Jeevan Bheema Yojana revolves around Jeevan and his wife Yojana, who are struggling with mounting debt and financial difficulties. Their fortunes appear ready to change when they come across Bheema, a stranger who looks exactly like Jeevan. Seeing an opportunity, the couple devises what seems like a foolproof plan. The idea is simple – fake Jeevan’s death and claim a lucrative insurance payout that could solve all their problems. However, things quickly go off the rails. The man presumed dead is revealed to have dangerous connections to a diamond-smuggling network, dragging Jeevan, Yojana, and everyone around them into a web of crime, deception, and escalating chaos.