Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a flagship government-backed life insurance scheme launched to provide affordable financial protection to citizens of India. For just ₹436 per year, this scheme offers life cover of ₹2 lakh in case of the policyholder’s death (natural or accidental) during the policy term.
In this post, you’ll learn:
✅ What is PMJJBY and why it was launched
✅ Annual premium, sum assured, and key features
✅ Eligibility criteria and age limit
✅ How to apply for PMJJBY through your bank
✅ Claim process and renewal steps
This is one of the most affordable ways to secure your family’s future with government-supported life insurance coverage.