PMJJBY ₹436 Life Cover 2026: ₹2 Lakh Insurance — Who Can Join & How to Claim
PMJJBY is a one-year renewable life insurance cover of ₹2 lakh for death due to any cause, at a premium of ₹436 per year auto-debited from your savings account.
Premium, age and cover are as published on the Jan Suraksha portal of the Department of Financial Services. Your bank confirms enrolment and auto-debit.
Answer 5–7 simple questions and get your eligibility score in 2 minutes.
Check eligibility now →At a glance
- Premium
- ₹436 per year
- Cover
- ₹2 lakh on death (any cause)
- Joining age
- 18–50 years (cover till 55)
- Cover period
- 1 June to 31 May
What is it?
Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed term insurance scheme offered through banks and post offices with LIC and other insurers. It has no maturity or surrender value — it is pure protection for the family.
Benefits
If the insured person dies during the cover period, the nominee receives ₹2 lakh. For people enrolling for the first time, death in the first 30 days is covered only if caused by an accident.
Eligibility criteria
- ✓Age 18 to 50 years at the time of joining
- ✓Savings bank or post-office account with auto-debit consent
- ✓Aadhaar as the primary KYC for the account
- ✓One enrolment per person across all accounts
Documents required
- ✓Savings account passbook or number
- ✓Aadhaar card
- ✓Nominee name and relationship
- ✓Signed consent-cum-declaration form (at branch) or net-banking consent
How to apply — step by step
- Open your bank app/net banking and look for 'Social Security Schemes' or visit your branch
- Select PMJJBY, confirm nominee and give auto-debit consent
- Keep the acknowledgement-cum-certificate of insurance
- Keep ₹436 balance before 31 May every year for renewal
- For a claim, the nominee submits the claim form, death certificate and discharge receipt at the same branch
Important dates
You can join any time; the premium is pro-rated by joining quarter by banks. Renewal is auto-debited around 25–31 May — insufficient balance breaks the cover.
Common mistakes to avoid
- ✓Keeping low balance in May, which lapses the cover
- ✓Enrolling from two accounts — only one cover is valid
- ✓Not updating the nominee after marriage
- ✓Paying agents who promise 'extra benefits' — enrolment is free at the bank
Frequently asked questions
Is PMJJBY money returned if nothing happens?
No. It is pure term insurance with no maturity benefit.
Can I join at 52?
No. Joining age is up to 50; existing members can continue up to 55 by renewing.
How long does the claim take?
Banks and insurers are expected to settle complete claims quickly; submit all documents together to avoid delay.
Can I have PMJJBY and PMSBY both?
Yes. They are separate covers and many people take both.
Answer 5–7 simple questions and get your eligibility score in 2 minutes.
Check eligibility now →