Life Insurance
2025-12-29 3 Min read
0
Think about the last time you considered buying life insurance. Did the premium quotes make you reconsider? Or maybe the medical tests and paperwork felt like too much hassle?
That's exactly why PMJJBY insurance exists. The Pradhan Mantri Jeevan Jyoti Bima Yojana gives you ₹2 lakhs life insurance coverage for ₹436* per year. No medical tests. No health questionnaires. No complicated application forms. The premium auto-debits from your bank account once a year, and you're covered.
Now, we know what you may be thinking. ₹2 lakhs doesn't sound like much in 2025 or even in the future when you may actually need it, especially if you live in a metro city. You're right. This isn't meant to replace comprehensive term insurance. But as basic coverage that costs less than what you spend on a single weekend outing, Pradhan Mantri Jeevan Jyoti Bima Yojana serves a very real purpose.
What is PMJJBY?
PMJJBY insurance is a government-backed one-year renewable term life insurance scheme that was launched in 2015. The Pradhan Mantri Jeevan Jyoti Bima Yojana was designed specifically to bring life insurance to people who've been left out of the traditional insurance system. Say, daily wage workers, small shop owners, farmers, informal sector workers, etc.
You don't need to understand complex insurance terms or compare dozens of plans. Over 23.36 crore Indians~ have enrolled in PMJJBY insurance since it started, making it one of the largest term insurance schemes in the country.
What makes Pradhan Mantri Jeevan Jyoti Bima Yojana different is that it removes the usual barriers. Your health status doesn't matter. Your occupation doesn't matter. Whether you're 22 or 48, working full-time or running a small business, the scheme treats everyone the same.
The coverage is straightforward - ₹2^ lakhs death benefit for any cause of death.. There's no maturity benefit if you survive the policy term, no surrender value if you exit early.
You don't need to understand complex insurance terms or compare dozens of plans. Over 23.36 crore Indians~ have enrolled in PMJJBY insurance since it started, making it one of the largest term insurance schemes in the country.
What makes Pradhan Mantri Jeevan Jyoti Bima Yojana different is that it removes the usual barriers. Your health status doesn't matter. Your occupation doesn't matter. Whether you're 22 or 48, working full-time or running a small business, the scheme treats everyone the same.
The coverage is straightforward - ₹2^ lakhs death benefit for any cause of death.. There's no maturity benefit if you survive the policy term, no surrender value if you exit early.
Eligibility, Benefits, and the Enrollment Process for 2025
Let us walk you through what you need to qualify for SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana. You must be between 18 years (age as at last birthday) and 50 years (age nearer birthday). You need a savings bank account with any participating bank like Union Bank of India or Bank of India (Master Policyholders and participating banks for SUD Life).
Note what's not on that list. No medical examination. No questions about your health history. No income proof requirements. If you're within that age range and have a bank account, you can get SUD Life PMJJBY insurance coverage.
Your coverage continues until you are 55 years old1, renewable every year. So, if you enrol at age 30, you could maintain SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana protection for around 24-25 years, paying a nominal amount in total premiums.
The plan has particularly helped demographics that traditional insurance often overlooks. More than 53%~ of PMJJBY insurance beneficiaries are women. About 72%~ come from rural India. These are exactly the groups that have historically lacked adequate life insurance coverage.
Now, about the death benefit. Your nominee receives ₹2 lakhs in the event you pass away during the policy year.
Enrolling is simpler than you'd expect. The policy year runs from June 1st to May 31st. If you enroll between June and August, you pay the full ₹436 premium. Your bank auto-debits the amount, and your SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana coverage begins.
But here's something useful - you don't have to wait for June. You can join mid-year and pay only the proportionate premium. If you enrol between September and November, you only pay ₹342*. December to February enrollment you pay ₹228*. March to May is just ₹114*.
There's one important factor you should know about ’Lien Period’. An initial lien period of 30 days from the date of commencement of risk of the Insured Member is applicable. During this period, no claim is admissible for deaths. . However, for accidental deaths, no lien period will apply, your coverage starts immediately
In case the Insured Member exits the scheme and later rejoins provided they are eligible to re-join the scheme, then the lien period of 30 days will be applicable once again.
Note what's not on that list. No medical examination. No questions about your health history. No income proof requirements. If you're within that age range and have a bank account, you can get SUD Life PMJJBY insurance coverage.
Your coverage continues until you are 55 years old1, renewable every year. So, if you enrol at age 30, you could maintain SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana protection for around 24-25 years, paying a nominal amount in total premiums.
