Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Details & Benefit

Pradhan Mantri Jeevan Jyoti Bima Yojana has been started by the Prime Minister of India Mr Narendra Modi on 9^th May 2015. The objective of scheme is to secure the future of beneficiary’s Famliy. Under Pradhan Mantri Jeevan Jyoti Bima Yojana central government Provides Rs.2 lakhs rupee insurance cover the policy holder who gets died due to any reason. Under PMJJBY Scheme 2019 the premium of Insurance is Rs.330/- per annum per subscriber.  PM Jeevan Jyoti Bima Insurance scheme is auto debited scheme under you have to pay less than 1 Rupee Per day. In the below section check the complete details of Insurance scheme and avail all the benefits.

What is PM Jeevan Jyoti Bima Yojana 

Pradhan Mantri Jeevan Jyoti Bima Yojana is an insurance policy scheme under which all savings bank account holders in the between age 18 to 50 years in participating banks will be eligible to join the Scheme. Under this PMJJY Scheme 2 Lakhs Rupee Death cover will be given to the policy holders. it is an auto Debited Scheme. One key point is that this scheme will be linked only to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana.The Beneficiary should have to open their bank account under the Pradhan Mantri Jan Dhan Yojana.

Who When & Where launch the PM Jeevan Jyoti Bima  Scheme 

Jeevan Jyoti Bima Yojana was launched by Prime Minister Narendra Modi on 9^th May 2015 in Kolkata and it’s originally mentioned in the budget of 2015.

Why PMJJBY 2020 Launch 

Government feels the need PM Jeevan Jyoti Bima Scheme because only 20% of India’s population has any kind of insurance. This PMJJBY Scheme main objective is that to increase the number of this kind of Insurance policy holders.

Brief Summary Of PMJJBY scheme

Benefits of Pradhan Mantri Jeevan Jyoti Bima Yojana

• It gives 2 lakh death cover to the policy holder.
• Its premium value is to small only 330 Rupees Per annum.
• Its fully secured insurance policy
• Auto Debited Insurance Scheme

PMJJBY Required Documents

• Bank Account opened Under Pradhan Mantri Jan Dhan Yojana.
• Identity proof
• Declaration Form

How to apply Pradhan Mantri Jeevan Jyoti Bima Yojana

• You have to visit the Bank Branch where you have your bank account
• Submit all the Required Documents and Declaration Form with appropriate detail
• Then submit all Form and all required detail & Documnets to the branch manager.

Important Downloads

Important Links