IndiaBanks.org · independent research

Insurance

Pradhan Mantri Jeevan Jyoti Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana is a govt. backed life insurance policy in India. Learn about this scheme and its eligibility criteria from the Bank of Baroda. Apply now!

Policy typeGovernment-backed one-year renewable group term-life scheme providing a death benefit.InsurerLIC or another insurer appointed by the participating bank; the Bank of Baroda page does not name one exclusive insurer for every account holder.Sum insured / cover₹2,00,000 payable on death from any cause, subject to the scheme’s initial lien and duplicate-account rules.
Official product page ↗Compare category

Quick eligibility check

Pradhan Mantri Jeevan Jyoti Bima Yojana

0 of 3 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: 18–50 years for savings-bank account holders who consent to join and enable the annual auto-debit?

Published source: Entry age

2Document checkDo you have at least one of these required documents: Prescribed enrolment form, auto-debit authorisation or consent-cum-declaration form retained by the participating bank/Post Office; LIC or the insurer may request it for a claim?

3Document checkDo you have at least one of these required documents: Claim documents requested by LIC or the appointed insurer to validate the death and nominee/beneficiary claim?

0 of 3 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Policy typeGovernment-backed one-year renewable group term-life scheme providing a death benefit.View source
The government describes as a renewable life-insurance scheme with a death benefit and annual cover period.
Source
on Pradhan Mantri Jeevan Jyoti Bima Yojana ()
Page / section
Pages 1–3, scheme description and coverage year
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
InsurerLIC or another insurer appointed by the participating bank; the Bank of Baroda page does not name one exclusive insurer for every account holder.View source
The refers to or an insurer appointed by the participating bank; it does not establish a single exclusive provider for all Bank of Baroda enrolments.
Source
on Pradhan Mantri Jeevan Jyoti Bima Yojana ()
Page / section
Pages 2–3, participating insurer and claim administration
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Sum insured / cover₹2,00,000 payable on death from any cause, subject to the scheme’s initial lien and duplicate-account rules.View source
The current product page states a ₹2,00,000 life-insurance benefit on death due to any cause, subject to scheme conditions.
Source
Pradhan Mantri Jeevan Jyoti Bima Yojana — Bank of Baroda official product page
Page / section
Benefits and sum assured
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Entry age18–50 years for savings-bank account holders who consent to join and enable the annual auto-debit.View source
The scheme sets the joining age at 18–50 years for eligible savings-account holders.
Source
on Pradhan Mantri Jeevan Jyoti Bima Yojana ()
Page / section
Pages 1–2, eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Policy term1 June to 31 May of the following year; renewable annually while scheme eligibility and premium debit continue.View source
The specifies the annual 1 June–31 May cover period and annual renewal.
Source
on Pradhan Mantri Jeevan Jyoti Bima Yojana ()
Page / section
Pages 1–3, cover period and renewal
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Premium₹436 per year, collected by auto-debit. Late-year enrolment uses the published pro-rata amounts of ₹342, ₹228 or ₹114 for the applicable remaining cover period.View source
The official scheme and Bank of Baroda schedule publish the annual ₹436 premium and the pro-rata amounts for later enrolment windows.
Source
on Pradhan Mantri Jeevan Jyoti Bima Yojana ()
Page / section
Pages 1–2, premium and pro-rata enrolment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
CoverageLife insurance benefit payable on death from any cause, with a 30-day initial lien for non-accidental death after new enrolment; cover is subject to one-account auto-debit and scheme conditions.View source
The official terms describe death benefit, lien and single-account auto-debit conditions.
Source
Pradhan Mantri Jeevan Jyoti Bima Yojana
Page / section
Overview /
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Initial lien / waiting conditionA 30-day initial lien applies after new enrolment: no claim is admissible for death during the first 30 days from commencement of risk, except where the cause of death is accidental. The lien does not apply on subsequent renewals.View source
The states that assurances are subject to an initial lien of 30 days, with no claim admissible for deaths during the first 30 days except death due to accident; no lien applies on subsequent renewals.
Source
Pradhan Mantri Jeevan Jyoti Bima Yojana — Bank of Baroda official product page
Page / section
Most Important Terms and Conditions — initial lien
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Exclusions and benefit conditionsThe scheme covers death due to any cause, including natural calamities, suicide and murder. The specific non-payment condition is the 30-day lien for a first-time or rejoining subscriber: death other than by accident during the first 30 days from enrolment is not payable. There is no maturity benefit or surrender value because PMJJBY is pure term insurance; duplicate-account enrolment is restricted to one ₹2,00,000 cover and duplicate premiums may be forfeited.View source
The full six-page states that covers death due to any reason, including suicide/murder, but excludes non-accidental death during the first 30 days for new or rejoining subscribers; it also confirms no maturity or surrender value.
Source
— Department of Financial Services official
Page / section
pages 1–4 — , Q7–Q10, Q17 and Q19
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Enrolment and paymentEligible individual or joint account holders join through one participating bank/Post Office account by submitting the prescribed consent and enabling one-installment auto-debit. Cover runs from 1 June to 31 May and can be renewed annually.View source
The limits enrolment to one account, specifies auto-debit, the 1 June–31 May cover year and annual renewal, and identifies the prescribed forms retained by the participating bank/Post Office.
Source
on Pradhan Mantri Jeevan Jyoti Bima Yojana ()
Page / section
Pages 1–3, questions 3, 5–8 and 11
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
When cover endsCover terminates or is restricted when the member reaches age 55, the linked account is closed or lacks sufficient balance, or multiple-account enrolment results in duplicate premium debit. Duplicate cover is restricted to ₹2 lakh and duplicate premium may be forfeited.View source
The lists age 55, account closure/insufficient balance and duplicate-account enrolment as termination or restriction events.
Source
on Pradhan Mantri Jeevan Jyoti Bima Yojana ()
Page / section
Page 3, question 10
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Claim documentationThe participating bank/Post Office retains the enrolment, auto-debit authorisation or consent-cum-declaration form, and LIC or the appointed insurer may request that form for claim processing or at any time.View source
The explicitly identifies the retained enrolment/auto-debit/consent form and says the insurer may seek it in a claim.
Source
on Pradhan Mantri Jeevan Jyoti Bima Yojana ()
Page / section
Page 3, question 11
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Life insurance benefit payable on death from any cause, with a 30-day initial lien for non-accidental death after new enrolment
  • cover is subject to one-account auto-debit and scheme conditions.

