Pradhan Mantri Jeevan Jyoti Bima Yojana SBI (PMJJBY)

Pradhan Mantri Jeevan Jyoti Bima Yojana SBI @ Rs 330 Per Year Premium 

Prime Minister Narendra Modi is keen on getting the unbanked population brought to the mainstream banking systems and thus have started Jeevan Jyoti Bima Yojana for the people employed and working in unorganized sector. One such scheme recently launched is Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), that offers a renewable life insurance cover of Rs 2 lakh with just a mere premium of Rs 330.  Any Indian resident within the age group of 18 to 50 years is eligible to avail the scheme, provided he or she has a saving bank account with which the scheme would be attached.

Pradhan Mantri Jeevan Jyoti Bima Yojana

Details of Jeevan Jyoti Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana is an insurance scheme that would be renewable every year with a cover for just one year at a time.  The scheme covers death due to any reasons.  The main administrator of the scheme would be Life Insurance Corporation along with few other insurance companies who are willing to offer a similar product under the scheme. Any Indian resident within the age group of 18 to 50 years is entitled to join the scheme.  If anyone has multiple saving accounts in several banks, the person can only join one scheme that could be attached to any of the saving accounts.

Enrollment Period of Jeevan Jyoti Bima Yojana

The cover period for initial launch of PMJJBY is from 01st of June 2015 to 31st of May 2016.  All aspiring subscribers are required to give their consent to their respective banks by 31st May 2015.  The government may extend the enrollment of the scheme till 31st August 2015 and may further extend it to another three months, i.e. till 30th November 2015.  However, those joining after 31st may still have to make full payment of their premium amount in order to avail the cover during the said period.

Enrolment Modalities and Benefits of Jeevan Jyoti Bima Yojana

The premium within PMJJBY would be paid through an auto debit that would be attached to the subscriber’s saving account.  Since 2015 happens to be the launching year of the scheme, an extension of 3 to 6 months would be provided for those willing to join scheme after the due date. However, in case of those joining the scheme after the last date would have to pay the full premium for the entire year in order to avail coverage for the year. A certificate of good health would have to be provided at the time of joining the scheme.  If any individual exits the scheme at any point, he/she could rejoin the scheme by paying the full premium for that particular year along with submitting a certificate of good health. As per PMJJBY, the insurance for death is in the amount of Rs 2 lakh.  This means that an amount of Rs 2 lakh would be given to the nominee of the deceased/subscriber.

Premium for Jeevan Jyoti Bima Yojana

The premium for PMJJBY is Rs 330 per annum to be auto-debited from the saving account of subscriber on a one time yearly basis.  This money would be debited from the on or before 30th May of the given fiscal year. A detailed payment of the premium is also possible provided the subscriber pays the full premium in one time along with a self certificate of good health by a competent authority.  Although, the government would strive not to increase the premium in times to come, the premium however, is subject to revision on a yearly basis. Eligiblility for Jeevan Jyoti Bima Yojana Following are the eligibility conditions for availing life insurance under PMJJBY:

  1. The subscriber should be within the age limit of 18 to 50 years
  2. The subscriber should have a working saving account with any of the bank in India
  3. The subscriber should give a written consent that the premium would be auto-debited from his/her saving account on an annual basis and he/she would maintain the required minimum balance at the time of auto-debit
  4. Those who join the scheme after the last date of the scheme would have to pay full premium along with a self certification of good health
  5. A declaration would have to be made by the subscriber that he/she is not suffering from any acute and critical illness at the time of enrolling into the scheme.

The termination of assurance under Jeevan Jyoti Bima Yojana

In any of the following conditions, the benefits and assurance under the scheme shall be immediately terminated and no amount would be payable to either the subscriber or the nominee:

  1. The assurance would be terminated in the event of subscriber attaining an age of 55 years. As a matter of fact, joining the scheme after the age of 50 years is not possible anyway.
  2. The assurance and benefits would be terminated in case of closure of the saving account through which auto-debit is guided.
  3. The cover would be terminated with all except one bank account if the subscriber has more than one saving account and more than one PMJJBY are running on those saving account. Only one insurance cover is allowed per individual.
  4. The scheme would be terminated if the subscriber fails to maintain a minimum balance to the saving account at the time of auto-debit. The scheme however, could be reinstated on payment of the full premium and certificate of a good health.

