Pradhan Mantri Jeevan Jyoti Bima Yojana

PMJJBY is an insurance scheme by Ministry of Finance, offering life insurance cover for death due to any reason. It is a one-year cover, renewable from year to year. The scheme is offered / administered through LIC and other Life Insurance companies willing to offer the product on similar terms with necessary approvals and tie ups with Banks / Post office for this purpose. All individual account holders of participating banks/ Post office in the age group of 18 to 50 years are entitled to join. Aadhaar is the primary KYC for the bank / Post office account.

Benefits

PMJJBY offers a renewable one year term life cover of ₹ 2.00 Lakh to all the subscribing bank account holders in the age group of 18-50 years, covering death due to any reason, for a premium of ₹ 330/- per annum per subscriber, to be auto debited from the subscriber’s bank account.

Eligibility

1. The age of the applicant must be between 18 and 50 Years.
2. The applicant must hold a Bank Account / Post Office Account.

Application Process

Offline

1. Download and take print of the “CONSENT-CUM-DECLARATION FORM” given in the link below: https://www.jansuraksha.gov.in/Files/PMJJBY/English/ApplicationForm.pdf#zoom=250
2. Duly fill and sign the application form, attach the self attested copies of the required documents, and submit the case to the authorised official of Bank / Post Office. The official will return you the “ACKNOWLEDGEMENT SLIP CUM CERTIFICATE OF INSURANCE”.

Documents Required

1. Proof of Identity (KYC): Either of AADHAAR card or Electoral Photo Identity Card (EPIC) or MGNREGA card or Driving License or PAN card or Passport