PM Jeevan Jyoti Bima Yojana 2025: Financial security is a top priority for individuals and families, and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 2025 offers an affordable life insurance option to secure your loved ones. With a coverage of ₹2 lakh at a premium of just ₹436 per year, this scheme provides peace of mind and financial stability in case of unexpected loss.
If you want to protect your family’s future with an easy-to-enroll, government-backed insurance scheme, PMJJBY is a great choice. Here’s a detailed breakdown of what this scheme offers and how you can apply today.
PM Jeevan Jyoti Bima Yojana 2025
| Feature | Details |
|---|---|
| Scheme Name | Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) |
| Coverage | ₹2 lakh in case of policyholder’s death (any cause) |
| Premium | ₹436 per year (auto-debited) |
| Eligibility | Indian citizens aged 18-50 years with a bank/post office account |
| Policy Term | Renewable annually until age 55 |
| Enrollment Period | Open all year (coverage starts from June 1st) |
| Claim Settlement | Processed within 30 days upon document submission |
| Issuing Authority | Life Insurance Corporation (LIC) and other insurers |
| Official Website | Government Portal |
PM Jeevan Jyoti Bima Yojana 2025 is one of the most affordable life insurance plans in India, offering ₹2 lakh coverage at just ₹436 per year. Whether you’re a salaried professional, small business owner, or daily wage worker, this scheme provides an easy way to secure your family’s financial future.
The application process is simple, and with no medical check-ups required, there’s no reason to delay enrolling in PMJJBY today.
What is PM Jeevan Jyoti Bima Yojana?
Launched in 2015 by the Government of India, PMJJBY is a low-cost life insurance scheme aimed at providing financial protection to families in case of the policyholder’s untimely demise. The plan is run by Life Insurance Corporation (LIC) and other insurance providers in collaboration with banks and post offices.
This scheme is designed to make insurance affordable and accessible to all citizens, especially low-income groups who may not have insurance otherwise. Since life is unpredictable, having a financial safety net ensures that your family is taken care of, even in your absence.
Who Can Apply for PMJJBY?
To enroll in PMJJBY, you must fulfill these eligibility criteria:
- Age Requirement: 18 to 50 years
- Bank or Post Office Account: You must have an active account for premium auto-debit
- Consent for Auto-Debit: The premium amount is deducted annually from your account
- Renewal: The policy can be renewed every year until the age of 55
- Healthy Account Balance: Ensure your bank account has sufficient funds for premium deduction
If you meet these criteria, you can easily apply and get covered in minutes!
Step-by-Step Guide to Apply for PMJJBY
Applying for PMJJBY is simple. Follow these easy steps:
Step 1: Visit Your Bank or Post Office
Since the scheme operates through banks and post offices, you need to contact your bank branch or nearest post office to initiate enrollment.
Step 2: Get the PMJJBY Form
You can get the application form online from your bank’s website or obtain a physical copy from the branch/post office.
Step 3: Fill Out the Application Form
Provide details such as:
- Name
- Date of birth
- Bank account details
- Aadhaar number (for KYC verification)
- Nominee details (who will receive the claim amount)
Step 4: Submit the Form and Consent for Auto-Debit
Sign the form and submit it along with KYC documents. Ensure that you authorize the bank/post office to auto-debit the premium from your account every year.
Step 5: Receive Confirmation
Once the application is processed, you will receive a confirmation message from your bank or insurer, verifying your enrollment.
Step 6: Annual Renewal
Ensure that you maintain a sufficient balance in your bank account for automatic premium deduction every year.
That’s it! You are now covered under PMJJBY for the year.
Why Should You Enroll in PMJJBY?
Affordable Coverage
For just ₹436 per year, you get life insurance coverage of ₹2 lakh—one of the cheapest premium rates in the market.
No Medical Check-Up Required
Unlike many insurance policies that require medical tests, PMJJBY offers hassle-free enrollment without any health check-ups.
Financial Security for Family
In case of your unfortunate demise, your family will receive ₹2 lakh, helping them manage expenses and financial burdens.
Easy Claim Settlement
The claim process is designed to be quick and hassle-free, with settlements processed within 30 days of document submission.
Government-Backed Scheme
Being a government-initiated scheme, it provides trust and reliability, ensuring seamless claim processing.
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FAQs About PM Jeevan Jyoti Bima Yojana 2025
1. Can I apply for PMJJBY if I have multiple bank accounts?
No, you can apply only through one bank account. Multiple enrollments will not be accepted.
2. What happens if I don’t renew my policy?
If you fail to maintain a sufficient balance for the premium deduction, your policy will lapse. You can re-enroll the next year, but fresh terms may apply.
3. Can I nominate a family member to receive the claim amount?
Yes, you must nominate a legal heir or family member who will receive the insurance payout in case of your death.
4. How long does it take to receive the claim amount?
Claims are usually processed within 30 days of submitting the required documents.
5. What documents are required for claim processing?
The nominee must provide:
- Death certificate of the insured
- Claim form (available at the bank/insurer’s office)
- Bank account details of the nominee
6. Can NRIs apply for PMJJBY?
No, the scheme is available only for Indian citizens who have a bank or post office account in India.
