Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 2025 - Life Insurance ₹436 mein
What You Will Learn
- • Complete PMJJBY benefits, eligibility, and premium structure
- • Step-by-step application process via bank, online, or SMS
- • Claim settlement process and required documents
- • PMJJBY vs term insurance comparison for Indian families
PMJJBY Benefits and Coverage
Life Cover Details:
- •Rs 2 Lakh life insurance coverage
- •Death due to any reason covered — natural, accidental, medical
- •Worldwide coverage
Premium Structure 2026:
- •Annual Premium: Rs 436 (approximately Rs 1.20 per day)
- •Auto-debit: 1st June every year
- •GST included in premium
- •No medical checkup required
Eligibility 2026
- •Age Group: 18 to 50 years
- •Coverage Till: 55 years
- •Bank Account: Savings account required
- •Aadhaar: Linked with bank account
- •Auto-debit: Mandatory consent
How to Apply
Bank Method:
- Visit bank branch
- Collect PMJJBY enrollment form
- Fill nominee details
- Sign auto-debit consent form
- Premium auto-deducted annually
Online Method:
- Open bank website or app
- Go to insurance section
- Select PMJJBY
- Fill form online
- Submit e-consent
SMS Method:
- •SMS: PMJJBY to 7738062874
- •Follow the instructions
Official Portal: jansuraksha.gov.in
Claim Settlement Process
Documents for Death Claim: Death Certificate (Municipal/Panchayat), Claim Form (from bank), Nominee Identity Proof, Bank Account Details, and Discharge Receipt. The nominee should contact the bank branch, submit the claim form and documents. Bank verification takes 15 days, insurance company processing takes 30 days, and amount is transferred to nominee account.
PMJJBY Statistics 2026
- •15+ crore enrollments across India
- •6+ lakh claims settled
- •99% claim settlement ratio
PMJJBY vs Term Insurance
| Feature | PMJJBY | Regular Term |
|---|---|---|
| Premium | Rs 436/year ✓ | Rs 5,000+/year |
| Sum Assured | Rs 2 Lakh | Rs 50 Lakh+ |
| Medical Test | No ✓ | Yes |
| Age Limit | 18-50 | 18-65 |
| Claim Process | Simple ✓ | Complex |
✓ Final Verdict
PMJJBY is the cheapest life insurance available in India at just Rs 436 per year. While Rs 2 lakh cover is small, it provides immediate financial protection for families. Every Indian citizen aged 18-50 with a bank account should enroll. For higher coverage, combine PMJJBY with a regular term insurance plan.
Last Updated: May 31, 2026 | Source: jansuraksha.gov.in, LIC, Ministry of Finance
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SK Jabedul Haque
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