Pradhan Mantri Jeevan Jyoti Bima Yojana {प्रधानमंत्री जीवन ज्योति बीमा योजना}

The Pradhan Mantri Jeevan Jyoti Bima Yojana was launched by our Finance Minister Shri Arun Jaitley on 28 February 2015. There are a lot of people in our India who are unable to get their insurance done by performing their responsibilities. So because of this problematic situation, the government of India has started this scheme. This scheme is the same as Pradhan Mantri Jan Dhan Yojana. Our Prime Minister Narendra Modi launched it on 9 May 2015. This scheme is a life insurance policy that has been launched for the poor as well as middle-class people of our country.

The person who will get a life insurance policy under this scheme, their family members, will be able to get Rs 2 lakh under insurance policy after their death. And that is not just the applicant under this scheme; the person only has to pay 330 rupees for premium per year. This plan is to get your life insurance. Under Prime Minister Jeevan Jyoti Bima Yojana 2019 you will pay Rs 330 to insurance policyholder per year. Under this scheme, you can pay the policy in any bank account you wish, but you can get this insurance policy only in one account.


The main features of Pradhan Mantri Jeevan Jyoti Bima Yojana are mentioned below:

  • This scheme can provide life cover for one year along with the renewable option of every year. With the same, you will also get a life cover of INR 2 lakhs for a nominal premium that is of INR 330 per annum. 
  • This scheme is pure term insurance, and there will be no maturity advantage in this plan. 
  • When 45 days of enrolment is completed, your cover will start, but on death due to an accident, the sum secure will be paid. You can buy the plan through participating banks which have tie-ups with LIC as well as other private insurance companies in India. 
  • Insured must have a savings bank account to get enrolled under this scheme. This plan is a government-backed term insurance plan making claim resolution easy and trustworthy.
  • It is effortless to re-join the programme if one has mistakenly or for any reason withdrawn from the programme. It is easy to understand as well as does not have any complications. 


Under this scheme, the needful coverage of INR 2,00,000 will be provided on the death of the policyholder because of many reasons. 

Maturity Benefit

It is a pure term insurance plan that can provide coverage against death benefit as well as hence there is no maturity benefit available under this plan. 

Risk Coverage

Pradhan Mantri Jeevan Jyoti Bima Yojana's plan can offers coverage against the risk of life. In case of the death of the policyholder, the benefit amount is given to the nominee of the policyholder. There is no condition if a person dies because of any reason after the 45 days of the cooling period clause. If the death of the policyholder takes place because of an accident, then there will be no cooling period, and the death assistance will hand over to the nominee.

Tax Benefit

Tax benefits are also be availed on the premium paid under this policy under section 80 c of the Income Tax Act.

Eligibility Criteria 

If a person wants to get enrolled under this plan, he or she must have to fulfil the eligibility criteria of the scheme. Complete details about the eligibility criteria for the programme are mentioned below:

  • The only person whose age is between the 18 to 50 years and has a Savings bank account can apply for the Pradhan Mantri Jeevan Jyoti Bima Yojana.
  • The person who has multiple accounts across various banks may also take part in the policy, but the person is allowed to enrol for the policy once with any one of their Savings accounts.
  • The maturity age or period of the Pradhan Mantri Jeevan Jyoti Yojana is 55 years, and this means that the insurance policy will be finished once the insured person reaches the age of 55 years.
  • The candidate must have an Aadhaar card to apply for this policy.

The Registration Process for Pradhan Mantri Jeevan Jyoti Bima Yojana

The person who wants to get enrolled under this scheme can easily apply by using the following mentioned two methods:

Using SMS

  • The person who is eligible for this scheme will be sent an SMS for activation.
  • You have to reply to 'PMJJBY Y' to activate.
  • After this, you will be able to get an acknowledgement message for receipt of the response.
  • For processing the application form, demographic details as well as the nominee name, nominee relationship, and nominee date of birth will be taken from the details that are present in the savings account.

Using Net Banking

  • For this, you have to Log in to Net Banking and then click on the 'Insurance' tab.
  • After this click on the Select scheme option.
  • Now you have to select the account for premium payment.
  • Policy cover amount, premium amount as well as nominee details (as per the chosen account) will be displayed on the screen.
  • After this, click on the 'Confirm' button to activate the policy.
  • At last, you have to download the Acknowledgement and unique reference number for future reference.

Frequently Asked Questions

Q: When and by whom Pradhan Mantri Jeevan Jyoti Bima Yojana was started?

PM Narendra Modi announced it on 9 May 2015.

Q: What amount will be provided to the family if the insured person dies under this plan?

If the person who has been insured in his name dies, then his family will get Rs 2 lakh.

Q: Which two more schemes were launched with this scheme?

Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana were launched on the same day when Pradhan Mantri Jeevan Jyoti Bima Yojana was launched.

Q: What is the toll-free number for this scheme?

You can also get more information by calling this national toll-free number - 1800 180 1111.

Q: What are the benefits under the scheme as well as premium payable?

Rs.2 lakhs is payable on a subscriber's death because of any reason. The premium payable under this scheme is Rs.330/- per annum per subscriber.