Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Central Scheme (All India)
Finance
Application Mode: MIXED
Active
Quick AI Summary
One-year life insurance scheme renewable from year to year offering life insurance cover for death due to any reason.
Detailed Summary
PMJJBY provides life insurance cover of Rs. 2 Lakhs to bank account holders who consent to join and enable auto-debit of premium.
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits | - Rs. 2 Lakhs life insurance cover for death due to any reason. - Low annual premium of Rs. 436 auto-debited from bank account. |
Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| age min | >= 18 |
| age max | <= 50 |
| state id | = 3 |
Application Process Guide
- Submit consent form to the bank branch holding your savings account or apply through net banking.