PM Jeevan Jyoti Bima Yojana 2026 — ₹2 Lakh Life Cover at ₹436/Year
PMJJBY 2026: ₹2 lakh term life cover for ₹436/year (auto-debit). Eligibility 18–50, simple enrolment via your savings bank account. Claim process, exclusions, and renewal.
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Quick summary. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a one-year, renewable term life insurance scheme of the Government of India. Cover: ₹2 lakh on death from any cause. Premium: ₹436 per year (raised from ₹330 in June 2022), auto-debited from a savings bank account between 25 May and 31 May annually. Eligibility: any savings-account holder aged 18–50. Renewal continues till age 55. Apply mode: through your bank — fill the consent + nominee form once, renewals are automatic. As of FY 2025–26, 18.4 crore enrolments with ₹15,000+ crore in claims paid since launch in May 2015.
PMJJBY is one of three Jan Suraksha schemes (along with PMSBY accident cover and APY pension) launched on 9 May 2015. The structuring is deliberately simple: a flat premium, a flat sum-assured, no medical underwriting, and a uniform 30-day waiting period. The ₹436 is split as ₹395 to the insurer (LIC or empanelled life insurer chosen by your bank) + ₹30 to the bank as service charge + ₹11 to the BC / agent. Auto-debit happens once a year, around the end of May, for the policy year June–May.
The scheme’s biggest strength is its claim simplicity. There is no medical examination, no agent visit and no policy document — just a savings account and a one-time consent form. As of March 2026, the cumulative claim ratio is ~106% — meaning the scheme has paid out more than it has collected, with the gap covered by central reinsurance.
Scheme at a glance
| Detail | Information |
|---|---|
| Scheme | Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) |
| Type | One-year renewable term life insurance |
| Sum assured | ₹2 lakh on death from any cause |
| Premium | ₹436 per year (auto-debited 25–31 May) |
| Policy year | 1 June – 31 May |
| Waiting period | 30 days for non-accidental deaths |
| Eligibility | Savings account holder aged 18–50 |
| Renewal | Up to age 55 (auto-renewed if balance is sufficient) |
| Insurers | LIC + empanelled life insurance companies via banks |
| Apply mode | At any bank where you hold a savings account |
| Helpline (Jan Suraksha) | 1800-180-1111 / 1800-110-001 |
Who is eligible?
Educational Qualification
Not applicable
Age Limit (As on Date of enrolment (renewal continues till 55))
18 to 50 Years
Other Requirements
- Nationality: Indian citizen
- Must hold a savings bank account in any participating bank — public, private, RRB, cooperative
- Aadhaar should be the primary KYC for the bank account (Aadhaar-seeded)
- Cannot enrol if already a beneficiary under PMJJBY in another bank — only ONE active policy per individual; multiple enrolments are auto-rejected at claim stage
- Must give one-time consent for auto-debit — without auto-debit consent, the policy is not active
- Account must have sufficient balance on auto-debit dates (25–31 May) — failed debit means lapsed cover
In simple terms. If you are 18–50 and have an Aadhaar-linked savings account in any bank, you can enrol in 5 minutes. No health check. No paperwork beyond a one-page consent form.
What is covered
| Event | Cover |
|---|---|
| Death from any cause (after 30-day waiting) | ₹2 lakh to nominee |
| Death within 30 days of first enrolment (non-accidental) | Not covered (waiting period) |
| Death within 30 days due to accident | ₹2 lakh (accident cover starts day 1) |
| Death after age 55 | Not covered (cover ceases after 55) |
| Suicide within first year | Not covered (standard exclusion) |
Documents required
While filling online form
- Aadhaar card (must match the savings account KYC)
- Savings account passbook + cheque book
- PAN (only for transactions above ₹50,000 — usually not needed for enrolment)
- Nominee details — name, relationship, date of birth, Aadhaar (optional)
- Mobile number for enrolment SMS confirmation
How to enrol
Method 1 — At your bank branch (one-time, 10 minutes)
- Walk into the bank where you hold the savings account.
- Ask for the PMJJBY consent-cum-declaration form. Fill: name, account number, age, nominee, mobile.
- The form contains your one-time auto-debit mandate for ₹436 every June.
- Submit at the counter. The bank issues an enrolment confirmation slip with your Master Policy Number.
- Cover starts immediately for accidents, after 30 days for non-accidental causes.
Method 2 — Through net-banking / mobile banking
Most major banks (SBI, PNB, HDFC, ICICI, Axis, Canara, BoB) allow PMJJBY enrolment via net-banking:
- Login → Insurance → PMJJBY → Enrol.
- Confirm account, age, nominee details. Accept auto-debit mandate.
- Premium of ₹436 is debited immediately (or on the next auto-debit cycle if mid-year).
- Receive enrolment SMS and PDF certificate.
Method 3 — Via Jan Suraksha portal
Visit jansuraksha.gov.in → choose your bank → fill the form → it generates a printable consent form to submit at the bank.
⏰ Last Date: Open (annual auto-debit cycle 25–31 May)
Enrol via your bankClicking this button will take you to the official government portal.
How to claim
| Step | Action |
|---|---|
| 1 | Nominee informs the bank where the policy was held — within 30 days is ideal but no hard deadline |
| 2 | Bank issues the PMJJBY claim form + nominee fills basic details |
| 3 | Submit: death certificate, nominee’s Aadhaar + bank account, original consent form copy |
| 4 | Bank forwards to the empanelled insurer (LIC / empanelled life insurer) |
| 5 | Insurer settles within 30 days of complete documentation — claim amount of ₹2 lakh credited to nominee’s bank account |
There is no medical board, no claim investigation visit, no agent. The bank is the single point of contact for the nominee.
Common pitfalls
| Issue | Fix |
|---|---|
| Premium auto-debit failed (insufficient balance on 25–31 May) | Cover lapses for that year — re-enrol from June; if death occurs during lapsed period, no claim |
| Enrolled in two banks | Only the first policy is valid at claim; the second is refunded after settlement. Cancel one to avoid waste of premium |
| Nominee details outdated | Visit the bank with updated nominee KYC; submit revised consent form |
| Aged out (55+) | Cover ceases. No equivalent renewal; consider commercial term plans |
| Claim delayed > 30 days | Escalate to bank’s nodal officer; if no response, file at jansuraksha.gov.in grievance portal or call 1800-110-001 |
Frequently asked questions
1. What is the premium for PMJJBY in 2026?
2. What does the ₹2 lakh cover include?
3. Up to what age can I keep the cover?
4. Can I have PMJJBY with multiple banks?
5. What if I lose my job and the bank account is closed?
6. Is medical exam required?
7. Can I combine PMJJBY with PMSBY?
8. How long does claim settlement take?
Latest updates
The Government of India retained the PMJJBY premium at ₹436 for FY 2026–27 despite continued claim ratios above 100% — the gap is bridged by central reinsurance support. From April 2026, digital claim filing has been enabled at all empanelled insurers — the nominee can upload the death certificate via the Jan Suraksha portal, cutting branch visits to one. The 2026 budget set a target of 30 crore PMJJBY enrolments by 2028, focused on rural / North-East coverage where current penetration is below 40%.
Official links
Disclaimer. SarkariBaba is an independent information publisher. PMJJBY premium and rules are revised by Government order — verify on jansuraksha.gov.in before depending on this article.
