Prices Increasing soon Prices Increasing Soon

Government Life Insurance Schemes

The Indian Government offers various life insurance schemes committed to helping Indian citizens secure themselves and their loved ones. These government schemes especially help the underprivileged section of society by offering affordable plans. Both state and central governments provide these life insurance policies to ensure that citizens are covered against different risks, such as disease, accident or even death.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 15% discount# for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from /month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

What are Government Life Insurance Schemes in India?

In India, Government life insurance schemes are offered by the state or the central government. These government life insurance policy are created to help people in the underprivileged section of society and ensure that insurance coverage is accessible and affordable to individuals across various socio-economic categories. Over the years, various Indian government life insurance policy have been introduced to promote social welfare and support different groups of people. Depending on the nature of these government life insurance schemes and the eligibility criteria for enrollment, premium rates may vary, ranging from fully paid to partially paid or even offered free of charge.

Top Government Life Insurance Schemes In India 2025

Here are the best government term insurance plans in India:

Government life insurance schemes in India Entry Age Premium  Sum Assured
Aam Aadmi Bima Yojana 18 to 59 years Rs. 200/annum paid by state or central government Rs. 30,000 Rs. 35,500 Rs. 75,000
Pradhan Mantri Suraksha Bima Yojana 18 to 70 years Rs. 12 Rs. 1 Lakh Rs. 2 Lakhs
Pradhan Mantri Jeevan Jyoti Bima Yojana 18 to 50 years Rs. 330/annum Rs. 2 Lakhs
Pradhan Mantri Jan Dhan Yojana 18 to 59 years Rs. 30,000 Rs. 1 Lakh built-in accidental cover for RuPay cards
Saral Jeevan Bima 18 to 65 years Starting from Rs. 476/month (for 50 Lac SA) Rs. 5 Lakhs to Rs. 50 Lakhs
  1. Aam Aadmi Bima Yojana

    The Aam Aadmi Bima Yojana is a government life insurance scheme that provides financial security to the unorganised section of the country. Here are the features of this government life insurance scheme:

    • Covers natural death, accidental death, and partial or permanent disability due to accidents.

    • Provides education coverage for dependent children if the policyholder suddenly passes away.

    • Available at affordable premiums, subsidized by the government for accessibility across economic backgrounds.

    • Aam Aadmi Bima Yojana also covers natural calamities such as floods and earthquakes.

    • Offers special coverage benefits for women, including maternity benefits.

    • To be eligible, the life assured’s family must have an annual income below the poverty line, not exceeding INR 1,00,000.

  2. Pradhan Mantri Suraksha Bima Yojana

    The PMSBY or the Pradhan Mantri Suraksha Bima Yojana is a Government life insurance schemes in India that offers coverage from death and disability of the life assured. Here are the features of this government life insurance scheme:

    • Provides insurance coverage to every individual in the country.

    • Offers INR 1 Lakh in case of permanent partial disability.

    • Provides INR 2 Lakhs in case of death or permanent and total disability.

    • Covers death and permanent loss of sight in both eyes, loss of both hands or legs or loss of one eye and one limb.

    • Available at a low annual premium of Rs. 12, making it accessible to rural populations.

  3. Pradhan Mantri Jeevan Jyoti Bima Yojana

    The PMJJBY or the Pradhan Mantri Jeevan Jyoti Bima Yojana is the government term life insurance plan that offers the death benefits to your family in your absence. Here are the features of this government life insurance scheme:

    • If the policyholder unfortunately passes away, their nominee gets a sum assured of 2 Lakhs.

    • The policy has an annual renewal benefit, continuing its benefits until the age of 55 years.

    • It allows automated premium payments linked to your bank account.

    • The policyholder can avail tax benefits upon policy purchase.

    • Policyholders can temporarily exit the policy and rejoin later if needed.

  4. Pradhan Mantri Jan Dhan Yojana

    The Pradhan Mantri Jan Dhan Yojana is one of the government life insurance schemes in India that offers financial inclusion to the underprivileged sections of the country. Here are the features of this government life insurance scheme:

    • If the policyholder unfortunately passes away, their legal nominee or heir receives a death benefit of INR 30,000.

    • Pradhan Mantri Jan Dhan Yojana offers accidental death benefits of INR 1,00,000 (raised to INR 2 Lakhs for accounts opened after 28.8.2018).

    • Eligible account holders can access an overdraft facility of up to INR 10,000.

    • Each unbanked individual gets one basic savings account.

    • PMJDY accounts qualify for Direct Benefit Transfer, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, Atal Pension Yojana, and more.

  5. Saral Jeevan Bima

    Saral Jeevan Bima are types of term insurance plans that provide financial security to the family of your loved ones at highly affordable premiums. Here are the features of this government life insurance scheme:

    • Saral Jeevan Bima Term Insurance Plan ensures financial security for your family in the unfortunate event of your death.

