PM Jeevan Jyoti Bima Yojana 2025: If you’re looking for affordable life insurance that provides substantial coverage with minimal cost, look no further than the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). In 2025, this government-backed scheme continues to offer an impressive ₹2 lakh life insurance cover for just ₹436 per year. Yes, you read that right — a one-time annual payment of Rs. 436 ensures your family is financially protected in your absence in case of the policyholder’s untimely demise.
Launched by Prime Minister Narendra Modi in 2015 as part of the Jan Suraksha initiative, PMJJBY is aimed at providing financial security to India’s underserved populations, including daily wage earners, low-income households, and rural families who otherwise might not be able to afford life insurance. However, its simplicity and affordability have made it appealing even to salaried professionals, small business owners, and students.
PM Jeevan Jyoti Bima Yojana 2025
| Feature | Details |
|---|---|
| Insurance Cover | ₹2 Lakh |
| Annual Premium | ₹436 (auto-debited annually) |
| Eligibility | Indian citizens aged 18-50 with a savings account |
| Policy Term | 1 year (renewable up to age 55) |
| Medical Examination | Not required |
| Enrolment Period | Any time during the year (with pro-rata premium) |
| Claim Amount | ₹2 Lakh payable to nominee upon death of insured |
| Official Website | jansuraksha.gov.in |
The PM Jeevan Jyoti Bima Yojana 2025 is a standout example of inclusive policy design that caters to a wide range of Indians. With ₹2 lakh coverage at just ₹436 per year, it’s both affordable and effective. Whether you’re just starting out in your career or looking to add an extra layer of security, this scheme is an opportunity worth seizing.
Don’t wait. Take the first step today by visiting jansuraksha.gov.in or contacting your local bank. Your future self and your family will thank you.
What Is PM Jeevan Jyoti Bima Yojana (PMJJBY)?
The Pradhan Mantri Jeevan Jyoti Bima Yojana is a term life insurance scheme launched by the central government of India. It is administered by the Life Insurance Corporation of India (LIC) along with several participating private insurance companies. The program provides a fixed life insurance cover of ₹2 lakh for an annual premium of just ₹436, which is automatically debited from the subscriber’s bank or post office savings account.
The scheme is particularly effective in helping families handle the financial burden that can follow the death of the breadwinner. With no barriers such as medical exams or income documentation, PMJJBY opens access to life insurance in a truly inclusive manner.
The policy term is one year, running from June 1 to May 31, and is renewable each year.
Who Is Eligible for PM Jeevan Jyoti Bima Yojana 2025?
To enroll in PMJJBY, an individual must:
- Be an Indian resident between 18 and 50 years old
- Have an active savings account in a participating bank or post office
- Agree to the auto-debit of premium from their account annually
Additionally, coverage continues until the policyholder reaches the age of 55, provided they were enrolled before age 50 and premiums are paid regularly.
Importantly, no medical check-up is required, and there is no restriction based on profession, income, or location. This accessibility makes it a great entry-level insurance product for:
- Daily wage earners
- Farmers
- Small traders
- Students
- Retired individuals without coverage
Why PMJJBY Is a Smart Financial Move
Here are the top reasons why enrolling in PMJJBY in 2025 is a wise, cost-efficient decision:
1. Incredibly Low Premium
Paying only ₹436 annually breaks down to around Rs. 1.20 per day, making it one of the most affordable life insurance schemes in the world.
2. Seamless Enrolment & Renewals
There’s no medical documentation required, and the enrolment process is simple and quick. Most major Indian banks allow digital sign-ups via net banking and mobile apps.
3. Automatic Continuity
Thanks to auto-debit functionality, once you enroll, your policy is automatically renewed annually, provided you have sufficient balance in your account.
4. Universal Accessibility
Whether you live in a metropolitan city or a remote village, PMJJBY is available through an extensive network of banks, regional rural banks, and post offices.
5. Financial Safety Net
The ₹2 lakh death benefit can support families with:
- Funeral costs
- Temporary loss of income
- Children’s education
- Emergency healthcare expenses
How to Apply for PMJJBY in 2025
Offline Enrollment Process:
- Visit the branch of your bank or post office where you hold a savings account.
- Request and fill out the PMJJBY Consent-cum-Declaration Form or download it here.
- Submit the form to the bank and provide consent for annual premium auto-debit.
Online Enrollment via Net Banking:
- Log in to your internet or mobile banking account.
- Navigate to the Insurance or Government Schemes tab.
- Select Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
- Review the terms and conditions and click to authorize auto-debit of ₹436.
- Receive an instant confirmation message or email.
Most major banks like SBI, HDFC, ICICI, and Bank of Baroda offer seamless digital enrollment services.
Premium Payment Schedule (Pro-Rata Basis)
If you enroll mid-year, your premium is adjusted accordingly:
| Enrollment Period | Premium Payable |
|---|---|
| June – August | ₹436 |
| September – November | ₹342 |
| December – February | ₹228 |
| March – May | ₹114 |
This tiered payment structure ensures that subscribers pay only for the months they are covered.
How to Claim Insurance Under PM Jeevan Jyoti Bima Yojana 2025
In the unfortunate event of the insured person’s death:
- The nominee should promptly notify the policyholder’s bank.
- Collect and complete the Claim Form and Discharge Receipt, available here.
- Submit the following documents:
- Death certificate
- Photocopy of bank passbook or cancelled cheque
- Filled claim form
- Discharge receipt
Once the documents are verified, the insurance company will credit ₹2 lakh to the nominee’s bank account within a few weeks. This efficient, streamlined process ensures families receive the support they need during difficult times.
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FAQs About PM Jeevan Jyoti Bima Yojana 2025
Can I enroll using multiple bank accounts?
No. You can only enroll using one savings account, even if you have multiple accounts.
Will I be covered if I die while living or working abroad?
Yes. Coverage is valid worldwide, as long as the nominee can produce a valid death certificate and claim documents.
What happens if I fail to renew the policy on time?
If your account lacks sufficient funds for auto-debit or if you forget to renew, you can still rejoin the scheme at a later date. However, there may be a 30-day lien period for new enrollees, during which non-accidental death is not covered.
Are there tax benefits under this scheme?
Absolutely. Premiums paid are eligible for deduction under Section 80C of the Income Tax Act.