Government Backed Life Insurance

Pradhan Mantri Jeevan Jyoti Bima Yojana
(PMJJBY)

A low-cost life insurance scheme offering ₹2 Lakh coverage for just ₹436 per year. Secure your family's future against any eventualities.

Explore Scheme Enroll Today

Key Scheme Highlights

Designed for maximum accessibility, PMJJBY ensures comprehensive life cover for you and peace of mind for your loved ones.

₹2 Lakh Life Cover

The scheme offers a robust life insurance coverage of ₹2,000,000 payable to the nominee in case of the subscriber's death due to any reason.

Low Premium of ₹436/yr

Enjoy comprehensive life insurance for just ₹436 annually. The amount is automatically debited from your savings account every year.

Easy Eligibility

Available to individuals aged between 18 and 50 years. Life cover can be continued up to the age of 55 years subject to premium payment.

Frequently Asked Questions

Any individual holding a savings bank account with an age between 18 and 50 years is eligible to apply for PMJJBY.
The premium is ₹436 per annum per member. It will be deducted automatically from the account holder's savings bank account in one installment on or before the 31st of May every year.
PMJJBY provides life insurance coverage of ₹2 Lakhs payable to the subscriber's nominee in case of death due to any reason.
Yes, there is a lien period of 30 days from the date of enrollment. If death occurs within this period (other than by an accident), no claim is payable.
In the unfortunate event of the subscriber's death, the nominee should approach the bank branch where the subscriber had the account with the death certificate and the claim form to initiate the settlement process.

Secure Your Family Today

Ensure your loved ones are financially protected. Visit your nearest Meghalaya Rural Bank branch to enroll in PMJJBY.

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