Pradhan Mantri Jeevan Jyoti Bima Yojana: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a life insurance plan that provides coverage for death due to any reason. It is a one-year cover that can be renewed every year. The plan is offered by banks and post offices and managed by life insurance firms.

Pradhan Mantri Jeevan Jyoti Bima Yojana: Age

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Anyone between the ages of 18 and 50 who has an account with participating banks or post offices is eligible to enroll under this scheme.

Pradhan Mantri Jeevan Jyoti Bima Yojana: Benefits

1- PMJJBY offers a one-year term life cover of Rs 2 Lakh to members aged 18-50. 
2- It covers death for any reason.
3- Policyholders pay an annual premium of Rs 436, which is automatically deducted from their bank or post office accounts.

Pradhan Mantri Jeevan Jyoti Bima Yojana: Application process

Step 1: Download and print the “Consent-Cum-Declaration Form” given in the link below: https://www.jansuraksha.gov.in/Files/PMJJBY/English/ApplicationForm.pdf#... 
Step 02: Duly fill and sign the application form, attach the self-attested copies of the required documents, and submit the case to the authorised official of the bank or post office. The official will return you the acknowledgment slip cum certification of insurance.

To avail of the scheme online, a person can apply through PMJJBY online using their bank's net banking facility.