Mantri Jeevan Jyoti Bima Yojana
Launch Date 9th May 2015
Premium Amount ₹436 per annum (as of 1st June 2022)
Coverage Amount ₹2,00,000
Eligibility Citizens aged 18 to 50 years
Policy Period 1 year (renewable every year)
Insurance Provider LIC and other private life insurance companies
Mode of Payment Auto-debit from savings bank account
Death Benefit ₹2,00,000 paid to nominee
Maturity Benefit No maturity/survival benefit
Tax Benefits Premium is eligible for deduction under 80C

Eligibility Criteria

To enroll in PMJJBY, an individual must meet the following eligibility criteria:

  1. Age: Must be between 18 years and 50 years.

  2. Bank Account: Must have a savings bank account.

  3. Consent for Auto-Debit: Must provide consent for auto-debit of the premium.

  4. Health Declaration: Must be in good health at the time of enrollment.

  5. Renewal: Can be renewed every year up to the age of 55 years.

Benefits of PMJJBY

  1. Financial Support: In the event of death of the insured, the family gets ₹2 lakh as a lump sum.

  2. Affordable: The premium is just ₹436 per year.

  3. Easy Enrollment: Can be enrolled through the bank or online.

  4. Tax Benefits: Premiums paid are eligible for tax deduction under Section 80C.

  5. Nationwide Availability: Available across India via banks and insurance companies.

Documents Required

  1. Aadhaar Card

  2. Bank Passbook/Account Details

  3. Age Proof (if not mentioned in Aadhaar)

  4. Health Declaration Form (self-certification)

  5. Nominee Details

  6. Passport size photo (if required)

Premium Payment

  • The premium of ₹436 is auto-debited annually from the savings bank account in the month of May/June.

  • If sufficient balance is not available, the policy may lapse.

  • The premium is revised from time to time by the government.

How to Apply for PMJJBY

A. Apply Online

Step-by-Step Process to Apply Online:

  1. Login to Internet Banking:

    • Visit your bank's official website.

    • Login using your username and password.

  2. Locate PMJJBY Section:

    • Find the Insurance or Social Security Schemes section.

    • Click on Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).

  3. Fill the Application Form:

    • Personal details: Name, DOB, contact number.

    • Bank account details (auto-filled if logged in).

    • Nominee name and relationship.

    • Health declaration and consent for auto-debit.

  4. Submit the Form:

    • Confirm details and click Submit.

    • You may receive an OTP for authentication.

  5. Acknowledgment:

    • You will get a confirmation message/email from the bank.

    • Your insurance is now active.

Popular Banks Offering Online Enrollment:

  • State Bank of India (SBI)

  • Punjab National Bank (PNB)

  • HDFC Bank

  • ICICI Bank

  • Axis Bank

  • Bank of Baroda

  • Canara Bank

  • Union Bank

Note: Ensure that your savings account has sufficient balance before the premium deduction date (usually May 31st every year).

B. Apply Offline

Step-by-Step Process to Apply Offline:

  1. Visit Your Bank Branch:

    • Go to the branch where you hold a savings account.

  2. Request the PMJJBY Form:

    • Ask for the PMJJBY enrollment form from the bank staff.

  3. Fill Out the Form:

    • Enter personal details, nominee information, and give consent for auto-debit.

    • Sign the health declaration.

  4. Attach Documents:

    • Attach a copy of your Aadhaar card and bank passbook if required.

  5. Submit the Form:

    • Hand over the completed form to the bank officer.

  6. Confirmation:

    • You will receive a confirmation message or SMS once your enrollment is processed.

Tip: Keep a photocopy of the submitted form for future reference.

How to Claim Insurance Under PMJJBY

In the event of the insured person's death, the nominee must follow these steps:

Claim Process:

  1. Visit the Bank Branch where the insured had the policy.

  2. Submit the Death Certificate of the insured.

  3. Submit the Claim Form (available at bank or insurance office).

  4. Attach Documents:

    • Death Certificate

    • Claim Form

    • Bank account details of nominee

    • Aadhaar card and identity proof of nominee

    • PMJJBY Certificate (if available)

  5. Verification:

    • Bank verifies and forwards the claim to the insurance company.

  6. Disbursement:

    • After verification, the amount of ₹2,00,000 is transferred to the nominee’s bank account within 30 days.

Renewal Process

  • The policy is automatically renewed every year if the savings account has sufficient balance.

  • If auto-debit fails, the policy lapses and needs to be reactivated.

  • Premium must be paid annually by May 31st.

How to Cancel the Policy

You can cancel your PMJJBY policy anytime by submitting a cancellation form at your bank branch or online (if supported).

Important Points to Remember

  • The policy is term insurance, meaning no refund or maturity benefit.

  • Policy is not valid if premium is not paid.

  • Only one policy per person is allowed.

  • You can switch between insurers but only one active cover is permitted.

  • Claim is payable only in case of death – natural or accidental.

FAQs on PMJJBY

Q1. Can I get PMJJBY without a bank account?
No, you must have a savings bank account to enroll.

Q2. What is the last date to apply?
There’s no last date; you can apply any time. However, the policy year is June 1st to May 31st.

Q3. Is PMJJBY applicable to NRI?
Yes, if the NRI has a bank account in India and gives consent.

Q4. Can I change my nominee?
Yes, you can visit the bank and submit a nominee change request.

Q5. Can I get two policies from different banks?
No, only one policy is allowed per person.

Conclusion

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a landmark step towards financial inclusion and social security. For just ₹436 per year, it provides a life cover of ₹2 lakh to the policyholder’s family in case of unfortunate demise. It is one of the most affordable life insurance schemes available in India, aimed especially at the underprivileged.

Whether you are a laborer, small shop owner, farmer, or salaried employee, PMJJBY offers a simple and dignified way to ensure your family’s financial stability in your absence.

Make sure to enroll in this scheme today – either online through internet banking or offline by visiting your bank branch – and secure your family’s future.

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