This Scheme was first published on “Press Information Bureau, Government Of India” website and for more info, you can visit “Press Information Bureau, Government Of India” website.

Pradhan Mantri Jeevan Jyoti Bima Yojana - Pradhan Mantri Jeevan Jyoti Bima Yojana is a social security schemes that the government of India had announced in the 2015 Budget. Eligibility for Pradhan Mantri Jeevan Jyoti Bima Yojana: Available to all Indian people in the age group of 18 to 50 and having a bank account. People who join the scheme before completing 50 years can, however, continue to have the risk of life cover up to the age of 55 years subject to payment of premium. Premium for Pradhan Mantri Jeevan Jyoti Bima Yojana: Rs.330 per annum. It will be auto-debited in one instalment. Premium Payment Mode for Pradhan Mantri Jeevan Jyoti Bima Yojana: The payment of premium will be directly auto-debited by the bank from the subscribers account. Risk Coverage for Pradhan Mantri Jeevan Jyoti Bima Yojana: Rs.2 Lakh in case of death for any reason. Terms of Risk Coverage for Pradhan Mantri Jeevan Jyoti Bima Yojana: A person has to opt for the scheme every year. He can also prefer to give a long-term option of continuing, in which case his account will be auto-debited every year by the bank.

Who will implement the Pradhan Mantri Jeevan Jyoti Bima Yojana?: The scheme will be offered by Life Insurance Corporation and all other life insurers who are willing to join the scheme and tie-up with banks for this purpose.

Government Contribution for Pradhan Mantri Jeevan Jyoti Bima Yojana : (i) Various other Ministries can co-contribute premium for various categories of their beneficiaries out of their budget or out of Public Welfare Fund created in this budget out of unclaimed money. This will be decided separately during the year. (ii) Common Publicity Expenditure will be borne by Government.

Application forms for this scheme is available on the following link: http://www.jansuraksha.gov.in/Forms-PMJJBY.aspx For more details, please visit the following website: http://www.jansuraksha.gov.in/