Documents the bank lists

  • Prescribed enrolment form, auto-debit authorisation or consent-cum-declaration form retained by the participating bank/Post Office; or the insurer may request it for a claim
  • Claim documents requested by or the appointed insurer to validate the death and nominee/beneficiary claim

Related official documents

Pradhan Mantri Jeevan Jyoti Bima Yojana — Bank of Baroda official product pageofficial-product-page · current · accessed 29 Aug 2026
↗
Pradhan Mantri Jeevan Jyoti Bima Yojana — Department of Financial Servicesofficial-government-scheme-page · current · accessed 1 Oct 2026
↗
PMJJBY — Department of Financial Services official FAQofficial-government-pdf · current · accessed 29 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Life-cover needs estimate

See whether your current cover and savings may leave a gap for your family. This does not calculate an insurance premium.

Possible cover gap₹1,15,00,000one crore fifteen lakh rupees
Income your family may need₹1,00,00,000one crore rupees
Cover and savings already counted₹5,00,000five lakh rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Life cover · Amount or condition₹2,00,000 on death due to any cause, subject to scheme terms and the initial lien

This value is copied from — published premium and cover schedule. Check the table notes before relying on it.

Source: Pradhan Mantri Jeevan Jyoti Bima Yojana — Bank of Baroda official product page · Features — Eligibility, Policy period, Premium and Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 10 rows · 2 columnsPMJJBY — published premium and cover scheduleRows transcribed from the current Bank of Baroda PMJJBY overview and features sections.View tableHide table

Scroll sideways to view every column

PMJJBY — published premium and cover schedule
Published itemAmount or condition
Life cover₹2,00,000 on death due to any cause, subject to scheme terms and the initial lien
Entry age18–50 years for savings-bank account holders
Renewal / termination ageAnnual renewal can continue until age 55, subject to the scheme rules
Policy period1 June to 31 May of the subsequent year; renewable annually
Annual premium₹436 by auto-debit
Enrolment in June–August₹436
Enrolment in September–November₹342 (three quarters at ₹114)
Enrolment in December–February₹228 (two quarters at ₹114)
Enrolment in March–May₹114 (one quarter)
Initial lien30 days for new enrolment; exception for accidental death; no lien on subsequent renewals
  • The page says exclusions and other details are in the master policy; those terms are not reproduced here.
Pradhan Mantri Jeevan Jyoti Bima Yojana — Bank of Baroda official product page · Features — Eligibility, Policy period, Premium and · accessed 29 Aug 2026Open official source ↗
Table 2 · 11 rows · 2 columnsPMJJBY — FAQ premium, lien and benefit conditionsConditions and premium appropriation transcribed from the six-page official Department of Financial Services FAQ.View tableHide table

