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Insurance

Life Pradhan Mantri Jeevan Jyoti Bima Yojana

The government-backed annual renewable life-insurance scheme providing ₹2 lakh cover for eligible account holders aged 18–50.

Policy typeOne-year renewable group life-insurance schemeEntry age18 to 50 years; renewable up to age 55Annual premium₹436 per year
Official product page ↗Compare category

Quick eligibility check

Life 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 to 50 years?

Published source: Entry age

2Does your age meet this requirement: renewable up to age 55?

Published source: Entry age

3Do you meet this requirement: Valid participating-bank or post-office account required?

0 of 3 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 23 Aug 2026 · active
SBI Life logo for PMJJBY
Offered byState Bank of India

India through participating banks and post offices

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 typeOne-year renewable group life-insurance schemeView source
The official page presents as annual life cover renewable through the participating account.
Source
Life Pradhan Mantri Jeevan Jyoti Bima Yojana
Page / section
Scheme overview
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Entry age18 to 50 years; renewable up to age 55View source
The official states eligible account holders are 18–50 and can renew until age 55.
Source
Life Pradhan Mantri Jeevan Jyoti Bima Yojana
Page / section
Frequently Asked Questions
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Annual premium₹436 per yearView source
The current official states a ₹436 annual premium.
Source
Life Pradhan Mantri Jeevan Jyoti Bima Yojana
Page / section
Frequently Asked Questions
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Life cover₹2,00,000View source
The official states ₹2 lakh is paid to the nominee on a covered death.
Source
Life Pradhan Mantri Jeevan Jyoti Bima Yojana
Page / section
Frequently Asked Questions
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Lien period30 days from enrolment or re-joiningView source
The scheme table specifies a 30-day lien period from enrolment or re-joining.
Source
Life Pradhan Mantri Jeevan Jyoti Bima Yojana
Page / section
Scheme terms
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
InsurerSBI Life Insurance Company LimitedView source
Life's official catalogue lists these individual and group products under Life Insurance Company Limited.
Source
Life online plans and group insurance catalogue
Page / section
Life plan catalogue
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Life cover₹2 lakh is payable to the nominee on death from any cause after the applicable lien period, subject to the scheme rules; there is no maturity or surrender benefit.View source
The official page states ₹2 lakh life coverage and separately says there is no maturity or surrender benefit.
Source
Life — official product page
Page / section
Plan Benefits — death benefit and maturity/surrender
Accessed
26 Aug 2026
Confidence
high
Open official source ↗
Policy termOne-year renewable term running from 1 June to 31 May; renewal continues until age 55 when the premium is paid on time.View source
The issuer describes as a one-year renewable group product, with cover running from 1 June to 31 May and annual renewal up to age 55.
Source
Life — official product page
Page / section
Introduction and Who Can Buy — policy term
Accessed
26 Aug 2026
Confidence
high
Open official source ↗
Lien-period exclusionFor a new enrolment or re-joining, death other than by accident during the first 30 days from enrolment is not covered and no claim is admissible for that death; the same lien rule applies when an exited subscriber rejoins.View source
The page defines a 30-day lien period for non-accidental death after enrolment or re-joining.
Source
Life — official product page
Page / section
Plan Benefits — exclusions
Accessed
26 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹2 lakh life cover
  • ₹436 annual premium
  • Renewable to age 55

Eligibility

  • Valid participating-bank or post-office account required

Passing a listed condition does not mean the bank will approve an application.

Related official documents

Pradhan Mantri Jeevan Jyoti Bima Yojana — Department of Financial Servicesofficial-government-scheme-page · current · accessed 1 Oct 2026
↗
SBI Life PMJJBY — official product pageofficial-product-page · current · accessed 26 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.

June–August · Cover charged forEntire policy year (4 quarters)

This value is copied from — first-year premium by enrolment month. Check the table notes before relying on it.

Source: Life — official product page · Who Can Buy — premium amount and first-year premium table Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 4 rows · 3 columnsPMJJBY — first-year premium by enrolment monthOfficial member premium schedule, before any applicable taxes; the annual renewal premium is ₹436 per member.View tableHide table

Scroll sideways to view every column

PMJJBY — first-year premium by enrolment month
Enrolment monthsCover charged forMember premium
June–AugustEntire policy year (4 quarters)₹436
September–November3 quarters₹342
December–February2 quarters₹228
March–May1 quarter₹114
  • The ₹436 annual premium includes ₹395 fixed premium, ₹11 administration cost and ₹30 distributor commission for new enrolments; electronic voluntary enrolment may reduce the amount by passing through the commission benefit.
Life — official product page · Who Can Buy — premium amount and first-year premium table · accessed 26 Aug 2026Open official source ↗
Table 2 · 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 ↗

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