PMJJBY 2024: PM Jeevan Jyoti Bima Yojana 2024 Online Apply

PMJJBY 2024: The PM Jeevan Jyoti Bima Yojana (PMJJBY) is a life insurance scheme that is renewed annually and offers ₹2,00,000 in coverage in the case of the policyholder’s death It is extremely affordable, with an annual premium of just ₹330.

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It aims to provide life insurance benefits to the majority of the population, especially the impoverished and economically weaker sections. It also provides families with financial stability in the event of unanticipated events.

PMJJBY 2024 Scheme Details

A brief overview of the Pradhan Mantri Jeevan Jyoti Bima Yojana is provided here :

Scheme NamePradhan Mantri Jeevan Jyoti Bima Yojana Scheme
Launch Date1st June 2015
CoverageGive people the benefit of affordable life insurance for financial stability.
PremiumRs. 330/- 
EligibilityPeople with an active savings bank account who are between the ages of 18 and 50 Years.
Sum AssuredRs. 2 lakhs
Enrollment ProcessVisit participating bank branch, Fill the applicationGive your permission for an auto debitKeep your balance up to date.
Renewable PolicyThe coverage may be renewed every year up until the policyholder turns 55 Years
BenefitsFinancial security, easy enrollment, renewable policy.

What is the PMJJBY Scheme?

The government introduced PMJJBY 2024, a life insurance program that provides coverage for a reasonable yearly price. This program recognizes that standard life insurance may be too expensive for families that are struggling financially.

In order to tackle this problem, the Indian government launched the PMJJBY program, which aims to provide access to life insurance for people from a variety of financial backgrounds.

PMJJBY 2024 Premium

The premium will decrease based on the number of months left in the insurance term if you purchase the coverage after May. The pro-rata premium, depending on the month of policy acquisition, is displayed in the table below.

MonthsPremium payable
June, July and AugustRs. 436 (Full premium)
September, October and NovemberRs. 342
December, January and FebruaryRs. 228
March, April and MayRs. 114

PMJJBY 2024 Scheme Features

The features of the PMJJBY are listed below:-

Sum Assured on Demise: 

A sizable sum payment of Rs. 2 lakhs will be paid to the nominee that the insured named when acquiring the policy, in the sad event of the policyholder passing away.

Annual Coverage Period: 

Coverage under the policy is for a full year, starting on June 1st of the current year and ending on May 31st of the following year. In addition, the policy has an option for yearly renewal, which allows benefits to continue until the policyholder is 55 years.

Automated Premium Payment:

Automatic premium deduction is guaranteed by the policy, which is seamlessly integrated with your bank account. There will be just one yearly auto-debit transaction between May 25 and May 31.

Aadhaar Card Verification: 

Your Aadhaar card is the most important document to have for the required KYC verification process.

Aadhaar Card Verification: 

Your Aadhaar card is the most important document to have for the required KYC verification process.

PMJJBY 2024 Eligibility Criteria- 

The qualifying criteria for using the PMJJBY policy are as follows :

  • To be eligible to apply for this coverage, you have to be between the ages of 18 and 50. Still, coverage often lasts until the age of 55.
  • In order for the policy premium to be automatically deducted from your bank or post office account, you must have an Aadhar card for KYC verification.

PM Jeevan Jyoti Bima Yojana Launch Date

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 2024 was launched on 1 June 2015. This life insurance scheme is renewed annually and offers an insurance cover of ₹2,00,000 in the event of death to certified bank account holders.

Its objective is to provide life insurance benefits to the majority of the public, especially the economically weaker sections, thereby providing financial stability to their families in case of unexpected events.

Documents Required for PMJJBY 2024

  • Aadhar Card
  • Bank Account Number
  • Age Verification
  • Application Form

PMJJBY 2024 Status Check Online

The methods listed below can be used to verify the status of your PMJJBY Policy Online

Step 1: Visit your official website bank to log in to your online banking account.

Step 2: Locate and input your bank account number in the PMJJBY area.

Step3: To check the progress of your application, enter your PMJJBY application number and click submit.


A wide spectrum of people can obtain life insurance through PMJJBY 2024, which is accessible and reasonably priced, giving policyholders and their families financial stability. It makes it simpler for qualified people to enroll and obtain coverage by streamlining the insurance application process.

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