Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is one of the social security schemes of the Government of India. It has been providing affordable life insurance protection to crores of people across the country. In this blog, we have provided all the details including features of the Pradhan Mantri Jeevan Jyoti Bima Yojana, benefits, and more.
When was PMJJBY started?
PMJJBY was launched on 9th May 2015 by Prime Minister Narendra Modi in Kolkata. The scheme was introduced with the aim of offering affordable life insurance cover to a large section of the Indian population, especially those from low-income and vulnerable groups.
How many years has PMJJBY completed?
As of May 2025, PMJJBY has completed 10 successful years of providing financial protection to families. Over this decade, the scheme has grown into one of the largest life insurance programmes in the world in terms of enrolments.
What is the purpose of PMJJBY?
The main purpose of PMJJBY is “Securing the Unsecured.” It provides an easy and low-cost life insurance cover that ensures financial assistance to the family of the policyholder in case of unfortunate death. This helps in reducing financial stress on families during difficult times.
Who can join PMJJBY?
The details of the persons who can enroll themselves in the PMJJBY scheme are as follows:
- Any individual aged 18 to 50 years can enrol.
- The person must have a savings bank or post office account in a participating institution.
- The insurance cover can be renewed up to the age of 55 years if enrolled earlier.
- A person can join the scheme only through one bank or post office account, even if they have multiple accounts.
What is the coverage period under PMJJBY?
The scheme provides coverage for one year at a time. The insurance period runs from 1st June to 31st May of the following year. Subscribers need to renew every year by ensuring that their premium is auto-debited from their account.
What are the benefits of PMJJBY?
The details of the benefits provided under the PMJJBY scheme are as follows:
- Life Insurance Cover: A sum assured of ₹2,00,000 is provided to the nominee in case of the subscriber’s death due to any reason.
- Low Premium: The premium is just ₹436 per year, which means less than ₹2 per day.
- Financial Security: It helps families cope with the sudden loss of the earning member.
- Nationwide Reach: Available through banks, post offices, and insurance companies like LIC and other approved insurers.
What is the premium payment process?
The annual premium of ₹436 is auto-debited from the subscriber’s bank or post office account in one instalment. Enrolments can also be made later in the year with pro-rata premiums:
- June to August: ₹436
- September to November: ₹342
- December to February: ₹228
- March to May: ₹114
How many people have enrolled under PMJJBY?
Till 23rd April 2025, PMJJBY has achieved:
- Over 23.63 crore cumulative enrolments
- 10.66 crore female subscribers
- 7.08 crore enrolments from Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders
This wide participation shows the trust and acceptance of the scheme among citizens.
How much has been paid under PMJJBY so far?
As of April 2025, PMJJBY has provided financial relief worth ₹18,397.92 crore to the families of 9,19,896 subscribers. This highlights the scheme’s real impact in supporting families during tough times.
Why is PMJJBY important for India?
India has a huge population that was earlier outside the reach of insurance services. PMJJBY has helped bridge this gap by making life insurance accessible and affordable. The scheme promotes financial inclusion, ensures social security, and creates a safety net for millions of households.
What are the key highlights of PMJJBY after 10 years?
The key highlights under the PMJJBY scheme are as follows:
- Affordable premium of just ₹436 per year.
- Life cover of ₹2 lakh for death due to any reason.
- Over 23 crore enrolments since launch.
- Claims of nearly ₹18,398 crore settled up to April 2025.
- Strong support through digitisation with the Jan Suraksha Portal for easy enrolment and claims.
Pradhan Mantri Jeevan Jyoti Bima Yojana is more than just an insurance policy it is a lifeline for millions of families. By providing financial security at such a low premium, it truly fulfils the vision of “Securing the Unsecured.” As the scheme marks 10 years of success, it continues to stand as a pillar of social security in India, bringing protection, dignity, and peace of mind to people across the country.
