Pradhan Mantri Jeevan Jyoti Bima Yojana – Eligibility, Period, Benefits

Pradhan Mantri Jeevan Jyoti Bima Yojana – Eligibility, Period, Benefits – Complete Details. Union budget for the financial year 2015-16 has brought several social security schemes including different types of insurance schemes with very nominal premium which aim to encourage the common man to get an insurance . Pradhan Mantri Jeevan Jyoti Bima Yojana is one of such low-premium insurance scheme which provides life insurance cover of Rs.2 lakhs for one year and subscribers shall be required to renew it every year. Now you can scroll down below and check complete details regarding “Pradhan Mantri Jeevan Jyoti Bima Yojana – Eligibility, Period, Benefits”


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The scheme is a one year cover, renewable from year to year, This is one of the best low premium Insurance Scheme offering life insurance cover for death due to any reason.

Eligibility :

1.Age limit :

Pradhan Mantri Jeevan Jyoti Bima Yojana is available for the individuals who are in the age group of 18 years to 50 years.
If the account is opened before attaining the age of 50 years, the life cover would remain be in force to the age of 55 years, if premium is paid regularly.

2.Bank account :

They should have savings bank account for subscribing to this scheme.


One should not be insured under Pradhan Mantri Suraksha Bima Yojana under any other Savings Bank Account. In case the same is found to exist, premium shall stand forfeited and no claims would be paid.

Period of Enrollment :

The Life Cover will be on launch for the cover period 1st June 2015 to 31st May 2016, subscribers will be required to enroll and give their auto-debit consent by 31st May 2015. Late enrollment for prospective cover will be possible up to 31st August 2015, which may be extended by Govt. of India for another three months, i.e. up to 30th of November, 2015. Those joining subsequently may be able to do so with payment of full annual premium for prospective cover, with submission of a self-certificate of good health in the prescribed proforma.

Nomination :

Nominee name is to be given at the time of subscription along with relationship. In case the nominee is a minor or any person who is unsound, then the name of the guardian is also should be given.

Premium :

Premium amount is Rs.330/- per annum per member. The premium will be deducted from the account holder’s savings bank account through ‘auto debit’ facility in one installment, as per the option given, on or before 31st May of each annual coverage period under the scheme.

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Delayed enrollment :

Delayed enrollment for prospective cover after 31st May is also possible with full payment of annual premium and submission of a self-certificate of good health. The premium would be reviewed based on annual claims experience.

Benefits :

Sum Assured ofRs.2,00,000 on death of the Insured member for any reason is payable to the Nominee. No claim is admissible for deaths during the first 45 days from the entry date, except for cases of death due to accident.

The cover is subject to following exclusions of the policy.


Intentional self injury, suicide or attempted suicide whilst under the influence of intoxication liqour or drugs, Any loss arising from an act made in breach of law with or without criminal intent.

Termination :

coverage under Pradhan Mantri Jeevan JyotiBima Yojana will be terminated in any of the following instances:

1.Insufficient bank balance to pay the annual premium.

2.On attaining the age of 55 years.

Download Application Forms

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Bangla (বাংলা)Click here to Download
English (English)Click here to Download
Gujarati (ગુજરાતી)Click here to Download
Hindi (हिन्दी)Click here to Download
Kannada (ಕನ್ನಡ)Click here to Download
Marathi (मराठी)Click here to Download
Odia (ଓଡ଼ିଆ)Click here to Download
Tamil (தமிழ்)Click here to Download
Telugu (తెలుగు)Click here to Download

Download Claim Forms

Language Download Now
English (English)Click here to Download
Hindi (हिन्दी)Click here to Download

Contact Details

The official website of the scheme is Toll-Free – 1800-180-1111 / 1800-110-001  and  StateWise Toll free number  are listed in this document Statewise Toll-Free (pdf)

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One comment

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