Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) — National Core
Central Government subsidized term life insurance offering ₹2 Lakh death benefit for ₹436 annual premium.
🛡️मुख्य लाभ एवं सुरक्षा विवरण (Key Benefits)
Guaranteed ₹2,00,000 life insurance payable to the nominee upon the death of the insured due to ANY cause (natural, illness, or accidental). Valid for a 1-year period (1st June to 31st May) and auto-renewable annually through linked savings bank account. No medical examination required.
📋पात्रता की शर्तें (Eligibility Rules)
Citizens aged 18 to 50 years holding an active savings bank or post office account with an active auto-debit consent mandate. Good health self-declaration required at joining.
📂आवश्यक दस्तावेज (Required Documents)
Aadhaar Card, Active Savings Bank Account Passbook, Nominee Aadhaar Card and bank account details.
⚠️क्या कमी है / महत्वपूर्ण चेतावनियां (Honest Caveats & Policy Exclusions)
Initial 30-day waiting period from date of enrollment during which death (other than accidental) is not covered. Coverage terminates permanently when subscriber reaches 55 years of age. A person cannot hold multiple PMJJBY policies across multiple bank accounts; maximum claim is capped at ₹2 Lakh across all banks.
🚀आवेदन एवं दावा प्रक्रिया (How to Apply & Claim)
1. Visit your bank branch or log in to net-banking / mobile banking app (SBI YONO, PNB One, IPPB, etc.). 2. Navigate to 'Government Social Security Schemes' -> 'PMJJBY'. 3. Select savings account, nominate beneficiary, and submit auto-debit authorization of ₹436. 4. Acknowledgement slip / policy certificate is generated instantly.