The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 2025 is a life insurance scheme launched by the Central Government in partnership with the Insurance Regulatory and Development Authority of India (IRDAI). This scheme aims to provide affordable insurance coverage to the middle-income and low-income groups in India.
Even today, many people are unaware of the benefits of insurance. This leads to hesitation among middle and lower-income families to invest in insurance policies. To address this, PMJJBY offers a simple, cost-effective way to ensure financial security for the family of the breadwinner in case of untimely death.
What is PM Jeevan Jyoti Bima Yojana 2025?
PMJJBY is a Term Life Insurance scheme for people aged 18 to 50 years. It provides life and accidental insurance coverage up to ₹2,00,000 at a minimal annual premium. The main objective is to protect families from financial difficulties after the loss of the primary earner.
| Feature | Details |
|---|---|
| Scheme Name | Pradhan Mantri Jeevan Jyoti Bima Yojana 2025 |
| Insurer | Life Insurance companies approved by IRDAI |
| Premium | ₹330 – ₹436 per year |
| Coverage Amount | ₹2,00,000 |
| Age Group | 18 to 50 years |
| Renewal | Annually |
| Mode | Auto-debit from bank account |
| Tax Benefit | Premium and death benefit exempt from income tax |
| Enrollment Period | 1st June – 31st July |
Key Benefits of PMJJBY
- Life Insurance Cover: Provides ₹2 lakh in case of natural death of the insured.
- Accidental Death Cover: Accidental death or disability is also covered.
- Low Premium: Annual premium is fixed between ₹330 and ₹436.
- Tax Benefits: Premium and benefits are exempt under Section 80C and 10(10D) of Income Tax Act.
- Digital Claims: Claims and enrollment processes are linked digitally for faster settlement.
- Renewal Facility: Coverage continues every year after renewal and payment of premium.
Eligibility Criteria for PMJJBY
| Eligibility | Requirement |
|---|---|
| Age | 18 – 50 years |
| Citizenship | Indian resident |
| Bank Account | Mandatory for auto-debit |
| Documents | Aadhaar card, Aadhaar-linked mobile number, and bank account |
| Medical Certificate | Required at the time of enrollment and renewal |
Note: Only one family member per family can enroll in this scheme.
Important Facts About PMJJBY
- Cooling Period: 45 days after enrollment; coverage starts after this period.
- Accidental Death Coverage: Starts immediately for accidental deaths.
- Linked to Bank Account: Closing the savings account ends the policy automatically.
- Auto Debit: Premium is deducted in the last week of each policy year.
How to Apply for PM Jeevan Jyoti Bima Yojana 2025
The scheme is available through all government and private banks in India. Candidates can apply in two ways:
- Offline:
- Visit your bank branch.
- Fill the application form.
- Submit documents (Aadhaar, bank details, medical certificate).
- Enable auto-debit for premium payment.
- Online:
- Some banks offer online application forms.
- Complete the form, attach necessary documents, and enable auto-debit.
After enrollment, your insurance coverage begins automatically once the premium is paid and confirmed.
Conclusion
The PM Jeevan Jyoti Bima Yojana 2025 is an excellent option for middle and lower-income families to ensure financial protection for their loved ones. With a low premium, life and accidental cover up to ₹2 lakh, and tax benefits, this scheme is both affordable and valuable. Families can invest today to secure their future and avoid financial hardships in case of unexpected events.