evidence: - Pradhan Mantri Jeevan Jyoti Bima Yojana Age Limit - PMJJBY can be availed by people who fall under the age group of 18 to 50 years ( life covers up to age 55) and have a savings bank account. Interested people who give their consent to join and enable auto-debit can avail of the benefits of this scheme. - A life cover of Rs. 2 lakhs is available under the PMJJBY scheme at a premium of Rs.330 per annum per member and is renewable every year. If someone has a joint account, all the account holders can join the scheme, provided they meet its eligibility criteria and agree to pay the premium at the rate of Rs.330 per person. [...] Pradhan Mantri Jeevan Jyoti Bima Yojana Benefits - PMJJBY provides a death coverage of Rs 2,00,000 to the beneficiary of the policy in the case of the sudden demise of the insured person.