Grab 2 Government Life Insurance Policies for Only ₹456 - Check Benefits Now

Looking for affordable ways to protect your family financially? The central government offers two simple insurance schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), that cover millions of Indians at a minimal cost. Together, they cost just Rs 456 per year and provide a safety net in case of unforeseen events.

1. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

• Premium: Rs 436 per year
• Age Limit: 18-50 years (renewable up to 55 years)
• Coverage: Rs 2 lakh for nominee in case of death (natural, accidental, or pandemic)
• Term: June 1 to May 31 every year

PMJJBY is a term insurance scheme , so no refund is given if the policyholder survives the year. Required documents include Aadhaar, PAN, passport-size photo, mobile number, and bank account details.

2. Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Premium: Rs 20 per year
Age Limit: 18–70 years
Coverage:

• Death or total disability: Rs 2 lakh
• Partial permanent disability: Rs 1 lakh

PMSBY protects families against accidental deaths. The premium is auto-debited from your savings account before June 1 every year. You can register via any savings bank account, but only one account per person is allowed.

Why These Schemes Matter

For just Rs 456 a year, these schemes provide significant financial security, particularly for middle and lower-income families. They offer a safety net in sudden accidents or untimely death and have proven to be a lifeline for crores of beneficiaries. In fact, 52% of PMJJBY beneficiaries are women, highlighting its wide reach.

How to Register

• Online: Through your bank’s internet banking or mobile app
• Offline: Visit your nearest bank branch and submit the form

Both schemes run from June to May and require yearly renewal. Make sure your bank account has sufficient funds to cover the premium.

With such minimal investment, PMJJBY and PMSBY can offer peace of mind and financial security for your loved ones in times of need.