on PRADHAN MANTRI JEEVAN JYOTI B . MA YOJANA Q1. What is the nature of the scheme? The scheme will be a one year cover Term Life Insurance Scheme, renewable from year to year, offering l. in. urance cover for death due to any reason. Q2. What would be th. benefits under the scheme and premium payable? Rs.2 lakhs is paya. le on a subscriber . On May 09, 2015,1 the Government of India launched Pradhan Mantri Jeevan JyotiBima Yojana (PMJJBY) - a government-backed life insurance scheme in India. It was originally proposed in the 2015 budget speech by the Union Finance Minister, as only 20% of India’s population was endorsed under any kind of insurance until then. Consequently, the PMJJBY was launched to increase penetration of life insurance among citizens. Digital India Corporation(DIC)Ministry of Electronics & IT (MeitY)Government of India® Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 10 Years of Empowering Indian Families 8th May, 2025