MCQs on Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
1. When was PMJJBY launched?
a) 15 August 2014
b) 9 May 2015
c) 1 January 2016
d) 2 October 2015
2. Who launched PMJJBY?
a) Arun Jaitley
b) Nirmala Sitharaman
c) Narendra Modi
d) P. Chidambaram
3. What does the third “J” in PMJJBY stand for?
a) Jan
b) Jeevan
c) Jivan Jyoti
d) Jagruk
4. What is the full form of PMJJBY?
a) Pradhan Mantri Jeevan Jyoti Bachat Yojana
b) Pradhan Mantri Jeevan Jyoti Bima Yojana
c) Pradhan Mantri Jan Jeevan Beema Yojana
d) Pradhan Mantri Jagruk Bachat Yojana
5. What is the age limit for enrolling in PMJJBY?
a) 21–60 years
b) 18–50 years
c) 25–55 years
d) 18–65 years
6. Up to what age can the cover be renewed after joining?
a) 55 years
b) 60 years
c) 65 years
d) 50 years
7. What is the annual premium for PMJJBY?
a) ₹330
b) ₹500
c) ₹436
d) ₹250
8. What is the sum assured under PMJJBY?
a) ₹1,00,000
b) ₹1,50,000
c) ₹2,00,000
d) ₹5,00,000
9. How is the premium collected from subscribers?
a) By cash deposit
b) By cheque
c) By auto-debit from bank/post office account
d) By demand draft
10. What is the coverage period of PMJJBY?
a) April 1 – March 31
b) January 1 – December 31
c) June 1 – May 31
d) July 1 – June 30
11. What is the lien period for new enrolments under PMJJBY?
a) 15 days
b) 30 days
c) 60 days
d) 90 days
12. Which organisation administers PMJJBY?
a) State Bank of India only
b) Life Insurance Corporation of India (LIC) and other approved insurers
c) Reserve Bank of India
d) Ministry of Finance directly
13. Can an individual enrol through multiple bank accounts?
a) Yes
b) No
c) Only in two accounts
d) Only if banks are different
14. What type of cover does PMJJBY provide?
a) Accident insurance only
b) Health insurance
c) Life insurance
d) Pension cover
15. Which Ministry oversees PMJJBY?
a) Ministry of Labour & Employment
b) Ministry of Home Affairs
c) Ministry of Finance
d) Ministry of Rural Development
16. As of April 2025, how many cumulative enrolments were recorded under PMJJBY?
a) 10 crore
b) 15 crore
c) 23.63 crore
d) 30 crore
17. As of April 2025, how much amount had been paid in claims under PMJJBY?
a) ₹5,000 crore
b) ₹10,000 crore
c) ₹18,397.92 crore
d) ₹20,000 crore
18. How many claims were settled under PMJJBY up to April 2025?
a) 5 lakh
b) 7.5 lakh
c) 9.19 lakh
d) 12 lakh
19. PMJJBY provides cover for death due to:
a) Accident only
b) Natural causes only
c) Any reason
d) Critical illness only
20. Which digital platform was launched for easy enrolment and claim settlement of Jan Suraksha schemes including PMJJBY?
a) Jan Samriddhi Portal
b) Jan Suraksha Portal
c) Jan Jeevan Portal
d) Bharat Bima Portal
Answer Key
| Answer | Answer | Answer | Answer |
| 1. b | 6. a | 11. b | 16. c |
| 2. c | 7. c | 12. b | 17. c |
| 3. b | 8. c | 13. b | 18. c |
| 4. b | 9. c | 14. c | 19. c |
| 5. b | 10. c | 15. c | 20. b |
FAQs
PMJJBY is a government-backed life insurance scheme that provides ₹2 lakh cover at a low annual premium of ₹436.
The scheme was launched on 9 May 2015 by Prime Minister Narendra Modi.
The scheme provides a life cover of ₹2,00,000 to the nominee in case of the subscriber’s death due to any reason.
By April 2025, claims worth over ₹18,397 crore have been settled for more than 9.19 lakh families.
The insurance cover is valid from June 1 to May 31 of the following year.
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