PM Jeevan Jyoti Bima Yojana (Life Insurance)

What is it

A very low-cost life insurance cover, so your family receives money if something happens to you.

Am I eligible

You can join if you are between 18 and 50 years old and have a bank or post office savings account. Once you join, the cover can continue up to age 55 as long as you keep paying the yearly premium.

What you get

Life cover of ₹2 lakh paid to your family (your nominee) if you pass away for any reason, for a premium of ₹436 a year. It is a one-year cover that renews every year.

Documents needed

Tick off what you have. Use “Download checklist” to print a clean list to carry.

How to apply

1. Go to the bank or post office where you have a savings account.
2. Ask to enrol in PM Jeevan Jyoti Bima Yojana and fill the consent form (you can also enrol through net banking).
3. Name the family member who should receive the money (your nominee).
4. Allow the ₹436 yearly premium to be auto-debited and keep the acknowledgement safe.

Official link

Last verified: 2026-07-18