Jeevan Jyoti Bima Yojana

byPaytm Editorial TeamNovember 5, 2025

Meaning

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme.

Overview

This annual renewable policy provides life cover for death due to any cause, aiming to offer financial security to the deceased policyholder’s family.

Eligibility Criteria

Indian citizens aged 18 to 50 years, holding a bank account, are eligible to enroll in this scheme.

Key Benefits

Upon the policyholder’s death, a sum assured of ₹2 Lakh is paid to the nominee, providing crucial financial support.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.