Pradhan Mantri Jeevan Jyoti Bima Yojana: The Indian government runs a number of programs to help its inhabitants. Under the Pradhan Mantri Jeevan Jyoti Bima Yojana, the Indian government launched it. The Life Insurance Corporation of India and other commercial and public sector banks are introducing this scheme.
Under the Pradhanmantri Jeevan Jyoti Bima Yojana, the government will give his nominee ₹200000 in life insurance if the applicant passes away before turning 55 for any cause. Read this article through to the conclusion to learn about the scheme’s benefits, eligibility, application process, required paperwork, etc. Also we discussion about PMJJBY Full Form, PMJJBY Premium, PMJJBY Scheme Details, PMJJBY Age Limit, and PMJJBY Kya Hai.
About Pradhan Mantri Jeevan Jyoti Bima Yojana
The minimum age for citizens under this scheme to take a policy plan should be 18 years old, and the maximum age should be 50 years old. This policy matures at 55 years old. The Government of India’s Pradhan Mantri Jeevan Jyoti Bima Yojana is an excellent program. Not only will the underprivileged and impoverished receive insurance under this program, but their offspring will also benefit financially in the long run. The Pradhanmantri Jeevan Jyoti Bima Yojana requires interested beneficiaries of the nation to apply in order to receive its benefits.
Most recent update: Modification to the premium amount Pradhan Mantri Jeevan Jyoti Bima Yojana
The Central Government changed the PM Jeevan Jyoti Bima Yojana premium rates on May 31, 2022. Given the long history of unfavorable claims experiences, the decision has been made to raise the premium rates for this plan. The beneficiaries of this scheme will now be required to pay a daily premium of ₹ 1.25.
Under this, the monthly premium will now be ₹ 436 instead of ₹ 330. 2015 saw the launch of this program. The premium rate under this arrangement has not changed in the last seven years. 6.4 crore people were actively involved in this initiative as of March 31, 2022.
Pradhan Mantri Jeevan Jyoti Bima Yojana Details
| Yojana Name | Pradhan Mantri Jeevan Jyoti Bima Yojana |
| Started By | Govt. of India |
| category | Government Scheme |
| Objective | Provide Insurance Policy Benefits To Citizens |
| Beneficiaries | Indian Citizens |
| Official Website | www.jansuraksha.gov.in |
| Helpline | 1800-180-1111 / 1800-110-001 |
| Join for the Latest Updates | Click here |
Pradhan Mantri Jeevan Jyoti Bima Yojana Objectives
For those in the nation who wish to give their relatives social security even after they pass away, this is an excellent plan. The family of the policyholder would receive Rs 2 lakh from the government under the PM Jeevan Jyoti Bima Scheme upon the policyholder’s death if they are between the ages of 18 and 50. so that he might lead a fulfilling life. By this agreement, Indian citizens will be covered under PMJJBY. This initiative will cover more people than just the poor and disadvantaged with insurance.
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PM Jeevan Jyoti Bima Yojana Premium Amount
Under this arrangement, the policyholder will have to pay an annual premium deposit of Rs 436. which, every May, will be automatically deducted from the client’s savings account. All citizens, including those in the EWS and BPL, are eligible for low premium rates under this system. Under the Pradhanmantri Jeevan Jyoti Bima Yojana, the insurance coverage will begin on June 1 and last through May 31 of the following year. It is not required to undergo medical examinations in PMJJBY in order to obtain insurance.
| Insurance premium (paid to LIC/Insurance Company) | Rs. 395 |
| Expenses for Agents, Micro, Corporations, and BC | Rs. 30 |
| Participating Bank Administrative Fees | Rs. 11 |
| Total Premium | Rs. 436 Only |
Death claims filed within the previous five years
| Year | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 |
| Death Claims Received | 59,118 | 89,708 | 1,35,212 | 1,78,189 | 2,34,905 |
| Amount Distributed (in Crore) | 1,182.36 | 1,794.16 | 2,704.24 | 3563.78 | 4698.10 |
Only after 45 days will risk cover become operative
Any person who meets the eligibility requirements can enroll for the Pradhan Mantri Jeevan Jyoti Bima Yojana in order to get its benefits. You are exempt from having to reapply each year if you are currently enrolled in this program. The annual premium will be deducted from your bank account, and your renewal will be finalized.