Appropriation of Premium under Jeevan Jyoti Bima Yojana

Following is the appropriation of Rs 330 that would be paid as premium under PMJJBY:

  • Rs 289 would be charged as annual insurance premium by LIC per member
  • Rs 30 would be charged for reimbursement of expenses to Agents/Corporate/Micro/BC
  • Rs 11 would go against Administrative Reimbursement Expenses to the banks participating in the scheme.

As per the scheme, it is the complete responsibility of the participating bank to collect annual premium in one installment from the account holder before or on the due date.  Subscribers have a choice of giving a onetime mandate for auto-debit of premium from their respective account.  The proposed date of commencement of PMJJBY is 01st June 2015 and renewals would happen subsequently on 01st June of every year.

Claim settlement process in jeevan jyoti bima yojana

The central government has recently launched different insurance schemes and among them, one of the major is PM Jeevan Jyoti Bima Yojana. This is a life coverage plan and it covers both the natural and accidental deaths. A maximum sum of Rs 2 lakh rupees shall be provided as the coverage for insurance claims. In this article we are going to provide the complete details about the procedure for claiming the insurance coverage. Check them out below! The first step is, the nominee has to reach out for the bank where the member has a “savings account” through which he/she shall be covered under PMJJBY. And the nominee has to bring the death certificate of the insurance holder along with him/her. Then, the nominee has to get the claim form and the Discharge receipt which will be given by the bank or any other designated sources like insurance companies, insurance agents and hospitals. After that the nominee has to fill up the form accurately, fill up the discharge receipt and offer the Xerox of the death certificate. A photocopy of a cancelled cheque needs to be provided or the bank account details should also be given where the savings account is there for covering the PMJJBY. That’s it, nothing else is necessary to do.

Tax Benefits in Jeevan Jyoti Bima Yojana (80C Deduction)

Currently there is no tax benefits (80C) that you can avail of the premium paid in this Jeevan Jyoti Bima Yojana. This is one of the main reason this scheme has not gained much popularity in India. I think Government should consider this.

Also Read

  1. Suraksha Bima Yojana
  2. PM Awas Yojana
  3. PM Kaushal Vikas Yojana
  4. Atal pension Yojana
  5. Jan Aushadhi Scheme


  1. Sir, This premium is monthly OR yearly basis. ? Is this scheme need to be renew every year Or it will auto renew ? The benefits is available only for death or Hospitalization as well?

    Please reply.

    • This premium is yearly basis and auto renew till age of 50. The benefits only available after normal death.

    • Sir mai pradhan mantri jeevan jyoti bima me mai aur patni ke nam se 330 rupiya jama kiya lekin bad me mere personal ploblem ke karan account me nahi rah paya abhi se 10 din pahle mere mobile per message aaya rupiya bharne ke liye sir mai private job karta hu mera payement 15-20 ko milta hai so mai khate me jama kar diya ab mai chah raha tha 330 rupiya yearly kat kar diya jaye aur on line ho jaye sanjeev kumar jha aur patni guriya sanjeev jha sir is bare me jo salah hai wo hindi me batate mujhe english nahi aata aur kuchh behtar ho to bhi please mujhe bataye mai aap ka sada aabhari rahuga

    • Mare pmjjy bandh karvanu che to mare su karvu please

  2. Kotak is also in this scheme i m agent of Kotak Insurance

  3. I already have SBM account and joined Bhema jyothi LIC 2 lac insurance. I can open Lic in 2 lakh Bheema jyothi Pradhan mantri yojan. i am eligible to join the lic policy.

  4. Sir,

    My question is that after paying 2 or 3 years of the premium in Pradhan Mantri Jeevan Jyoti Bima Yojana if my age cross 50 years we have to continue the scheme or we shall drop the scheme

    • pmjandhanyogana

      You can at any point

      • I am the member of pension scheme, is there any certificate issued to each member of the scheme for future claiming the scheme

    • Suryakant Hodage

      If i have complited my age 50 in month of April 2015, Now can I enroll in this jivan jyoti beema yojana

      • the date of birth of my friend 15/05/1965. he has complete the 50 year . Is he eligible of this pradhan mantri jeevan jyoti bima scheme ?