    • Enjoy coverage up to 70 years of age with this plan.

    • With Saral Jeevan Bima, you can choose from tele-medicals, physical medicals, or even no medicals for easy issuance.

    • Flexible premium payment terms include Single, Limited (5/10 years), and Regular options.

    • COVID-19 deaths are covered under Saral Jeevan Bima Term Insurance.

    • There are no restrictions based on occupation, education, gender, or income proof for opting into these plans.

    • Premiums for Limited and Regular Premium Payment plans can be paid annually, semi-annually, or monthly via NACH/ECS.

    • People with yearly incomes between Rs. 1 and 5 Lakhs, low educational qualifications, or self-employed people with no income proof can also purchase SJB plans.

    • Tax benefits are available under Section 80C for premiums paid and under Section 10(10D) for benefits received.

    *Note: Apart from the aforementioned government life insurance schemes, you can also buy Postal Life Insurance and Rural Postal Life Insurance plans. 

What Are The Benefits Of Government Life Insurance Schemes?

Government life insurance schemes support and uplift the weaker sections of society by providing them with affordable and inclusive financial protection. Here are a few benefits of these Government life insurance schemes in India:

  • Financial Accessibility: Government life insurance schemes provide affordable premiums, ensuring that even individuals from economically weaker sections can afford coverage.

  • Inclusive Coverage: These government life insurance policy cater to the needs of the marginalized and underprivileged sections of society, offering them access to essential financial protection.

  • Empowerment: Government schemes empower the weaker sections by offering life or term insurance coverage, giving them a sense of security and stability and enabling them to face life's uncertainties confidently.

  • Socio-Economic Upliftment: Access to these government life insurance plans can contribute to the socio-economic upliftment of weaker sections by providing financial assistance during emergencies and crises.

  • Healthcare Support: Some government life insurance schemes also offer healthcare benefits, ensuring that individuals from weaker sections can afford essential medical treatment and services.

  • Risk Mitigation: These government life insurance plans help mitigate the financial risks faced by vulnerable groups, such as the loss of income due to illness, disability, or death of the primary breadwinner.

  • Long-term Stability: Government life insurance schemes contribute to the long-term stability and well-being of weaker sections of society by promoting financial inclusion and security.

*Note: You can buy government life insurance schemes online or offline as per your preference and availability.

Wrapping It Up!

Government life insurance schemes in India are powerful tools for raising financial inclusion and social welfare, especially for the economically weaker sections of society. These policies empower individuals from marginalised communities by offering affordable premiums, inclusive coverage, and essential financial support during emergencies, contributing to their socio-economic upliftment.  

FAQs

  • Q: What are Government Life Insurance Schemes?

    Government life insurance schemes are policies or initiatives provided by state or central governments to offer affordable and accessible coverage, primarily targeting underprivileged segments of society.
  • Q: Which are the Government life insurance schemes in India 2025?

    Some of the best government life insurance schemes in India include Aam Aadmi Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Jan Dhan Yojana, and Saral Jeevan Bima.
  • Q: Can anyone avail of Government Life Insurance Schemes?

    Yes, government life insurance schemes are designed to be accessible to individuals across all socio-economic backgrounds, with varying premium rates based on eligibility criteria.
  • Q: How can one purchase Government Life Insurance Schemes?

    Government life insurance schemes can be purchased online or offline, providing individuals with the flexibility to choose based on their preferences and availability.
  • Q: Are Government Life Insurance Schemes only available for rural populations?

    No, government life insurance schemes are designed to cater to individuals from both rural and urban areas, ensuring inclusivity across different geographic locations. You can check the eligibility of the best Government life insurance schemes in India before buying them.
  • Q: What documentation is required to apply for Government Life Insurance Schemes?

    Documentation requirements for Government Life Insurance Schemes may include proof of identity, address, income, and other relevant documents per the respective scheme's guidelines.
  • How to calculate the term insurance premium online?

    Ans: You can easily calculate the term insurance premium online by using the term plan calculator online tool
  • What are the benefits of term life insurance?

    Ans: Here are 4 common benefits of term life insurance:
    • Low premium rates
    • Tax Benefits
    • Death Benefit
    • Long term coverage
  • What are the key features of term life insurance?

    Ans: Below mentioned are the key features of the best term insurance policy in India:
    • Affordable premium rates
    • Long-tenure life protection
    • Easy to understand and buy
    • Riders availability
    • Whole life protection
    • Tax benefits
  • What are the best term insurance plans in India?

    Ans: Let's understand what is term life policy here. Term insurance offers financial protection for a certain period to the policyholder, thereby, offering a lump sum payout if the policyholder unfortunately passes away during the policy term.
Premium By Age

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

© Copyright 2008-2025 policybazaar.com. All Rights Reserved

+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Need Help? Request Callback
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL