🏦 Bank, insurance & pension · Department of Financial Services
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Very low-cost life insurance through your bank account.
What you get
₹2 lakh life cover for ₹436 a year
🔗 Direct official links
These open the government website in a new tab. Applying there is free; never pay anyone for a form.
✅ Benefits
- ₹2 lakh paid to the nominee on death from any cause.
- Premium of ₹436 a year, auto-debited from your bank account.
- Cover year runs 1 June to 31 May; renews every year.
👤 Who can apply
- Age 18 to 50 with a savings bank or post office account.
- Cover continues up to age 55 if you keep renewing.
📄 Documents needed
- Bank / post office account
- Aadhaar (for KYC)
- Nominee details
📝 How to apply
- Enrol through your bank branch, net banking / mobile app, or post office.
- Give consent for auto-debit of the premium.
- Keep the acknowledgement slip.
Benefits in detail
- ₹2 lakh paid to the nominee on death from any cause.
- Premium of ₹436 a year, auto-debited from your bank account.
- Cover year runs 1 June to 31 May; renews every year.
Who can apply
- Age 18 to 50 with a savings bank or post office account.
- Cover continues up to age 55 if you keep renewing.
Documents needed
- Bank / post office account
- Aadhaar (for KYC)
- Nominee details
How to apply, step by step
- Enrol through your bank branch, net banking / mobile app, or post office.
- Give consent for auto-debit of the premium.
- Keep the acknowledgement slip.
Last checked against the official website: 26 Sept 2026
Amounts and rules can change. The official website is always final. YojanaHelper is an independent guide, not a government website.
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