The government has reported a major milestone under its flagship social security programmes, with claims worth around ₹25,160 crore settled since the launch of the Jan Suraksha schemes in 2015. The update was shared by Finance Minister Nirmala Sitharaman on Saturday, highlighting the scale and reach of schemes designed to provide affordable insurance and pension coverage to citizens across India.
The schemes—Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY)—were launched on May 9, 2015, by Prime Minister Narendra Modi. According to official data, these programmes were designed to extend financial protection to underserved and vulnerable sections of society, helping families manage risks arising from death, disability, and old age income insecurity. Over the years, they have become one of the largest social security outreach initiatives in the country.
Under PMJJBY alone, claims worth more than ₹21,500 crore have been settled, benefiting over 10.7 lakh families, the Finance Ministry said. The scheme provides life insurance coverage of ₹2 lakh at a low annual premium of ₹436 for individuals aged between 18 and 50 years. Meanwhile, PMSBY has settled claims worth nearly ₹3,660 crore for over 1.84 lakh families, offering accidental death and disability cover at a nominal premium of ₹20 per year.
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The government also highlighted the massive enrolment numbers across the schemes. PMJJBY has recorded over 27 crore enrolments, PMSBY more than 58 crore enrolments, and APY over 9 crore enrolments since inception. Officials said these figures reflect growing awareness and participation in formal social security systems, especially among women and beneficiaries linked to Jan Dhan accounts.
The Atal Pension Yojana (APY), administered by the Pension Fund Regulatory and Development Authority (PFRDA), is aimed at workers in the unorganised sector. It promises a monthly pension ranging from ₹1,000 to ₹5,000 after the age of 60, depending on contributions made during working years. The scheme has now crossed 9 crore enrolments, offering long-term retirement security to millions of subscribers.
Speaking on the 11th anniversary of the schemes, Minister of State for Finance Pankaj Chaudhary said digital platforms such as the Jan Suraksha Portal have simplified enrolment and claim processes, allowing citizens to access benefits without visiting banks or post offices. He added that digitisation has significantly improved claim settlement speed, ensuring timely financial support to families during critical moments. Officials also acknowledged the role of banks, insurance companies, and field workers in expanding the reach of these schemes nationwide.
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