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Ministry of Finance Expands PM Jeevan Jyoti Bima Yojana Coverage.

Government Schemes | Dated: 17 Apr 2026

To vastly expand national social security, the Ministry of Finance officially announced a massive enhancement in the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). The completely subsidized life insurance cover has been significantly increased to Rs 5 Lakh.

🎯 Key Highlights:

  • The annual premium remains strictly heavily subsidized at just Rs 436.
  • The scheme operates entirely via an auto-debit facility from linked bank accounts.
  • It exclusively targets the deeply unorganized sector workforce and rural households.

💡 Other Important Facts:

  • Scheme: PMJJBY.
  • New Cover: Rs 5 Lakh.
  • Premium: Rs 436.

📚 Test Your Knowledge:

Under the recent expansion of the PM Jeevan Jyoti Bima Yojana, the completely subsidized life insurance cover has been enhanced to what amount?

Correct Answer: Rs 5 Lakh

🚀 Quick Recap:

About PMJJBY

  • Launch Year - 2015
  • Eligibility - 18 to 50 years with a bank account