central government scheme

Pradhan Mantri Jeevan Jyoti Bima Yojana

Common abbreviation: PMJJBY

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.

Quick Facts

AuthorityMinistry of Finance

Category["Insurance","Financial Inclusion"]

Effective DateN/A

Last VerifiedN/A

Pradhan Mantri Jeevan Jyoti Bima Yojana

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