PM Jeevan Jyoti Bima Yojana 2025: The Pradhan Mantri Jeevan Jyoti Bima Yojana is a special scheme launched by the Central Government with IRDA. Through this scheme, insurance coverage is being provided to the middle class and lower income people of the country. As we all know, there is a lack of awareness in the country about insurance even today, due to which people of the country’s middle income and lower income groups still hesitate to buy insurance schemes. The main objective of starting this scheme is to provide insurance protection to these disadvantaged sections, so that after the death of the bread earner from these families, the family members can get financial security.
As we said, insurance security is provided to people of low income and middle income group through Pradhan Mantri Jeevan Jyoti Bima Yojana. Under this scheme, insurance holders are provided up to ₹ 200000 at minimum premium. In this scheme, the insurance premium amount has been fixed between ₹ 330 and 436 where the candidate is provided with benefits like Death Benefit and Accident Benefit.
What is The purpose of Pradhan Mantri Jeevan Jyoti Bima Yojana
The Pradhan Mantri Jeevan Jyoti Bima Yojana is a specific scheme launched jointly by the Central Government and Insurance Regulatory Development Authority of India. Through this scheme, insurance cover is provided to a family who do not consider it appropriate to take insurance for themselves. Under this scheme, middle and lower income groups are made aware of insurance schemes and they are provided insurance facilities on a minimum premium amount, so that if the insurance holder bread earner of the family dies under any circumstances, his family does not have to depend on anyone else for daily expenses nor the family will not be affected by financial crisis. Through this scheme, the government is providing life insurance cover to citizens from 18 to 50 years so that financial security can be provided to the families of the insured persons.
Characteristics of Pradhan Mantri Jeevan Jyoti Bima Yojana
In the Pradhan Mantri Jeevan Jyoti Bima Yojana, insurance cover is being provided to people of low income and middle income groups. The scheme has been determined by the minimum premium ₹ 330 where the candidate can get a cover of up to Rs 2 lakh. Under this insurance scheme, the policyholder is provided with life insurance cover and accidental tax. The benefits received in this insurance scheme are also given with income tax exemption. The date for enrollment in this insurance scheme has been set from 1 June to 31 July.
Under this scheme, the candidate can pay the insurance scheme to the auto debit by linking the insurance scheme to his bank account account. In this insurance scheme, claiming and receiving the claim amount has now been linked to the digital process.
Benefits of Pradhan Mantri Jeevan Jyoti Bima Yojana
Under Pradhan Mantri Jeevan Jyoti Yojana, the insured gets a date benefit and accidental benefit of up to ₹ 200000. This is a Term Life insurance in which maturity is not available. Insurance is being provided at minimum premium under Pradhan Mantri Jeevan Jyoti Bima Yojana where income tax exemption is also available on premium amount and death benefit. Under the Pradhan Mantri Jeevan Jyoti Bima Yojana, every year the insured person has to renew the scheme, and after renewal the person is provided all the risk coverage for a year.
Prime Minister Jeevan Jyoti Bima Yojana Eligibility Criteria
The minimum age of the applicant has been fixed at 18 years and maximum age of 50 years for applying under the Pradhan Mantri Jeevan Bima Jyoti Bima Yojana. Only residents of India are being included in this scheme. In this scheme, the applicant must have a bank account so that the auto debit facility can be activated. The person taking advantage of this scheme is required to have an Aadhaar card, Aadhaar card -linked mobile number and bank account. The person taking advantage of the scheme must have a medical certificate. At the same time, during the renewal every year, the candidate has to submit a medical fitness certificate.
Important Dates to Remember
| Event | Date |
|---|---|
| Annual Renewal Deadline | 31 May 2025 |
| Enrollment Period | 1 June – 31 July 2025 |
| Cooling-Off Period | 45 days from enrollment |
Important facts of Pradhan Mantri Jeevan Jyoti Bima Yojana
In the Pradhan Mantri Jeevan Jyoti Bima Yojana, the policyholder is given a period of thinking (cooling period) for 45 days after taking the policy so that the candidate can determine whether he has to move forward or not. Plan coverage starts after 45 days in this scheme. In such a situation, if the insured person dies accidentally, then coverage of the insurance amount is provided to him.
The Pradhan Mantri Jeevan Jyoti Bima Yojana is linked to the savings account of the candidate, in such a situation, if the savings account is closed for some reason, then the policy is also considered to be terminated. In this scheme, only one person is allowed to expect a policy from a family. In the same plan, the auto debit is deducted by the last week of the premium amount.
Application Process – How to Apply for PMJJBY 2025
You can apply for PMJJBY via both offline and online methods:
Offline Method:
Visit your nearest bank branch (public or private). Ask for the PMJJBY application form. Fill in your personal, nominee, and bank details. Attach Aadhaar card, age proof, and photograph and Submit the form and sign the auto-debit consent.
Online Method (if supported by your bank):
Submit and download the policy receipt.
- Log in to your bank of India or mobile app.
- Search for “PMJJBY” under insurance section.
- Select the account and provide nominee information.
- Confirm the auto-debit of ₹436 premium.
Conclusion: PM Jeevan Jyoti Bima Yojana 2025
In this way People with the lower or middle income groups who want to get the benefit of the insurance scheme can get tax exemption by investing in Pradhan Mantri Jeevan Jyoti Bima Yojana today and can also get the benefit of insurance.
FAQs about PM Jeevan Jyoti Bima Yojana 2025
Who is eligible for the PMJJBY?
Anyone aged 18–50 years with a savings bank account and Aadhaar card.
What is the coverage amount under PMJJBY 2025?
₹2 lakh in case of death due to any reason (natural or accidental).
How much is the annual premium?
₹436 per year, auto-debited from the linked savings account.
Can I buy PMJJBY for my parents?
Yes, if they are below 50 years of age and have a bank account.
Is there any waiting period?
Yes, 45 days waiting for natural death claims. No waiting for accidental deaths.
Can the policy be renewed automatically?
Yes. If sufficient balance is available, the policy will be renewed every year automatically.