Life insurance cover of ₹2 lakh at annual premium of ₹436 for savings bank account holders aged 18-50 years.
PMJJBY is a one-year life insurance scheme, renewable annually, offering coverage of ₹2 lakh for death due to any reason. The annual premium is ₹436 per member. The scheme is available to all savings bank account holders aged 18-50 years. Auto-debit facility from the bank account makes enrollment easy.