evidence: PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is an annual renewal life insurance scheme providing ₹2,00,000 coverage for the policyholder's demise. The premium is just ₹330 per year, making it highly affordable. It aims to extend life insurance benefits to the masses, particularly the underprivileged and the economically weaker sections, ensuring financial security for families in the event of any unforeseen circumstances. In this article, we'll explore the different aspects of the PMJJBY scheme. [...] Launched by the Government, PMJJBY is a life-insurance scheme that offers coverage with an affordable annual premium. This initiative acknowledges that traditional life insurance might not align with the budget of families facing financial constraints. To address this issue, the Indian Government introduced the PMJJBY scheme, with the goal of making life insurance accessible to individuals across different income groups. [...] The following are the main benefits offered by the PMJJBY scheme.