A one-year renewable term life insurance scheme offering ₹2 lakh life insurance cover for death due to any cause. The premium is auto-debited annually from the subscriber's savings bank or post office account. Coverage period runs from 1st June to 31st May each year.
Benefits and conditions
Life Insurance Cover
₹2 lakh payable to nominee on subscriber's death due to any cause (natural, accidental, or disaster).
₹2,00,000 (One-time (on death))
Eligibility requirements
- Minimum Age: 18
- Maximum Age: 50
- Gender: Any
- Citizenship: Indian
- Residency: India
- Urban Rural: Any
- Occupation: Any
- Social Category: SC
- Social Category: ST
- Social Category: OBC
- Social Category: General
- Social Category: EWS
- Government Employee Allowed: Yes
- Income Tax Payer Allowed: Yes
- Bank Account Required: Yes
- Aadhaar Required: Yes
Exclusions
- Age below 18 years or above 50 years at time of enrolment
- No savings bank account or post office account in participating bank
- Already enrolled through another bank account (only one account allowed per individual)
- Death (other than accident) within first 30 days of enrolment (lien period)
Required documents
- Aadhaar Card
- Savings Bank Account / Post Office Account (with auto-debit facility)
- Passport-sized Photograph
- Filled enrolment form (available at bank branch or online)
How to apply
- Modes: Online
- Modes: Bank Branch
- Modes: Post Office
- Steps — Mode: Bank Branch / Post Office
- Steps — Steps: Visit your participating bank branch or post office
- Steps — Steps: Fill the PMJJBY enrolment form
- Steps — Steps: Submit Aadhaar and bank account details
- Steps — Steps: Provide consent for auto-debit of premium (₹436/year or pro-rata)
- Steps — Steps: Receive acknowledgement slip
- Steps — Mode: Online (Net Banking / Mobile Banking)
- Steps — Steps: Log in to your bank's net banking or mobile app
- Steps — Steps: Navigate to Insurance / Social Security Schemes section
- Steps — Steps: Select PMJJBY and fill in details
- Steps — Steps: Confirm auto-debit consent
- Steps — Steps: Download acknowledgement
Official application portal or instructions
