Pradhan Mantri Jeevan Jyoti Bima Yojana

Launch Date: 9.5.2015

Objective: To create a social security system for the poor and underprivileged in the age group of 18-50 years by providing a renewable life insurance cover of Rs.2 lakhs with just a premium of Rs.330


As on February 2018, Pradhan Mantri Jeevan Jyoti Beema Yojana (PMJJBY) has benefitted 5.22 crore families with a life insurance cover of Rs. 2 lakh on payment of a premium of only Rs.330/- per annum.