PMJJBY Calculator
Calculate your PMJJBY premium from the enrolment date. Review the ₹2 lakh life cover, first-year cost, 30-day lien, renewals to age 55 and the gap between this scheme and your family's estimated protection need.
Last Updated: July 22, 2026Calculate PMJJBY Premium and Coverage
Use your completed age and expected auto-debit date. First-time and rejoining subscribers receive the official quarterly premium slab for the remaining June-to-May policy period.
Enter your details and calculate.
| Coverage period | Age at period start | Premium assumption | Cumulative premium |
|---|
The ₹436 renewal premium and age-based schedule are current-rule planning assumptions. Premiums, eligibility and scheme terms may change. Your bank, post office, insurer and official policy record determine actual cover and claim eligibility.
What Is a PMJJBY Calculator?
A PMJJBY calculator estimates the premium payable for Pradhan Mantri Jeevan Jyoti Bima Yojana based on when you join. It also shows the current ₹2 lakh death benefit, the policy period, the 30-day lien for a new or rejoining member, annual renewals and a simplified total premium through the maximum renewal age.
PMJJBY is a one-year renewable group term life insurance scheme. It pays the nominee if the insured member dies due to any cause, subject to the scheme rules. There is no maturity value, survival benefit, loan value or investment return. The low premium reflects pure life-risk protection.
The Department of Financial Services reported 25.79 crore cumulative enrolments and 10,02,628 paid claims under PMJJBY as of November 2025. Paid claim value was ₹20,052.56 crore, and the reported cumulative paid-to-reported claim ratio was 99.94%. See the DFS Annual Report 2025–26 for definitions and the reporting date.
The tool adds a separate cover-gap check because ₹2 lakh may help with immediate costs but may not replace years of household income. Entering income and existing life cover shows how much of a rough 10×, 15× or 20× income benchmark remains uncovered.
How to Use This PMJJBY Calculator
- Enter your completed age on the expected enrolment or renewal date.
- Select the date on which the premium may be auto-debited.
- Choose first-time or rejoining if the cover is new or has lapsed. Choose continuous renewal only when the prior cover remains uninterrupted.
- Enter annual household income and existing life cover if you want the optional protection-gap estimate.
- Select a rough income multiple, then choose Calculate PMJJBY.
- Review the first premium, policy end date, lien date, annual renewal amount and projected premium schedule.
The calculator does not enrol you or confirm active insurance. Check the debit entry, certificate of insurance and nominee details with your participating bank, post office or insurer.
PMJJBY Premium Formula and Worked Example
PMJJBY does not use an investment formula. The first premium comes from the official enrolment-month slab. Future renewals use the current full annual premium as a constant planning assumption.
Projected premiums to age 55 = first-period premium + (estimated later renewals × ₹436)
Protection gap = income benchmark − existing cover − ₹2,00,000 PMJJBY cover
Assume a 30-year-old first joins on July 22, 2026. July falls in the June-to-August slab, so the first premium is ₹436. The selected cover period ends May 31, 2027. The simplified schedule provides 25 policy periods before age 55, including the first period, so the projected total at an unchanged premium is ₹10,900.
If annual household income is ₹6 lakh and the chosen benchmark is 15× income, the benchmark is ₹90 lakh. With no existing life insurance, PMJJBY reduces the simplified gap to ₹88 lakh. This example shows why PMJJBY works as basic social-security cover rather than a complete income-replacement plan.
PMJJBY Premium Rates for 2026
The full annual premium is ₹436 per subscriber. A person joining for the first time during the policy year pays the prescribed slab below. The reduced amount is a scheme rate, not a daily pro-rata calculation.
| First enrolment month | Premium | Policy period ends | Next normal renewal |
|---|---|---|---|
| June, July or August | ₹436 | May 31 | ₹436 |
| September, October or November | ₹342 | May 31 | ₹436 |
| December, January or February | ₹228 | May 31 | ₹436 |
| March, April or May | ₹114 | May 31 | ₹436 |
The premium is taken in one instalment through auto-debit. Keep enough money in the linked bank or post-office account before the renewal debit. A failed debit or closed account may terminate the cover.
PMJJBY Eligibility and Age Limit
- You must hold an eligible individual account with a participating bank or post office.
- You must be 18 to 50 years old to enter the scheme.
- You must consent to auto-debit and provide the required declaration.
- You may join through only one bank or post-office account, even if you hold several accounts.
- Annual renewal may continue up to age 55, subject to timely premium payment and the scheme terms.
- Eligible joint-account holders may each join separately and pay the applicable premium.
- An NRI with an eligible account at an Indian branch may join, but a claim is paid in Indian currency.
Read the latest Department of Financial Services PMJJBY guidance before applying. The participating institution may ask for Aadhaar or other permitted KYC records, nominee information and an auto-debit mandate.
Coverage Period and the 30-Day Lien
The normal PMJJBY policy period runs from June 1 through May 31. A first-time member who joins later receives cover from the premium auto-debit date through the following May 31. The calculator estimates the remaining calendar days in that first period.
For first-time and rejoining subscribers, non-accidental death during the first 30 days is not covered. Accidental death is covered from the joining date, subject to the policy conditions and claim verification. The calculator adds 30 days to the selected debit date to show the estimated date from which non-accidental death cover becomes available.