Scroll sideways to view every column

PMJJBY — FAQ premium, lien and benefit conditions
ConditionPublished rule
Death benefit₹2,00,000 on subscriber's death due to any cause
Annual premium₹436 per subscriber by one-installment auto-debit
Pro-rata first enrolment₹436 June–August; ₹342 September–November; ₹228 December–February; ₹114 March–May
EligibilityIndividual single or joint account holder aged 18–50; one participating bank/post-office account only
Policy periodOne year from 1 June to 31 May; renewable annually
Risk startDate of auto-debit for first-time, delayed or rejoining subscribers
Initial lienFirst 30 days: non-accidental death is not payable; accidental death is not subject to the lien
Natural calamity / suicide / murderDeath from each is covered under the scheme's any-cause wording
TerminationAge 55, account closure/insufficient balance, or duplicate-account enrolment; duplicate cover is restricted to ₹2,00,000
Maturity / surrenderNo maturity benefit or surrender value; pure term insurance
Insurer administration or another approved life insurer selected by the participating bank; bank/post office is master policyholder
  • The page lists IndiaFirst Life as its insurance partner. The government confirms that participating banks may appoint an approved life insurer, so the administering insurer can vary by bank and scheme year.
— Department of Financial Services official · pages 1–4 · accessed 29 Aug 2026Open official source ↗
Table 3 · 6 rows · 2 columnsPMJJBY — benefit and premium scheduleDepartment of Financial Services FAQ amounts and first-time enrolment pro-rata premiums.View tableHide table

Scroll sideways to view every column

PMJJBY — benefit and premium schedule
ItemPublished amount or rule
Death benefit₹2,00,000 for death due to any cause, subject to the first-30-day lien for non-accidental death on new enrolment
Annual premium₹436 per subscriber by auto-debit
September–November first enrolment₹342 pro-rata premium
December–February first enrolment₹228 pro-rata premium
March–May first enrolment₹114 pro-rata premium
EligibilityParticipating individual account holders aged 18–50; renewal continues to age 55
on Pradhan Mantri Jeevan Jyoti Bima Yojana () · Pages 1–3, questions 1, 2, 5, 6 and 10 · accessed 31 Aug 2026Open official source ↗
Table 4 · 4 rows · 5 columnsPMJJBY — first-year premium and appropriation scheduleCurrent government schedule for full-year renewals and first-time mid-policy enrolment; commission and administration amounts are shown separately from the member premium.View tableHide table

Scroll sideways to view every column

PMJJBY — first-year premium and appropriation schedule
Enrolment timingMember premiumInsurer premium/agent commission (new enrolments)Bank administration expenses
June–August (full year)₹436₹395₹30₹11
September–November₹342₹309₹22.50₹10.50
December–February₹228₹206₹15₹7
March–May₹114₹103₹7.50₹3.50
  • The pro-rata amounts apply to first-time enrolment during the corresponding remaining policy-period quarter; full ₹436 is due at each annual renewal.
  • /agent commission is for new enrolments only. For voluntary electronic enrolment, saved commission is passed to the subscriber by reducing the insurer-premium component; the page does not publish a separate reduced total premium.
— Department of Financial Services · — first-year pro-rata premiums; premium appropriation table and electronic-enrolment note · effective 5 Jan 2026 · accessed 1 Oct 2026Open official source ↗

More from Bank of Baroda

Related products

Accident Care Individual Insurance Policy

Individual or family personal-accident cover underwritten by Star Health, with accidental death, permanent and temporary disablement, cumulative bonus and optional medical, hospital-cash and home-convalescence benefits.

View product

Arogya Sanjeevani Policy - National

A standard National Insurance indemnity health policy distributed through Bank of Baroda, available on an individual or floater basis with ₹1 lakh–₹5 lakh sum-insured options, hospitalisation and day-care cover, 5% co-pay, published waiting periods, full premium matrices and lifelong renewability.

View product

Auto Secure Private Car Package Policy - TATA AIG

Tata private-car package motor insurance distributed through Bank of Baroda. It combines own-damage cover for accident, fire, theft, natural and social perils with third-party liability, owner-driver personal accident cover, an -based vehicle sum insured and optional add-ons such as depreciation reimbursement, hire car, engine, tyre, roadside and misfuelling assistance.

View product

Auto Secure Two-Wheeler Package Policy - TATA AIG

Tata two-wheeler motor insurance distributed by Bank of Baroda, with liability-only or comprehensive cover, -based own-damage protection, owner-driver personal accident cover, published depreciation schedules and optional roadside, medical, invoice, consumable, personal-accident, engine, electric-surge, battery and tyre/rim covers.

View product