Schemes / Government of India
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Central schemeeveryone
Low-cost, one-year renewable term life insurance offered through banks and post offices.
What you get
Life cover of ₹2 lakh on death from any cause, for an annual premium of ₹436 auto-debited from your account.
Who can apply
- Age 18–50 (cover can continue to 55 if enrolled before 50)
- Savings account with a bank or post office, with consent for auto-debit
How to apply
- Enrol through your bank or post office branch, net banking/mobile banking, or the Jan Suraksha portal
- Give consent for auto-debit of the annual premium
Documents usually needed
- Aadhaar (KYC)
- Bank/post office savings account
Nodal authority: Department of Financial Services. Amounts and rules change — the official page is the final word.