A continuous renewal does not normally restart the new-member lien. Do not select continuous renewal after a break in coverage. If the premium failed, the account closed or you opted out, confirm rejoining treatment with the bank or insurer.
What Does the ₹2 Lakh Benefit Cover?
PMJJBY pays ₹2 lakh on the insured member's death due to any cause, subject to the lien and other scheme rules. Natural death, illness, accident, suicide, murder and natural calamity are included under the any-cause design, subject to valid membership and claim examination.
The payment goes to the registered nominee. PMJJBY does not pay for disability, hospitalisation, unemployment or survival to the end of the policy year. It has no maturity or surrender value. Pradhan Mantri Suraksha Bima Yojana, or PMSBY, is a separate accident insurance scheme and includes accidental death and specified disability benefits.
The calculator shows ₹456 as a simple annual reference for ₹436 PMJJBY plus ₹20 PMSBY. It does not combine the two benefits because they cover different risks and have different eligibility, claim and renewal rules.
PMJJBY Versus PMSBY and Term Insurance
| Feature | PMJJBY | PMSBY | Individual term plan |
|---|---|---|---|
| Main protection | Death due to any cause | Accidental death or specified disability | Life cover under chosen policy terms |
| Current annual premium | ₹436 | ₹20 | Depends on age, health, cover and term |
| Standard cover | ₹2 lakh | Up to ₹2 lakh | Chosen sum assured, often much higher |
| New entry age | 18–50 | 18–70 | Insurer-specific |
| Maturity value | None | None | Usually none for pure term cover |
PMJJBY and PMSBY provide low-cost baseline protection. An earning member with dependants, loans or long-term goals usually needs more life cover. Compare a regulated term plan based on health, income, liabilities, dependants and the years for which support is needed.
How Much Life Insurance Cover Might You Need?
An income multiple is a quick screening method. It is not a full needs analysis. A more complete calculation adds outstanding loans, children's education, essential family expenses and other goals, then subtracts usable financial assets and existing life insurance.
Needs-based cover = liabilities + future goals + family income need − usable assets − existing cover
This calculator uses 10×, 15× or 20× annual income only to make the gap visible. A non-earning caregiver may still need life cover because replacing childcare and household work has a cost. Review your requirement after marriage, childbirth, a home loan, a major income change or a material increase in family expenses.
Nominee and PMJJBY Claim Process
Keep the nominee's name, relationship, date of birth, mobile number and address accurate. Tell the nominee which bank or post-office account carries the cover and where the certificate or acknowledgement is stored.
After the insured member's death, the nominee should contact the participating bank or post office, obtain the prescribed claim form and provide the death certificate, nominee KYC, account details and other requested records. The official form says the claim should preferably be submitted within 30 days of death. The institution forwards documents to its partner insurer for verification and settlement.
Use the latest official PMJJBY claim form. Do not rely on this calculator as proof of coverage. A premium debit, scheme certificate and insurer records are more important.
Limitations of This PMJJBY Calculator
The lifetime-cost result assumes the annual premium remains ₹436 and approximates renewal years from the entered completed age. Actual eligibility depends on age near birthday, enrolment date, continuous coverage, debit success and insurer records. A birthday during a policy period may change the final renewal count.
The coverage-day result uses calendar dates. The income-multiple figure does not account for tax, inflation, investment assets, spouse earnings, existing employer benefits, debts or goal timing. The tool does not determine whether a claim is payable and does not replace official scheme rules or professional insurance advice.
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Frequently Asked Questions
What is the PMJJBY premium in 2026?
The full annual PMJJBY premium is ₹436 per subscriber. First-time mid-year enrolment uses prescribed slabs of ₹436, ₹342, ₹228 or ₹114 according to the enrolment month.
How much cover does PMJJBY provide?
PMJJBY pays ₹2 lakh to the nominee if the insured member dies due to any cause, subject to active cover, the 30-day lien for non-accidental death and other scheme rules.
Who is eligible for PMJJBY?
An individual aged 18 to 50 with an eligible participating bank or post-office account may join by giving consent for auto-debit. One person may use only one account for PMJJBY cover.
Can PMJJBY continue after age 50?
Yes. A person who joined by age 50 may renew annually up to age 55, subject to premium payment and scheme terms. New entry is not allowed after age 50.
What is the 30-day lien in PMJJBY?
For a first-time or rejoining member, death from a non-accidental cause during the first 30 days is not covered. Accidental death is covered from the joining date, subject to claim rules.
Does PMJJBY have a maturity benefit?
No. PMJJBY is pure term life insurance. It has no maturity amount, survival benefit, surrender value or investment return.
Can a person hold PMJJBY through two bank accounts?
No. A person is eligible through one bank or post-office account only. If duplicate premiums are received, cover remains restricted to ₹2 lakh and duplicate premiums may be forfeited.
Is PMJJBY the same as PMSBY?
No. PMJJBY covers death due to any cause and currently costs ₹436 a year. PMSBY is separate accident insurance with accidental death and specified disability benefits at ₹20 a year.
Is ₹2 lakh PMJJBY cover enough?
It offers useful basic support but is usually too small to replace an earner's income for several years. Assess debts, dependants, goals, assets and existing cover to estimate a larger requirement.