No new buyers may make any claims within the first 45 days after registering for this program. A claim may only be made after the 45-day window has passed. The company will not pay any claims within the first 45 days. On the other hand, the applicant will receive reimbursement in the case that they die in an accident.
The PMJJBY Scheme Data
| Financial Year | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 |
| Registered Citizens | 3.10 | 5.33 | 5.92 | 6.96 | 10.27 |
| Total Claims Received | 62,166 | 98,163 | 1,45,763 | 1,90,175 | 2,50,351 |
| Total Claims Distributed | 59,188 | 89,708 | 1,35,212 | 1,78,189 | 2,34,905 |
The PMJJBY Scheme Exit
- Anybody who has left the Jeevan Jyoti Bima Yojana is welcome to re-enroll in it.
- Re-enrollment in the Pradhan Mantri Jeevan Jyoti Bima Yojana necessitates the submission of a health self-declaration and payment of the premium.
- Re-enrollment in the program is available to anyone who pays the premium and turns in the self-declaration.
In what situations won’t the PMJJBY benefit be offered?
- If the account holder’s bank account is closed.
- if the bank account is devoid of the premium money.
- after becoming 55 years old.
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Pradhan Mantri Jeevan Jyoti Bima Yojana Benefits
- The country’s citizens who are between the ages of 18 and 50 are eligible to participate in this program.
- Under this arrangement, PMJJBY may be renewed annually for the family of the policyholder after the policyholder’s death. Members of this scheme must pay an annual fee of 436 rupees. There will be a life insurance coverage of two lakh rupees.
- For the candidate to be eligible for PMJJBY benefits, they must submit an application under this plan.
- This plan requires that the annual payment be paid by May 31st of each year that the coverage is in effect.
- The insurance may be renewed by submitting a lump sum payment of the full annual premium and a self-declaration of good health if the annual premium cannot be deposited by this date.
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Key Points of the Pradhan Mantri Jeevan Jyoti Bima Yojana
- There are no medical exams required in order to purchase the Pradhan Mantri Jeevan Jyoti Bima Yojana.
- The PM Jeevan Jyoti Insurance Scheme requires buyers to be between the ages of 18 and 50.
- PMJJBY is a mature 55-year-old.
- This program needs to be renewed annually.
- This scheme provides insurance up to ₹200,000.
- Enrollment for the Pradhan Mantri Jeevan Jyoti Bima Yojana is available from June 1 through May 31.
- A claim cannot be submitted for 45 days following the completion of Android. You have 45 days to submit a claim.
Expiration of PM Jeevan Jyoti Insurance Scheme
The member’s life assurance may be terminated for any of the following reasons.
- If the account holder’s bank account is closed.
- in this case, the premium amount is not in the bank account.
- after being 55.
- Pradhan Mantri Jeevan Jyoti Bima Yojana can only be obtained from one bank or one insurance provider.
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Pradhan Mantri Jeevan Jyoti Bima Yojana Eligibility
- Only citizens between the ages of 18 and 50 may sign up for this plan.
- The policy bearer will be required to pay an annual premium of Rs 436 under this tram plan.
- A bank account is a requirement of this program for the policyholder. Accordingly, the government’s donation will be sent straight into the recipient’s bank account.
- The subscriber must have the required amount in their bank account at the time of the auto-debit each year by May 31st at the latest.
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PM Jeevan Jyoti Bima Yojana Documents
- Aadhar Card
- Voter ID card
- PAN Card
- Bank Account Passbook
- Mobile Number
- Email ID
- Photo
PradhanMantri Jeevan Jyoti Bima Yojana Online Apply
To apply for benefits under the Jeevan Jyoti Bima Yojana, interested national beneficiaries should follow the steps listed below.
- Initially, you need to visit Jan Suraksha’s official website.
