Pradhan Mantri Jeevan Jyoti Bima Yojana is a Government-backed life insurance scheme in India.
| PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA (PMJJBY) | FEATURES |
| Interest Rate | SB interest rate in maintained SB |
| Minimum Balance Requirement | No |
| Auto Sweep Available | No |
| Basic Banking facility | Applicable |
| Eligibility Criteria | Any resident individual Production of KYC documents The applicant should have completed 18 years of age and should not have crossed 50 years |
| Benefits (as per scheme) | Provides life insurance cover of Rs.2 lakh for an annual premium of Rs.330 Renewable from year to year and provides cover for death due to any reason |
| Others | The premium paid towards the policy is eligible for tax deduction under section 80C of Income Tax |