Pradhan Mantri Jeevan Jyoti Bima Yojana 2025 Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is an important social security scheme of the Government of India, which aims to provide life insurance protection to the general public, especially the weaker sections, at a low cost. Even in 2025, this scheme is playing an important role in providing financial security to millions of families.
Objective of the PMJJBY scheme:
The main objective of this scheme is to provide financial assistance to the family in case of death, so that the socially weaker section can get a security cover.
Key Features & Benefits:
Insurance cover of ₹2 lakh in case of death due to any reason
Annual premium of ₹436, which is one of the cheapest life insurance plans in the country
Premium is auto-debited every year between May 25 and May 31
Validity for 1 year from June 1 to May 31, which can be renewed every year
Enrolment process is very simple – possible through bank, post office, Net Banking or Mobile App
Eligibility (as of 2025):
Age limit: 18 to 50 years
Savings account (Bank or Post Office) required
A person can join the scheme with only one account
Aadhaar card is used as KYC
It is mandatory to give consent to bank/post office for auto-debit
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Lien Period (Important Condition):
There is a waiting period of 30 days for joining or re-joining the scheme for the first time
During this period, if the death is not due to an accident, the insurance claim will not be valid
This rule applies only to new enrolment, not to renewal
Highlights
- Life Insurance Cover of ₹2 lakhs, on any cause of death (accident or natural death).
- Just ₹436 annual premium, which is auto-debited from your bank/post office account.
- No medical checkup required, enrolment by Self-Declaration only.
- Lien period of 30 days applicable on first joining (except accidental death).
- The scheme is run by LIC and other life insurance companies in collaboration with banks/post offices.
Premium Structure (Mid-Year Joining):
June – August: ₹436 (Full Premium)
September – November: ₹342
December – February: ₹228
March – May: ₹114
Note: Renewal is always at full premium of ₹436
Conditions of Termination:
Member attains the age of 55 years
Account is closed or there is insufficient balance to pay premium
If more than one account is linked, only one cover will be valid
All other premiums will be forfeited
Administration of the scheme:
The scheme is administered by LIC and other interested life insurance companies
Banks and post offices act as Master Policyholders of this scheme
Impact of PMJJBY (Impact in 2025):
PMJJBY, PMSBY and APY together have become a strong pillar of India’s social security system. These schemes have played an important role in increasing insurance awareness and coverage, especially among the rural and poor sections. By the beginning of 2025, lakhs of people have received claims under the scheme and crores of people have been enrolled.
