The Government of India launched the PMJJBY Scheme. To provide Life Insurance coverage to the citizens of India the Government of India launched the Pradhan Mantri Jeevan Jyoti Bima Yojana. All the applicants under the scheme will receive financial assistance after their death due to any reason. The total Life Insurance coverage of INR 2 lakh will be given to the applicant after their death due to cost. The scheme is offered by banks/post offices and administered through life insurance companies. All the applicants who clear the eligibility criteria must visit the official website and fill out the application form to avail the benefits of PMJJBY Scheme 2024.
The objective of PMJJBY Scheme
The main objective of launching the Pradhan Mantri Jeevan Jyoti Bima Yojana is to help the citizens of India get premium Life Insurance. With the help of the PMJJBY scheme, the citizens of India can get life insurance at a much cheaper rate than the market. The applicants just have to pay a premium of INR 436 to get life insurance under the PMJJBY Scheme. All the applicants who are between the age group of 18 to 50 years are eligible to avail the benefits of the Pradhan Mantri Jeevan Jyoti Bima Yojana. The applicants must hold a bank account or a post office account to receive the benefits of this scheme.
Also Read: Ayushman Bharat Scheme for Senior Citizens
Key Highlights of PMJJBY Scheme
| Name of the scheme | PMJJBY Scheme |
| Launched by | Government of India |
| Objective | Provide Life Insurance |
| Beneficiaries | Citizens of India |
| Official website |
Eligibility Criteria
- The age of the applicant must be between 18 to 50 years.
- The applicant must hold an individual bank/post office account.
Age Limit
- The maximum maturity age of the life insurance under the PMJJBY Scheme is 55 years.
Benefits of The Scheme
- The applicants can get premium life insurance at a much cheaper rate than a market under the Pradhan Mantri Jeevan Jyoti Bima Scheme.
- The applicants just have to pay a premium of INR 436 per month to avail the benefits of the PMJJBY Scheme.
- The total financial assistance of INR 2 lakh will be given to the applicant’s family after their death due to any cost.
- The applicants can fill out the enrollment form online in the comfort of their homes without going anywhere.
- To avail the life insurance under the scheme the applicants did not have to undergo any medical examination.
PMJJBY Premium Amount
- The premium amount under the Pradhan Mantri Jeevan Jyoti Bima Yojana is INR 436.
Financial Benefits Under PMJJBY
- The total financial assistance under the Pradhan Mantri Jeevan Jyoti Bima Yojana is INR 2 lakh after the death of the applicant due to any cause.
PMJJBY Enrollment 2024
- To enroll under the scheme all the applicants can visit the nearest bank branch or post office.
- Once the applicant reaches the nearest bank branch or post office the applicant can consult with the concerned official.
- The applicant will receive the application form from the bank branch or post office.
- Applicants must fill out all the details that are asked for and attach all the necessary documents on the application form.
- After filling out the details carefully the applicant muscle reviews it and submits the application form back to the concerned official.
PMJJBY Scheme Renewal Process
- To renew the PMJJBY scheme the applicant can visit the nearest bank branch or post office.
- The applicants can just consult with the concerned officer and fill out the renewal application.
- The applicant must enter all the details and attach all the documents that are asked.
- After filling out all the details the applicant must submit the renewal application to the concerned official.
FAQs
Who is eligible to avail of the benefits of the Pradhan Mantri Jeevan Jyoti Bima Scheme 2024?
All the applicants who are between the age group of 18 to 50 years are eligible to avail the benefits of the PMJJBY Scheme 2024.
What is the premium amount to be given under the PMJJBY Scheme?
The premium amount under the PMJJBY scheme is INR 436.
What is the total financial assistance to be given under the PMJJBY Scheme?
The total financial assistance under the PMJJBY scheme is INR 2 lakh after the death of the applicant due to any cause.