Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed life insurance scheme that offers affordable financial protection to individuals and their families. It provides life cover in case of the policyholder’s death and is designed to support people with low-cost insurance access. The scheme is available through participating banks and offers a simple enrollment process with annual renewable coverage. It is a practical option for those seeking basic life insurance security at a budget-friendly premium.