  5. Dear sir,

    I am working in United Arab Emirates. I Have saving account in India, am i eligible for this plan?

  6. I m bit confused this life insurance is for any death ya only for natural death …. and I want to ask if I don’t die after 50 also still my life insurance will be active or not

    • pmjandhanyogana

      PM Jeevan Jyoti Bima scheme is a term insurance for any kind of death. Since this a term insurance so subscriber gets the benefit amound only in case of death.

  7. Dear Sir,

  8. after complete 50 yrs ‘ will jeevan jyoti bima plan cover life..?

  9. Dear Sir,

    If any one has LIC Policy or other bank policy. They can take benefit of Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana.

    Please reply asap.

  10. how many year i pay the amount of Rs.330

  11. my question is
    if i reach 55 years old than after this
    can i get 2 lacks in PM Jeevan Jyoti bima yojana?

  12. rajendra vadher

    Dear Sir,

    if i pay Rs330 for 10 years then don’t want to continue,
    in this case can i return my paid premium with interest or not ?

    • pmjandhanyogana

      no you cannot disconitue APY in between. The only case when this could be terminated would be if you suffer from some serious disease.

  13. dear sir if i got other insurance than l can get Jeeven Jyoti Bima pmjjby…?

  14. Sir, if anyone dies after 55yrs in Pm jeevan Jyoti Bima Yojana, Will they get 2 lakh rs?


  16. I have taken PM Jeevan Jyoti Bima Yojana in HDFC Bank, I have account in SBM also, next year can I change this into SBM ?

  17. How to Apply for the scheme.

  18. Do spouse is considered default nominee and we should propose somebody’s else name in nominee ?

    Please suggest

  19. Dear sir,
    If i’m at the age of 45 n i pay the insurance amount n if i die after 55 years will he get the cash?Or if die before 55 with illness or sudden accident will i get money??
    Please reply.

    Thank you.

  20. My Age is 30. My Question is that. If i will get 55 above then I will get any maturity Value in this Jeevan Joyti Yojana.?

    • pmjandhanyogana

      if you would cross the age of 55 years then you wont get anything

      • Dear sir,
        I have claimed the policy in bank and iam the nomeeni of policy holder my mother when I will recover the money of this policy

  21. please advise how can i get this PM Jeevan Jyoti yojna form

  22. After maturity of policy and still i am alive should i will get any amount against paid amount of rs330 per annum till 55 years of age ?

  23. I am 25years old and unmarried.I’m suffering from Spinalcord injury since last 7 plz tell me I’m eligible this scheme(jevan jyoti bima)???

  24. DEAR SIR,


  25. satish d jambure

    my brother in law ( sister husband ) open jivan joyti n jivan suraksha on 8th of june at maharashatra bank lonavala. Unfortunaltly he expired in accident on 16 June 2015. Claim is submited to bank by what time nominee will get insured amount. To where we have to take follow up.

  26. I enrolled for the PMJJY of premium Rs.330/-. But I do not get any certificate for enrollment number from bank. How can I get the same?

  27. sir, my dad died on 6th of july this year. as he is inrolled under pmjjy. my question is how to claim for the money, the bank official of sbi says they doesn’t know anything regarding this and after so may visit to bank lastly they send me to sbi life office. At sbi life they give me a claim form after having so many arguments. I attached all the required documents like death certificate, pan card, bank pass book photo copy, aadhar card and when i submitted my form they didn’t give me any reciept of receiving it and now after so many days i didn’t know what’s there action on this. They even didn’t contact me after that. I am too fed up. i didn’t know what to do. pls help

  28. By mistake, I have enrolled with this scheme from 2 different bank (SBI & ICICI) with different account number. As per law, it should be reject from one account and my amount should be return back to particular account. How i will able to cancel from one account?

