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How to Apply for PMJJBY (₹2 Lakh Life Insurance at ₹436/year)

Get ₹2 lakh life insurance for ₹436/year via PMJJBY. Auto-debit from bank account. Aged 18-50 eligible.

📁 Insurance ⏱️ 5-10 mins 💰 ₹436 per year
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About This Guide

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme launched in 2015. Provides ₹2 lakh life cover for any cause of death (including natural causes, accidents, illness) at premium of just ₹436 per year. Cover available for individuals aged 18-50 years with savings bank account. Premium auto-debited from bank account between May 25-31 each year for one-year cover from June 1 to May 31. Over 22 crore subscribers enrolled. Most economical life insurance in India - perfect for low/middle-income families.

Eligibility Criteria

Documents Required

Keep these documents ready before starting application. Missing documents = delayed approval.

Step-by-Step Application Process

Follow these steps in order. Each step is critical - skip none.

Visit Your Bank Branch
Go to your bank where you have savings account. Almost all banks participate: SBI, PNB, BOB, HDFC, ICICI, Axis, etc. Post office savings account holders also eligible.
Get PMJJBY Application Form
Ask for PMJJBY Consent-cum-Declaration Form. Available at any branch. Most banks now offer online enrollment via mobile app/Net banking.
Read Health Declaration
Form has health declaration: confirm you are in good health, no major illnesses, no current treatment for cancer/heart/HIV. False declaration leads to claim rejection.
Fill Personal Details
Name (as per Aadhaar), DOB, gender, address, mobile, Aadhaar number, bank account number, nominee details (mandatory).
Add Nominee Details
Nominee usually spouse, parent, child. Get nominee's name, relationship, age, address. Multiple nominees can be added with shares specified.
Sign Auto-Debit Authorization
Authorize bank to auto-debit ₹436 annually from savings account on May 25-31. This is the only payment method - no other.
Submit Form to Bank
Submit at branch counter. Get acknowledgment receipt. Bank forwards to insurance company (LIC most common). Cover starts from June 1 next month.
Maintain Sufficient Balance
Keep at least ₹500 in savings account on May 25-31 every year. Auto-debit fails = cover lapses immediately. No grace period for renewal.
Annual Renewal Auto-Confirms
Cover auto-renews each year as long as auto-debit succeeds and you're below age 55. Bank sends SMS confirmation each year.
Claim Process (For Nominees)
In unfortunate event of subscriber death, nominee approaches bank with: Death certificate, Aadhaar of subscriber, Aadhaar of nominee, Bank statement, Claim form. Settlement in 30 days.

Key Benefits

What Happens After Application?

Maintain savings account balance. Bank auto-debits ₹436 annually on May 25-31. Cover June 1 to May 31 next year. Inform nominee about policy, where documents kept, claim process. Update nominee/address whenever changed by writing to bank. If you change banks, new enrollment needed - cover doesn't transfer automatically. Cover ends at age 55. After that, may need other life insurance.

Frequently Asked Questions

PMJJBY vs PMSBY - which to take?
Both should be taken together. PMJJBY: ₹436/year for ₹2L death cover (any cause). PMSBY: ₹20/year for ₹2L accident cover. Combined ₹456/year for ₹4L total cover - amazing deal.
Can I have multiple PMJJBY?
No, only one PMJJBY per person. Even if you have multiple bank accounts, only one cover. Other applications will be rejected at insurance company level.
What if I die during initial 45 days waiting period?
If death due to natural causes within 45 days of enrollment - claim REJECTED. Death due to accident covered immediately. After 45 days, all causes covered.
Premium will increase?
No, premium fixed at ₹436 per year. Government revised once from ₹330 to ₹436 in 2022 (after 7 years). May revise occasionally but cover remains exceptional value.
Can NRIs apply for PMJJBY?
No, PMJJBY only for Indian residents with Indian bank account. NRIs not eligible. They can take other term insurance from regular insurance companies.

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