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Now you can also avail PM Jeevan Jyoti Vima Yojana from IPPB, get term insurance of 2 lakh for Rs. 330

Now you can also avail PM Jeevan Jyoti Vima Yojana from IPPB, get term insurance of 2 lakh for Rs. 330
IPPB has entered into an agreement with PNB MetLife India Insurance Company Limited for this.

Anyone between the ages of 18 and 50 can avail this scheme

Now you can also avail Pradhan Mantri Jeevan Jyoti Vima Yojana (PMJJBY) from India Post Payments Bank (IPPB). IPPB has teamed up with PNB MetLife India Insurance Company Limited for this. Under PMJJBY, term insurance of Rs 2 lakh is given for only Rs 330. 

Support is required for KYC

The scheme is available to all India Post Payments Bank account holders. Registration in this scheme requires support for KYC. PM Narendra Modi launched IPPB on September 1, 2018.

What is Pradhan Mantri Jeevan Jyoti Vima Yojana? 

Anyone between the ages of 18 to 50 can avail this scheme. The person concerned should have a bank account. The policyholder has to deposit Rs. 330 per annum. This amount will be deducted directly from the bank account of the person concerned every year. There is a provision of up to Rs 2 lakh under Pradhan Mantri Jeevan Jyoti Vima Yojana.


No medical test required No medical test is required to purchase insurance in this scheme. You will start getting this facility from the time the premium amount is deducted from your bank account.

The scheme was launched in 2015

The scheme was introduced in May 2015 to provide low cost insurance to the citizens of the country. In addition to IPPB, the scheme is run by LIC as well as other private life insurance companies. One can also get information by going to his bank. Many banks have tie-ups with insurance companies.

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