The plan has particularly helped demographics that traditional insurance often overlooks. More than 53%~ of PMJJBY insurance beneficiaries are women. About 72%~ come from rural India. These are exactly the groups that have historically lacked adequate life insurance coverage.
Now, about the death benefit. Your nominee receives ₹2 lakhs in the event you pass away during the policy year.
Enrolling is simpler than you'd expect. The policy year runs from June 1st to May 31st. If you enroll between June and August, you pay the full ₹436 premium. Your bank auto-debits the amount, and your SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana coverage begins.
But here's something useful - you don't have to wait for June. You can join mid-year and pay only the proportionate premium. If you enrol between September and November, you only pay ₹342*. December to February enrollment you pay ₹228*. March to May is just ₹114*.
There's one important factor you should know about ’Lien Period’. An initial lien period of 30 days from the date of commencement of risk of the Insured Member is applicable. During this period, no claim is admissible for deaths. . However, for accidental deaths, no lien period will apply, your coverage starts immediately
In case the Insured Member exits the scheme and later rejoins provided they are eligible to re-join the scheme, then the lien period of 30 days will be applicable once again.
Making Your Decision About SUD Life PMJJBY
The SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana works best in specific situations. If you're just starting your career and can't afford comprehensive term insurance yet, this gives you basic coverage while you build up to larger protection. Or if you already have term insurance for ₹50 lakhs or ₹1 crore, adding SUD Life PMJJBY insurance gives you an extra ₹2 lakhs coverage for less than ₹40 per month.
For families where ₹2 lakh would genuinely help covering immediate expenses, funeral costs, or providing a few months' buffer, SUD Life PMJJBY insurance serves a real need. The scheme has particularly enabled women-headed households and families in smaller towns where living costs are lower.
Your SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana coverage renews automatically every year as long as you maintain sufficient balance in your bank account. You don't need to remember renewal dates or fill out fresh applications. The premium gets debited on schedule dates, and your protection continues2.
The bottom line is that SUD Life PMJJBY insurance provides basic life protection at an extremely affordable cost. Whether you're using it as starter coverage or adding it to existing insurance, the minimal premium makes SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana accessible to nearly everyone with a bank account.
For families where ₹2 lakh would genuinely help covering immediate expenses, funeral costs, or providing a few months' buffer, SUD Life PMJJBY insurance serves a real need. The scheme has particularly enabled women-headed households and families in smaller towns where living costs are lower.
Your SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana coverage renews automatically every year as long as you maintain sufficient balance in your bank account. You don't need to remember renewal dates or fill out fresh applications. The premium gets debited on schedule dates, and your protection continues2.
The bottom line is that SUD Life PMJJBY insurance provides basic life protection at an extremely affordable cost. Whether you're using it as starter coverage or adding it to existing insurance, the minimal premium makes SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana accessible to nearly everyone with a bank account.
Frequently Asked Questions
1. What is PMJJBY?
Pradhan Mantri Jeevan Jyoti Bima Yojana is a government scheme which offers one-year renewable term life insurance providing ₹2 lakh death cover for ₹436 annual premium. Available to bank account holders of participating banks aged 18-50 years
2. What is the premium payable under this scheme?
₹436 per year if you enroll between June-August. Pro-rated premiums apply for mid-year enrollment in Pradhan Mantri Jeevan Jyoti Bima Yojana: ₹342 (Sep-Nov), ₹228 (Dec-Feb), ₹114 (Mar-May).
3. What is the eligibility for PMJJBY?
You qualify for Pradhan Mantri Jeevan Jyoti Bima Yojana if you're between 18-50 years old and have a savings bank account. No medical examination, income proof, or health questionnaire needed for PMJJBY insurance. Coverage continues until age 55 with annual renewal.
4. How do I enroll in PMJJBY insurance?
Enroll in PMJJBY insurance through your Union Bank of India or Bank of India Branch or their online banking portal. Fill the consent form for Pradhan Mantri Jeevan Jyoti Bima Yojana, provide nominee details, and ensure sufficient balance for auto-debit. You can enroll any time during the year with a pro-rated premium.
5. What claims are excluded from SUD Life PMJJBY?
SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana has minimal exclusions - only a 30-day lien period for non-accidental deaths from date of commencement of risk.