  29. मेरे पापा की मृतु हो गइ 29।08।2015 को प्रधान मंत्री जन धान योजना में खाता खुलवाया गया तो हमें बीमे का लाभ मिल पएंगा सर पिलइस कॉल में

    सिविल लाइन् शाखा
    खंडवा म। प्र

  30. Please provide an application form for PMJJBY thru SBI.

  31. Sir as im from maharastra and now lives in indore..i want to make my driving licence. For tat agent ask for indore address proof but i m not. So he advice to take lic policy…. Is this policy applicable for address proof

  32. Sir/Madam my father has been died on 22-august-2015. So we have already applied for claim but we are not get our claim yet so kindly inform us that under what time period will the claim is received by the nominee. I mean that after completing all the formalities when will the nominee can get the claim.

  33. now my age is 45 . I enrolled for the PMJJY of premium Rs.330/-. But I do not get any certificate for enrollment number from bank. How can I get the same for my future provision or what are the legal document for the same? how long I will pay rs 330 for avail this benefit ?

  34. Dear Sir,

    Can I apply now for PMJJY scheme. As per State bank of india, the scheme is closed. pls confirm

  35. Can it be exempted under IT returns

  36. sir,
    can i apply now for PMJJY scheme till 31.12.2015. please reply.

  37. Sir/ Madam,

    I am joined Rs.330/ for PMJJBY and Rs.12/- for PMSBY but I cannot get any documents. If any thing happens how will my nominee claim? what is the documents/ Certificates will I get? please give reply.

  38. Sir, what do you mean by Normal Death.
    Would cases of death due to heart attack etc would be termed as Normal Death?

  39. Hi Sir / mam,

    I Have two SB Account one in Indian Bank & One in Canara Bank. Through a mess i opted for JJBY through Indian Bank on 04.07.2015, since i did not get any confirm mess of deduction i did one more payment in Canara Bank for the same yogan on 23.07.2015 later on 12.08.2015 there was a deduction in my Indian bank too so now i need to cancel one yogan what is the procedure.

    Kindly guide me sir / mam



  40. Binod Kumar Sahoo

    Dear Sir/Madam,
    After I enrolled for both PMJJY & PMSBY through registered mobile number to ICICI Bank in 2015 May, the below confirmation message was displayed:
    “Your policy certificate will be available online. The details of the website will be shared with you
    soon. Policy certificate shall be available by entering the Savings Account number of the Account
    The policy premium amounts were deducted.
    However the policy certificate document is not available in ICICI Bank’s website.
    Where can we get the certificate/receipt?

  41. Dear Sir
    i have already both the policy I have recd one certificate
    But I have not recd the policy of PM Jeevan Jyoti Bima yojan certificate how to get.
    ThankS & Regards
    NS konar

    • Hi Mr. Konar,
      Can you share that who sent you the policy certificate?
      I will also follow with the same (Bank/Policy Company etc.).

  42. How to collect my PMJJBY Policy document,

    Please reply…..

  43. Hi,

    This query is for my relative who had enrolled for the policy and has demised. They had submitted the form to the SBI bank however bank has not debited the premium amount and I am not getting proper response from the bank officials about the policy no so that I can claim the amount for my relatives family.

    Please help.

    Bank information : SBI BANK KENGERI, BANGALORE
    ACCOUNT NO of the Demised: 20015651957

    I would appreciate if someone can help me in this situation.


  44. Hello Sir,
    I’ve opened sbi bank account 3 days ago, will i be eligible to apply for this ?

    Thanks in advance

  45. hello sir/madam
    I got Pradhan Mantri Suraksha Bima Yojana but ater finished my form i couln’t manage to take out print out of it form. will anyone can suggest me that how can i get it back or any other prof like reference number of my policy.

  46. Please let me know about the claim settlement if a person dies who has been suffering from cancer who has taken the policy?

  47. Hello Sir,
    I paid 330/- and 12/- under sheme PMJDBY, now my right hand fectured..i’m unemloyed…i say to generaly …hard up my these days..
    Is any rule avilable in its polices which as i took some financial benefit from PMJDBY.

  48. Sir , If i will die at 52 years then can my nominee claim for money or firstly nominee have to fill the premium rs 330 till 55 years and then get the insurance money?

  49. Sir I want to exit from the plan of PMJJBY. What steps should I follow??

  50. jeevan jyoti bima 30 se chalo karne ke bad kab tak chalo rakh sakte hai kya wo 50 ke bad bhi chalo rakh sakte hai

  51. Dear sir
    Before nine months I have pay the premiums for PMJJBY but till date I have not received my policy bond please resolve my problems as soon as possible

  52. dear sir,
    i want to withdrawal my name from pmjjby of premium rs330 so please guide me how did i can withdrwal my name.

