PM Jeevan Jyoti Bima Yojana continues in 2025 as one of India’s most affordable life insurance schemes, offering a ₹2 lakh life cover for an annual premium of just ₹330. Backed by the Government of India and linked directly with bank accounts, the scheme is designed to provide basic financial protection to families in case of the policyholder’s untimely death.
What Is PM Jeevan Jyoti Bima Yojana
PMJJBY is a government-backed term life insurance scheme aimed at providing low-cost insurance coverage to a large section of the population. It is linked to a savings bank account and renews automatically every year as long as the account remains active and sufficient balance is maintained.
Eligibility and Entry Conditions
Individuals between 18 and 50 years of age with an active bank account are eligible to enroll in the scheme. Once enrolled, coverage can be continued up to the age of 55 through annual renewals. The scheme does not require extensive documentation, making it accessible even for first-time insurance buyers.
| PMJJBY 2025 Overview | Details |
|---|---|
| Scheme Name | Pradhan Mantri Jeevan Jyoti Bima Yojana |
| Life Insurance Cover | ₹2 lakh |
| Annual Premium | ₹330 |
| Policy Type | One-year renewable term insurance |
| Eligibility Age | 18 to 50 years |
| Premium Debit | Auto-debit from bank account |
Premium Payment and Coverage Period
The premium of ₹330 is deducted automatically from the policyholder’s bank account, usually once a year. Coverage runs for one year at a time and provides ₹2 lakh to the nominee in case of death due to any reason, including natural or accidental causes, during the policy period.
Claim Settlement and Benefits
In the event of the insured person’s death, the nominee can file a claim through the bank where the policyholder was enrolled. The claim amount of ₹2 lakh is paid after verification, offering crucial financial support to the family during difficult times.
Why PMJJBY Is Important in 2025
With rising living costs and increasing financial responsibilities, affordable insurance schemes like PMJJBY play a vital role in social security. The low premium and simple structure make it an effective safety net for millions of households across the country.
Conclusion: PM Jeevan Jyoti Bima Yojana 2025 offers a simple and affordable way to secure a ₹2 lakh life cover at just ₹330 per year. It remains a valuable protection scheme for individuals seeking basic life insurance with minimal cost.
Disclaimer: This article is for general informational purposes only. Scheme features, eligibility conditions, and premium amounts are subject to change as per government notifications. Individuals should confirm the latest details with their bank or official sources before enrolling.