Pradhan Mantri Jeevan Jyoti Bima Yojana is a government scheme which offers one-year renewable term life insurance providing ₹2 lakh death cover for ₹436 annual premium. Available to bank account holders of participating banks aged 18-50 years
2. What is the premium payable under this scheme?
₹436 per year if you enroll between June-August. Pro-rated premiums apply for mid-year enrollment in Pradhan Mantri Jeevan Jyoti Bima Yojana: ₹342 (Sep-Nov), ₹228 (Dec-Feb), ₹114 (Mar-May).
3. What is the eligibility for PMJJBY?
You qualify for Pradhan Mantri Jeevan Jyoti Bima Yojana if you're between 18-50 years old and have a savings bank account. No medical examination, income proof, or health questionnaire needed for PMJJBY insurance. Coverage continues until age 55 with annual renewal.
4. How do I enroll in PMJJBY insurance?
Enroll in PMJJBY insurance through your Union Bank of India or Bank of India Branch or their online banking portal. Fill the consent form for Pradhan Mantri Jeevan Jyoti Bima Yojana, provide nominee details, and ensure sufficient balance for auto-debit. You can enroll any time during the year with a pro-rated premium.
5. What claims are excluded from SUD Life PMJJBY?
SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana has minimal exclusions - only a 30-day lien period for non-accidental deaths from date of commencement of risk.
Disclaimer
a) For enrolment in June, July and August – Full Annual Premium of ₹436/- is payable.
b) For enrolment in September, October, and November – pro rata premium of ₹342/- is payable.
c) For enrolment in December, January and February – pro rata premium of ₹228/- is payable.
d) For enrolment in March, April and May – pro rata premium of ₹114/- is payable.
In case of death of the Insured Member, the fixed Sum Assured of Rs. 2,00,000 will be payable to the Nominee/ Beneficiary subject to lien period. On payment of death benefit, all insurance cover provided under the Master policy for the Insured Member will automatically terminate.
12 age nearer birthday subject to annual renewal upto that date
2T&C Apply
SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana | UIN: 142G047V02 | A Non-Linked Non-Participating One Year Renewable Group Term Insurance Product
Star Union Dai-ichi Life Insurance Company Limited | IRDAI Regn. No: 142 | CIN: U66010MH2007PLC174472 | URN SUD-OTH-11-25-4380|
Registered Office: Unit no. 1101, 11th Floor, Building No. 1, Raheja Mindspace Juinagar, Plot No. GEN 2/1/E, TTC Industrial Area, MIDC Juinagar, Navi Mumbai – 400706 | 1800 266 8833 (Toll Free) | Timing: 9:00 am - 7:00 pm (Mon - Sat) | Email ID: customercare@sudlife.in | Visit: www.sudlife.in | For more details on risk factors, terms and conditions, please refer to the sales brochure carefully, before concluding the sale. Trade-logo displayed belongs to M/s Bank of India, M/s Union Bank of India and M/s Dai-ichi Life International Holdings LLC and are being used by Star Union Dai-ichi Life Insurance Co. Ltd. under license.
b) For enrolment in September, October, and November – pro rata premium of ₹342/- is payable.
c) For enrolment in December, January and February – pro rata premium of ₹228/- is payable.
d) For enrolment in March, April and May – pro rata premium of ₹114/- is payable.
In case of death of the Insured Member, the fixed Sum Assured of Rs. 2,00,000 will be payable to the Nominee/ Beneficiary subject to lien period. On payment of death benefit, all insurance cover provided under the Master policy for the Insured Member will automatically terminate.
12 age nearer birthday subject to annual renewal upto that date
2T&C Apply
SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana | UIN: 142G047V02 | A Non-Linked Non-Participating One Year Renewable Group Term Insurance Product
Star Union Dai-ichi Life Insurance Company Limited | IRDAI Regn. No: 142 | CIN: U66010MH2007PLC174472 | URN SUD-OTH-11-25-4380|
Registered Office: Unit no. 1101, 11th Floor, Building No. 1, Raheja Mindspace Juinagar, Plot No. GEN 2/1/E, TTC Industrial Area, MIDC Juinagar, Navi Mumbai – 400706 | 1800 266 8833 (Toll Free) | Timing: 9:00 am - 7:00 pm (Mon - Sat) | Email ID: customercare@sudlife.in | Visit: www.sudlife.in | For more details on risk factors, terms and conditions, please refer to the sales brochure carefully, before concluding the sale. Trade-logo displayed belongs to M/s Bank of India, M/s Union Bank of India and M/s Dai-ichi Life International Holdings LLC and are being used by Star Union Dai-ichi Life Insurance Co. Ltd. under license.