Pradhan Mantri Jan Suraksha Bima Yojana

Jansuraksha schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana have settled claims of about Rs 25,160 crore since their launch in 2015, Finance Minister Nirmala Sitharaman said on Saturday. Jan Suraksha schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY) envisioned to extend affordable financial protection to all, particularly the under-served and vulnerable sections of society, were launched by Prime Minister Narendra Modi on May 9, 2015. These flagship schemes, which completed 11 years, aim to broaden the insurance and pension landscape by shielding citizens against life's uncertainties and fostering long-term financial resilience. Citing data on the 11th anniversaries of the Jan Suraksha Schemes, Sitharaman said that over 27 crore, 58 crore and 9 crore enrolments have been done under PMJJBY, PMSBY and APY, respectively. On PMJJBY, she said the scheme has ...

The PMJJBY offers life insurance cover of Rs 2 lakh in case of death due to any reason to people in the age group of 18-50 years having a bank or post office account

This has dropped to 23,150 this financial year (April 1-September 26 period), according to data from the Jan Suraksha website

Majority of the policies (95.7 million) that were sold under the Yojana were personal accident policies