PMJJBY Scheme: Secure ₹2 Lakh Life Cover With Zero Medical Tests

In today’s uncertain times, financial protection is no longer optional, it’s essential. The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) offers a simple and affordable way to secure your family’s future. With an annual premium of just ₹436, this government-backed scheme provides ₹2 lakh life insurance coverage, ensuring peace of mind for you and financial support for your loved ones.

Guaranteed Life Cover for Any Cause

PMJJBY is a one-year term life insurance scheme that offers coverage in case of death due to any reason, whether it’s illness, accident, or natural causes. If the insured person passes away, the entire ₹2 lakh amount is directly credited to the nominee’s bank account, ensuring quick financial assistance when it’s needed most.

Who Can Join the Scheme

Indian citizens aged 18 to 50 years can easily enroll in PMJJBY. Having a bank or post office account is mandatory. Even NRIs are eligible, as long as they maintain an active bank account in India. Once enrolled before turning 50, the policy can be renewed every year until the age of 55.

Low-Cost Premium with Tax Benefits

One of the biggest advantages of PMJJBY is its affordability. The ₹436 premium is auto-debited annually, making the process hassle-free. Subscribers can also enjoy tax benefits under Section 80C of the Income Tax Act. Those joining mid-year are required to pay a proportionate premium, keeping the scheme flexible.

Easy Application, No Medical Tests

Applying for PMJJBY is quick and straightforward. You can enroll through bank branches, post offices, internet banking platforms, or mobile apps. Only basic KYC documents like Aadhaar are needed, and there is no medical examination, making it accessible to a wide range of people.

Simple Renewal and Continuous Coverage

The policy runs from June 1 to May 31 each year and can be renewed annually through auto-debit. As long as the premium is paid on time, coverage continues smoothly, offering long-term financial security at a minimal cost.

PM Jeevan Jyoti Bima Yojana proves that life insurance doesn’t have to be expensive or complicated. With minimal paperwork, low premiums, and guaranteed benefits, it’s a smart step toward protecting your family’s future.



Disclaimer

: Scheme details are subject to change. Please verify the latest information on the official website before making any decision. NewsPoint is not responsible for any updates or errors.