  53. Dear Sir, I pay premium rs 330 in pmjjy two times in same year by mistake , what solution of this ?

  54. my brother in law takes a policty in rs 330 in start of this scheme that time his age in 45 unfortunately he was died in oct -15. we are also submit all document in bank in nov-15 but bank not given any further information regarding claim bank is saying we are send all policy regarding document to LIC and they given claim but till date nobody bank of lic given any claim and not given any information . sir pls tell us where we go for policy. its truly a very big problem . Modi JI BATAO KYA KARY APKI JONJNA KA.

  55. Sir I do hereby in form you that I enrolled Pradhan Mantri Jeevan Jyoti Bima Yojana and PMSBY in the year of 2015 by the account of two bank i.e. STATE BANK OF INDIA AND UNITED BANK OF INDIA AND I WANT TO also inform you that the BOTH WERE DEBITED FOR PMSBY & PMJJBY FROM MY BOTH ACCOUNT ,

  56. Dear sir
    Before ELEVEN months I have pay the premiums for PMJJBY but till date I have not received my policy bond please resolve my problems as soon as possible

  57. I have join both Schemes announced by PM i.e. Jivan Jyoti and Jivan Suraxa Yojna. I do not want to continue with these schemes. How can i withdraw from auto renewal of these schemes.. plz guide.

  58. how I get insurance claim …before 6-7 mnths my father was expire … .. but until the claim forms are not available in banks…. plz help me sir

  59. Sir, i am 29 now. Last year im in gulf.. I don’t know about this 330 scheme pmjjby… Now i m in india. Can I apply for Now…..

  60. my mom died at rail accident . she did 2 insurence policy . 330 rupees and 12 rupees . can i claim for 2 insurences . bank name vijaya bank .

  61. Dear Sir !

    Last year i.e. 2015 i took prime minister’s jeevan jyoti bima yojana policy through IDBI BANK – KAKINADA BRANCH through auto debit facility. Recently i closed my idbi bank account.

    From this year i.e. 2016 onwards i wish to join in jeevan jyoti bima yojana policy through my SBI BANK ACCOUNT through auto debit facility.

    Wheather i elgible for that or not ?

    Please kindly reply me.

  62. Dear Sir/Mam,

    Kindly help me , how to change my nominee name in this PMJJBY , as my account details of some others person details.

  63. Prasad Rao Makuloor

    I have paid my amount through my ICICI Bank Account and today I got this year renewal amount remainder for PM Jeevanjyothi and Suraksha but still I have not received any Certificates related to this both Bimas, Request you to guide how to get certificates.

  64. Sir how can cancel my PMJJBY in any one dana bank or SBI Patiala bank.As it is duplicate in 2 bank.

  65. Pradhan mantri yojana 330.
    55 age tak may payment karu aur me 55 age honebhad bhi mera death nahi huva too tab muje mera insurence amount de sakate hai. a sirf mar ne ke liye senior citizen honeke bad zarrorat padegina.

  66. My wife has both schemes but in her before marriage name now since we have changed her name in aadhaar card & pan via Gazette process. We want to know how can we alter her name in both scheme. Fyi… Her bank account name is successfully changed. Plz suggest if any rectification form available.

  67. Is PMJJBY Scheme countinues for 2018-19. any changes in the rules

  68. I have enrolled at the time of announcement for PM Jeeen Jyoti Bima Yojana in PNB, but recently we closed our account on 18/04/2018, due to one more old account operated in Indian Bank.
    Kindly a favor to let me know the procedure to enrolled once again for allowing to deduct annual premium from my Indian bank account only.
    Awaiting your early response it would be highly appreciated.
    Thanks & regards,
    SURESH R GOLE 9372911699

  69. Ronak vaghasiya

    How can i cancel pm jeevan bima yogana?plz help

  70. Nawal Kishore Gangwar

    How to take print of payment of receipt?




  72. If you have proof of deductions, you can ask Bank to give you the policy number. And download the document from the bank website. This download is available with ICICI Bank but I am not aware of other banks. But definitely there will be a provision for download with other banks also

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