{"id":82925,"date":"2026-01-17T15:44:26","date_gmt":"2026-01-17T10:14:26","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=82925"},"modified":"2026-01-17T15:44:26","modified_gmt":"2026-01-17T10:14:26","slug":"pradhan-mantri-jeevan-jyoti-bima-yojana-pmjjby","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/pradhan-mantri-jeevan-jyoti-bima-yojana-pmjjby\/","title":{"rendered":"Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Features"},"content":{"rendered":"

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a flagship life insurance scheme launched by the Government of India to provide affordable life insurance coverage to the economically weaker sections of society. It was introduced as part of the Government\u2019s social security initiatives, the scheme aims to ensure financial protection to families in case of the untimely death of the insured person. With a very low annual premium and easy enrollment through banks, PMJJBY has emerged as one of the most successful insurance-based welfare schemes in India.<\/span><\/p>\n

Pradhan Mantri Jeevan Jyoti Bima Yojana<\/b><\/h2>\n

Pradhan Mantri Jeevan Jyoti Bima Yojana was launched in<\/span> May 2015<\/b> by the Government of India under the <\/span>Ministry of Finance<\/b>. The scheme is linked with bank accounts and is available to all savings bank account holders in the age group of <\/span>18 to 50 years<\/b>.<\/span><\/p>\n

Under PMJJBY, a life insurance cover of <\/span>\u20b92 lakh<\/b> is provided in case of death of the insured due to any reason, natural or accidental. The policy is renewable every year and operates on a simple auto-debit mechanism, making it accessible even for rural and low-income populations.<\/span><\/p>\n

Pradhan Mantri Jeevan Jyoti Bima Yojana Objectives<\/b><\/h2>\n

The main objectives of Pradhan Mantri Jeevan Jyoti Bima Yojana are:<\/span><\/p>\n