pm jeevan jyoti bima yojana keep e282b9436 in bank account by may 31 or risk losing insurance cover

PM Jeevan Jyoti Bima Yojana: Keep ₹436 in Bank Account by May 31 or Risk Losing Insurance Cover

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Deadline Alert: PMJJBY Subscribers Must Maintain ₹436 Balance by May 31

New Delhi, May 8 Subscribers of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) are urged to maintain a minimum balance of ₹436 in their bank accounts by May 31, 2025. Failing to do so will result in automatic cancellation of the policy for the upcoming year, leaving individuals without life insurance coverage. Banks across the country have started issuing SMS alerts to customers to ensure compliance.

PMJJBY

This annual premium is auto-debited from the linked savings account and is a mandatory requirement for continued enrollment in the scheme.

What Is PMJJBY and What Are Its Benefits?

Launched in 2015, the PM Jeevan Jyoti Bima Yojana is a government-backed life insurance scheme providing a life cover of ₹2 lakh at an annual premium of just ₹436. The policy covers death due to any reason—natural or accidental—and must be renewed annually.

The simplicity of the scheme and its low cost make it a popular choice among economically weaker and middle-income groups seeking basic life coverage.

Who Can Apply for PMJJBY?

To be eligible for the scheme:

  • The individual must be between 18 and 50 years of age.

  • Once enrolled, coverage can continue up to age 55, provided premiums are paid yearly without fail.

  • Enrollment is available through bank branches, business correspondent (BC) centers, bank websites, and post offices.

Upon enrollment, the premium is automatically deducted every year, ensuring seamless continuity of coverage—provided sufficient balance is maintained in the account.

Don’t Miss Out: Combine with PMSBY for Added Security

In addition to PMJJBY, the government also offers Pradhan Mantri Suraksha Bima Yojana (PMSBY). This provides ₹2 lakh insurance for accidental death or disability at an annual premium of ₹20 only. The eligible age group for PMSBY is 18 to 70 years.

Enrolling in both schemes provides comprehensive financial protection—one for natural/accidental death and the other specifically for accidental disability or demise.

Final Reminder

To stay covered under PMJJBY, ensure that ₹436 is available in your account by May 31. Missing this deadline could result in loss of life cover, requiring fresh enrollment next year.

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Ganpat Singh Chouhan
Ganpat Singh Chouhan
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.