Pradhan mantri jeevan jyoti bima yojana: The Pradhan Mantri Jeevan Jyoti Bima

The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme launched in India to provide affordable life insurance coverage to the masses, particularly targeting the underprivileged and economically weaker sections. FORMS FOR PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA HOME> FORMS APPLICATION-FORMS CLAIM-FORMS 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. They informed her that her husband had been enrolled in the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). He had paid ₹330 as an annual premium which means Radha is now eligible for ₹2 lakh as life insurance compensation. It gave her hope to stand again, live again and start her life fresh.