The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 2025 is a government-backed life insurance scheme that offers ₹2 lakh coverage at an extremely affordable annual premium of just ₹330. Designed especially for low- and middle-income families, the scheme provides crucial financial protection to dependents in case of the policyholder’s death.
What Is PM Jeevan Jyoti Bima Yojana
PMJJBY is a one-year renewable term life insurance scheme linked to a bank account. It is administered by public and private sector life insurers under government guidance. The policy provides a fixed life cover of ₹2 lakh for death due to any cause, including illness or accident.
Who Can Join PMJJBY in 2025
The scheme is open to individuals who have a savings bank account and fall within the eligible age group. Enrollment is simple and can be done through participating banks. The policy automatically renews every year unless the subscriber opts out or the account balance is insufficient.
PMJJBY Eligibility and Key Details
| Criteria | Details |
|---|---|
| Minimum Age | 18 years |
| Maximum Age | 50 years |
| Insurance Cover | ₹2,00,000 |
| Annual Premium | ₹330 |
| Policy Duration | 1 year (renewable annually) |
| Payment Mode | Auto-debit from bank account |
Why the Premium Is So Low
The premium is subsidized and standardized by the government to ensure maximum participation. Since the scheme works on a large risk pool and offers a fixed sum assured, insurers can keep the cost extremely low while still providing meaningful coverage.
How and When the Policy Cover Starts
Coverage begins once the premium is auto-debited from the linked bank account. The policy runs from 1 June to 31 May every year. Subscribers must ensure sufficient balance in their bank account before the auto-debit date to avoid policy lapse.
How to Enroll in PMJJBY 2025
Enrollment can be done through the bank branch where the savings account is held. Many banks also offer enrollment through internet banking or mobile banking apps. Aadhaar linking and consent for auto-debit are usually required.
What Happens in Case of Claim
In the unfortunate event of the policyholder’s death, the nominee receives ₹2 lakh after submitting the required documents such as death certificate, claim form and bank details. Claims are processed through the insurance company tied to the bank.
Why PMJJBY Is Important for Families
For a very small annual cost, PMJJBY provides essential life cover that can help families manage immediate financial needs such as household expenses, loans or children’s education after the loss of an earning member.
One Quick Takeaway Section
PM Jeevan Jyoti Bima Yojana 2025 offers ₹2 lakh life insurance cover for just ₹330 per year, making it one of the most affordable and accessible life insurance schemes in India.
Conclusion: PMJJBY 2025 continues to be a powerful social security scheme that brings life insurance within reach of every household. With minimal premium, simple enrollment and guaranteed cover, it plays a vital role in protecting families against financial uncertainty.
Disclaimer: This article is for informational purposes only. Scheme terms, eligibility and insurer details may vary slightly. Always check with your bank or official government notifications before enrolling.