Pradhan Mantri Jeevan Jyoti Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana 2024: Online Application, Eligibility, Documents, Benefits and Complete Details

Pradhan Mantri Jeevan Jyoti Bima Yojana: For the sake of the common people, the Central Modi government launched the Pradhan Mantri Jeevan Jyoti Bima Yojana. A Rs 2 lakh live cover is given under this policy for only Rs 436 yearly premium in the event of a death due to any cause. Under the Pradhan Mantri Jeevan Jyoti Bima Yojana, the Central Government offers insurance of Rs 2 lakh by paying just Rs 40. This is because anyone can pass away unexpectedly at any time, regardless of how safe his family is. As you may recall, on May 9, 2015, the Central Government introduced PMJJBY.

If you wish to participate in the PM Jeevan Jyoti Bima Yojana policy and are an Indian citizen as well. Thus, you must read this essay through to the finish in detail. Tell us about the Pradhan Mantri Jeevan Jyoti Bima Yojana and how you can take advantage of its benefits, please.

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Pradhan Mantri Jeevan Jyoti Bima Yojana 2024

A life insurance programme called Pradhan Mantri Jeevan Jyoti Bima was introduced by the Indian Central Government to aid in the development of the nation’s impoverished. The recipient of this scheme must pay an annual premium of Rs 436. You will need to spend approximately Rs 40 if we discuss monthly expenses. You receive accidental coverage for Rs. 2 lakh in exchange. Life Insurance Corporation and the Central Government have a contract in place for this. The premium payment is automatically deducted by the account holders from their savings bank account on May 31st of each year. This life insurance only lasts for a year, and you have to renew it annually.

Pradhan Mantri Jeevan Jyoti Bima Yojana

The Pradhan Mantri Jeevan Jyoti Bima Yojana runs from June 1 to June 31, inclusive. The nominee is only entitled to receive Rs 2 lakh in the event of an accident-related sudden death. Anyone can download the application form from the internet and take advantage of the benefits of this scheme. Following that, you can apply for it and fill it out to deposit in your bank.

Information about Pradhan Mantri Jeevan Jyoti Bima Yojana 2024

Name of Scheme  citizens of India
was started by central government
Launch of the scheme9 May 2015  
Beneficiary  citizens of india
Objective  Providing financial security to the family in case of sudden death in an accident
Accidental Insurance Sum 2 lakh rupees
Application ProcessOnline  
official website

Details of premium payable

An annual premium of Rs 436 is required if you wish to purchase Pradhan Mantri Jeevan Jyoti Bima Yojana during June, July, and August. A premium of Rs 342 will also be charged if you join in September, October, or November. In contrast, if you sign up for the programme in December, January, or February, a premium of Rs 228 would be required. Lastly, there will only be a Rs 114 premium if you enlist in March, April, or May.

Benefits of Pradhan Mantri Jeevan Jyoti Insurance Yojana

  • Under the Pradhan Mantri Jeevan Jyoti Bima Yojana, the policy beneficiary receives a death payment of Rs 2 lakh in the event that the insured person passes away.
  • There are no surrender or maturity rewards available with this insurance plan; it is a pure-term insurance plan.
  • Per the Income Tax Code, which is subject to change, the premium paid for Pradhan Mantri Jeevan Jyoti Bima Yojana is eligible for tax exemption.
  • This plan provides risk coverage for a year, with the option to renew it annually through an accessible renewal policy.
  • By using the auto debit option connected to the savings bank account, you may also choose to extend the duration of this policy beyond a year.

Where can you get an insurance policy?

Under the Pradhan Mantri Jeevan Jyoti Bima Yojana, insurance can be acquired through public and private insurance companies that have relationships with cooperative banks, scheduled commercial banks, and regional rural banks. You can visit these banks to purchase this insurance policy. As long as the annual premium is paid, the coverage is valid from June 1 to June 31. Furthermore, an automated payment is made from the policyholder’s savings bank account to cover the premium when the policy is renewed. The insured can file a cancellation to halt the deduction of premiums if he wants to cease using the coverage.

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Eligibility for Pradhan Mantri Jeevan Jyoti Bima Yojana

  • The applicant must be an Indian citizen to be eligible for the PMJJBY benefits.
  • Candidates for this programme must be between the ages of 18 and 50.
  • This insurance coverage will provide advantages to all kinds of citizens.
  • The applicant must link his or her Aadhaar card to the partnering bank account to receive the benefits of the policy.

Documents required for PMJJBY

To take part in the PM Jeevan Jyoti Bima Yojana Policy, you must have a savings account at any bank. You won’t need to submit any more paperwork if you already have a savings account. In order to submit the application, it needs to be signed. In addition, you might need the following records.

  • Aadhar card
  • PAN card
  • bank passbook
  • mobile number
  • passport size photo
Pradhan Mantri Jeevan Jyoti Bima Yojana

How to download Pradhan Mantri Jeevan Jyoti Bima Yojana Application Form or Claim Form?

  • You must first visit public protection’s professional internet site to download the pm by declared shape.
  • The website’s primary web page will then appear in front of you.
  • The forms alternative should be clicked on the house page.
  • Three options will show in front of you as quickly as you click on them. schemes for Jeevan Jyoti insurance, protection insurance, and atal pension.
  • Pmjjby is the option which you should choose.
  • You might then be presented with an entirely new page. The software shape and the declaration form are the two possibilities that are visible to you.
  • You will see the opportunity to download the pm by utility shape in various languages when you click on the primary option, application shape. depending on your needs, you may select the language.
  • A claim form is provided in the 2nd desire, and clicking on it’s going to will let you download it in any language.
  • You want to pick the download option after selecting a language.
  • You can use this method to download the Jeevan Jyoti insurance software or declare form.


As a result, friends, we have attempted to provide you with all the information possible regarding the Pradhan MJJBY 2024. Please feel free to ask any questions you may have about PMJJBY 2024 in the comments section below, and we will respond as soon as we can!

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Faq’s for Pradhan Mantri Jeevan Jyoti Bima Yojana

Q: What are the rules for Pradhan MJJBY?

Ans: The programme is available to everyone with a bank account who is between the ages of 18 and 50. Individuals who enrol in the programme before turning 50 years old are still eligible for life insurance up until the age of 55, provided they pay the fee. To Verify Your Eligibility, Click Here.

Q: How long does it take to process a claim in PMJJBY?

Ans: Within seven days of receiving it from the bank or post office, the insurance company that issued the master policy for the bank or post office will process the claim.

Q: What is the benefit of PMJJBY 436?

Ans: All customers in the 18–50 age range are eligible for a ₹ 2.00 Lakh one-year term life insurance policy from PMJJBY. It includes death from any cause. A yearly premium of ₹ 436/-must be paid by each subscriber. This amount will be automatically taken out of their post office or bank account.


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