- You must obtain the “PMJJBY Application Form PDF” by going to the official website.
- You must complete the form with all the requested information after downloading the PDF.
- The completed documentation must be deposited at the bank that opened your active savings account.
- You have to make sure. that you have sufficient funds in the account to pay the premium.
- Submit a letter of consent to join the program and have the premium amount automatically deducted after that.
- Attach the consent agreement with the application form that has been filled out correctly.
- You can obtain the Pradhan Matri Jeevan Jyoti Bima Yojana application forms by clicking the link provided below. The Consent-cum-Declaration Form (also known as the Application Form or Consent-cum-Declaration Form) can be downloaded in your preferred language from the official website by clicking the link provided below.
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How to Claim for PM Jeevan Jyoti Bima Yojana
- Under the Jeevan Jyoti Bima Yojana, the nominee of the covered individual may file a claim upon their passing.
- The policyholder’s designee should then initiate contact with the bank.
- The PradhanMantri Jeevan Jyoti Bima Claim Form and Discharge Receipt must then be picked up by the nominee from the bank.
- Next, the nominee needs to submit the claim form, discharge receipt form, photos from the death certificate, and a voided check.
Get information about the performance
- The official Pradhan Mantri Jeevan Jyoti Bima Yojana website must be visited first.
- The PMJJBY’s main screen will open in front of you.
- You must select the “performance” option from the home page.
- A new page will soon open on your screen.
- You can find performance-related information on this page.
Get information about the Publicity
- The official Pradhan Mantri Jeevan Jyoti Bima Yojana website must be visited first.
- The PMJJBY’s main screen will open in front of you.
- The next step is to choose the “publicity” option.
- A new page will now open on your screen.
- You must choose the publicity content on this page.
- Information pertinent to the situation will appear on your computer screen.
Procedure to Download Forms
- The official Pradhan Mantri Jeevan Jyoti Bima Yojana website must be visited first.
- The PMJJBY’s main screen will open in front of you.
- From the home page, you have to choose the “Forms” option.
- A new page will now open on your screen.
- Now, You select the “PM Jeevan Jyoti Bima Yojana” option on this page.
- The options listed below will now appear on your screen.
- Application Forms
- Claim Forms
- The one that best suits your demands must be chosen.
- You will then need to download the form.
You will be able to download the form in this manner.
Procedure to View Rules
- Initially, you need to visit Jeevan Jyoti Bima Yojana’s official website.
- The PMJJBY’s main screen will open in front of you.
- You will then need to select the “rules” option.
- The complete set of regulations will now appear on your screen.
- You must select the solution from this selection that best fits your needs.
- Information pertinent to the situation will appear on your computer screen.
Get a Tollfree Number (State Wise)
- You must first visit Pradhanmantri Jeevan Jyoti Bima Yojana’s official website.
- The PMJJBY’s main screen will open in front of you.
- You must select the “Contact” tab located on the homepage.
- You will now be presented with a new page with a state-by-state PDF of toll-free numbers.
- By downloading this PDF, you may check the toll-free number for each state.
- By the way the National Toll Free No. is : 1800-180-1111 / 1800-110-001
Conclusion
We have given you all the pertinent details about the PradhanMantri Jeevan Jyoti Bima Yojana in this article. The PM Jeevan Jyoti Bima Yojana Helpline number can assist you (which is given above) in resolving any issues you may be having.
FAQs aboutPradhan Mantri Jeevan Jyoti Bima Yojana
What is the Pradhan Mantri Jeevan Jyoti Bima Yojana’s advantage?
A. A government insurance program called Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) offers participants financial security in the event of an untimely death. The plan is available for a year and costs just Rs 436 per year, making it affordable for individuals from all walks of life.
What is the insurance amount for Prime Minister Jeevan Jyoti?
A. The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has a 2 lakh rupee cap, with a yearly premium of Rs 436.
Pradhan Mantri Jeevan Jyoti Insurance: How do I claim it?
A. Within the allotted time frame, the insured person’s personal representative is required to notify the insurance company of their death.
