Pradhan Mantri Jeevan Jyoti Bima Yojana 2025– The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 2025 is a government-backed life insurance scheme aimed at providing financial security to Indian citizens at an affordable premium. Designed to offer coverage against unforeseen death, this policy is accessible to individuals from diverse economic backgrounds. Whether you are a salaried professional, a small business owner, or a daily wage worker, PMJJBY ensures financial stability for your family in case of an unfortunate demise.
To help you understand the scheme better, we have compiled a detailed guide covering insurance amount, benefits, eligibility, and the application process.
Pradhan Mantri Jeevan Jyoti Bima Yojana 2025
| Feature | Details |
|---|---|
| Scheme Name | Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) |
| Insurance Coverage | ₹2,00,000 (₹2 lakh) |
| Annual Premium | ₹436 per annum (auto-debited) |
| Eligibility | 18-50 years (with a bank/post office account) |
| Policy Termination | Upon reaching 55 years of age or insufficient balance in the bank account |
| Enrollment Period | June 1 – May 31 (renewable yearly) |
| Coverage | Death due to any reason (natural or accidental) |
| Claim Settlement Time | Within 30 days from claim submission |
| Official Website | financialservices.gov.in |
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 2025 is an affordable and effective life insurance policy designed to provide financial protection to families in case of an unforeseen tragedy. With an easy application process, low premium, and government backing, it is a great choice for individuals seeking basic life coverage at minimal cost.
If you haven’t enrolled yet, visit your bank or post office today to secure your family’s future
What is Pradhan Mantri Jeevan Jyoti Bima Yojana 2025?
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) was launched by the Government of India in 2015 to provide low-cost life insurance coverage to individuals. The scheme ensures that in case of the insured person’s death, their nominee receives ₹2 lakh as financial support.
Unlike other life insurance policies, PMJJBY is a pure term insurance plan with no maturity benefits. This means you only get coverage while the policy is active, and there are no returns at the end of the term.
PMJJBY Insurance Amount & Premium
What is the Insurance Amount?
PMJJBY offers a fixed sum assured of ₹2 lakh to the beneficiary (nominee) in case of the insured person’s death. The payout applies irrespective of the cause of death—be it natural or accidental.
How Much Does PMJJBY Cost?
The scheme is highly affordable, with an annual premium of ₹436. The premium is automatically debited from your bank account, ensuring a hassle-free renewal process.
Here’s how the premium breakdown works:
- ₹330 was the original premium; since June 2022, it was revised to ₹436.
- Affordable compared to other life insurance plans that cost thousands annually.
- One-time yearly deduction (mostly in May).
Benefits of Pradhan Mantri Jeevan Jyoti Bima Yojana 2025?
1. Financial Security for Your Family
The biggest advantage of PMJJBY is financial protection for your loved ones in case of an untimely demise. With ₹2 lakh coverage, families can manage immediate expenses, education, or debt repayment.
2. Low-Cost Life Insurance
Unlike private term insurance plans, PMJJBY is one of the most affordable life insurance schemes with a fixed premium of just ₹436 per year.
3. Easy to Apply & Renew
You don’t need a medical test to enroll in PMJJBY, making it accessible for most individuals. It’s also auto-renewable, ensuring continuous coverage.
4. Tax Benefits
Under Section 80C of the Income Tax Act, 1961, you can claim tax deductions on the premium paid.
5. Government-Backed Assurance
Since PMJJBY is backed by the Government of India, it is a reliable and trustworthy option for life insurance.
6. Quick Claim Settlement
The claim settlement process is quick and hassle-free, ensuring nominees receive the insured amount within 30 days of claim submission.
Who is Eligible for Pradhan Mantri Jeevan Jyoti Bima Yojana 2025?
To enroll in PMJJBY, you must meet the following eligibility criteria:
- Age: 18-50 years.
- Bank/Post Office Account Holder: The premium is auto-debited from the linked account.
- One Policy Per Person: Multiple enrollments in different banks are not allowed.
- Sufficient Balance in Account: Ensure your account has at least ₹436 before May 31 each year for renewal.
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How to Apply for Pradhan Mantri Jeevan Jyoti Bima Yojana 2025?
Step 1: Choose Enrollment Method
PMJJBY can be availed online via net banking or offline by visiting your bank branch.
Step 2: Fill Out the Application Form
- Download the PMJJBY Enrollment Form from your bank’s website.
- Fill in your personal details (name, Aadhaar number, bank details).
- Provide nominee details.
Step 3: Submit the Form & Provide Consent
- Sign the declaration form, confirming that the amount will be auto-debited annually.
- If applying offline, submit a self-attested Aadhaar card copy with the form.
Step 4: Get Confirmation
- Once the amount is debited, you’ll receive a confirmation message from your bank.
- Coverage starts from the date of premium deduction.
