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Government Employee Life Insurance

The Indian Government extends various life insurance schemes to its employees working in various government departments. These schemes are designed to offer financial security to government employees and their families. Both state and central governments administer these schemes, aiming to protect their employees from unforeseen circumstances such as illness, accidents, or even death. This article extends information about the details of these Government Employee Life Insurance Schemes and their benefits. 

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What Is Government Employee Life Insurance?

Government employee life insurance plans are schemes for different employees working in various Indian government departments. These life insurance schemes are provided by either the state or central government. These government schemes aim to ensure that insurance coverage is accessible and affordable to individuals across various socio-economic categories. Through the years, successive Indian governments have introduced several insurance schemes, like the Postal Life Insurance for Government Employees, to promote social welfare among their employees and make sure they are financially secured. Depending on the nature of these government life insurance schemes for employees and the eligibility criteria for enrollment, premium rates may vary, ranging from fully paid to partially paid or even offered free of charge.

*Note: To check all government life insurance plans or state life insurance for government employees, you can visit myscheme[dot]gov[dot]in

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Top Government Employee Life Insurance Schemes In India 2024

Here are the government life insurance schemes in India:

Government Life Insurance Scheme 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 (PMSBY) 18 to 70 years Rs. 12 Rs. 1 Lakh
Rs. 2 Lakhs
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 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
Postal Life Insurance for Government Employees (PLI) 19 to 55 years Min: Rs. 20,000 
Max: Rs. 50 Lakhs

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  1. Aam Aadmi Bima Yojana

    Here are the features of this scheme:

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

    • Provides education coverage for dependent children in case of the policyholder's sudden demise.

    • Premiums are affordable and subsidized by the government for accessibility across economic backgrounds.

    • Aam Aadmi Bima Yojana includes coverage for natural calamities like floods and earthquakes.

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

    • Eligibility requires the life assured’s family to have an annual income below the poverty line, not exceeding INR 1,00,000.

  2. Pradhan Mantri Suraksha Bima Yojana

    Here are the features of this scheme:

    • Extends insurance coverage to every individual nationwide.

    • Provides INR 1 Lakh in the event of permanent partial disability.

    • Offers INR 2 Lakhs for 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.

    • Accessible with a low annual premium of Rs. 12, catering to rural populations.

  3. Pradhan Mantri Jeevan Jyoti Bima Yojana

    Here are the features of this scheme:

    • In case of the policyholder's demise, the nominee receives a sum assured of 2 Lakhs.

    • Offers an annual renewal benefit, extending benefits until the age of 55 years.

    • Allows automated premium payments directly linked to your bank account.

    • Provides tax benefits upon purchasing the policy.

    • Policyholders have the option to temporarily exit the policy and rejoin later if necessary.

  4. Pradhan Mantri Jan Dhan Yojana

    Here are the features of this scheme:

    • In case of the policyholder's demise, their legal nominee or heir receives a death benefit of INR 30,000.

    • Pradhan Mantri Jan Dhan Yojana provides accidental death benefits of INR 1,00,000 (increased 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 is entitled to one basic savings account.

    • PMJDY accounts are eligible for Direct Benefit Transfer, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, Atal Pension Yojana, and other schemes.

  5. Postal Life Insurance 

    All government employees, including those on contract, military personnel, local government staff, autonomous bodies, Reserve Bank of India and other financial institution employees, nationalized and commercial bank employees, postal department workers, educators in government-aided institutions and universities, professionals like doctors, engineers, lawyers, chartered accountants, employees of listed companies, and graduates and diploma holders from recognized universities and institutions are eligible to buy the Postal Life Insurance Scheme. There are 6 types of PLI plans for Indian Government Employees, including: 

    • Whole Life Assurance Policy (Suraksha): The Whole Life Assurance Policy (Suraksha) from the post office insurance scheme ensures that the policyholder, or their legal assignees or representatives, receives the assured amount along with accumulated bonuses either when the policyholder turns 80 or in the event of their death, whichever comes first.

    • Convertible Whole Life Assurance Policy (Suvidha): The Convertible Whole Life Assurance Policy (Suvidha) offers the flexibility to convert to an endowment assurance plan after five years of opting for the policy (but before the 6th year). If the policyholder passes away, the nominee, assignee, or legal heir receives the sum assured along with accrued bonuses.

    • Endowment Assurance Policy (Santosh): The Endowment Assurance Policy (Santosh) provides life coverage for a specified term, offering the policyholder the sum assured with accrued bonuses upon reaching the predetermined maturity age (between 35 to 60 years).

    • Anticipated Endowment Assurance Policy (Sumangal): The Anticipated Endowment Assurance Policy (Sumangal) is a money-back plan offering a maximum life cover of Rs. 50 Lakhs. It's designed for individuals seeking periodic returns. With this plan, survival benefits are paid at regular intervals.

    • Joint Life Assurance Plan (Yugal Suraksha): The Joint Life Assurance Plan (Yugal Suraksha) is designed for couples where at least one spouse qualifies for a Postal Life Insurance scheme. Both spouses receive life coverage up to the specified Sum Assured, and bonuses are accumulated with a single premium payment.

    • Children Policy (Bal Jeevan Bima): The Children Policy (Bal Jeevan Bima) is designed to provide insurance coverage for the children of individuals who are enrolled in a Postal Life Insurance scheme.

    Here are the features of the scheme:

    • Paying your PLI premium in advance earns you a discount of 1% for a 6-month policy and 2% for a 12-month policy.

    • Claims under the postal life insurance scheme are processed easily and quickly due to its centralized accounting system.

    • You can transfer your post office insurance scheme to any circle within the country without incurring any extra charges.

    • PLI premiums can be paid annually, semi-annually, or monthly on any working day before the due date.

    • Premiums paid under the Postal Life Insurance scheme are eligible for tax benefits under section 80C of the Income Tax Act.

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

What Are The Benefits Of Government Employee Life Insurance Schemes?

Government employee life insurance schemes, or state life insurance for government employees, are crucial in supporting and uplifting the hard working employees of the Indian government by providing them with affordable and inclusive financial protection. Here are a few benefits of these government schemes:

  • Comprehensive Coverage: Employees receive coverage for various risks such as natural death, accidental death, and disability.

  • Financial Security: The government employee life insurance are like life and term insurance plans that provide financial security to employees and their families in case of unfortunate events.

  • Education Coverage: Dependents of the policyholders receive education coverage, ensuring their educational needs are met.

  • Affordable Premiums: Premiums are set at affordable rates, making the insurance accessible to government employees working in any department.

  • Tax Benefits: Employees can avail tax benefits on the premiums paid under relevant sections of the Income Tax Act.

  • Flexibility in Premium Payment: Employees can choose from various premium payment modes such as annual, semi-annual, or monthly, depending on their convenience.

  • Additional Coverage: Some schemes may offer additional benefits such as coverage for natural calamities or special benefits for women.

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

Wrapping It Up!

Government Employee Life Insurance Schemes provide comprehensive coverage, financial security, and peace of mind to employees and their families. With affordable premiums, tax benefits, and flexible payment options, these schemes ensure that government employees are well-protected against various risks throughout their careers. These government schemes support the policyholders and their families during emergencies and contribute to their socio-economic upliftment. 

Note: It is suggested to calculate the term plan premium on the term insurance premium calculator online tool by Policybazaar before buying.


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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



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