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Jan Suraksha Schemes Hit 94.5 Crore Enrolments in 11 Years

The three Jan Suraksha Schemes have achieved 94.5 crore cumulative enrolments over 11 years. PMJJBY and PMSBY have settled claims worth over Rs 21,500 crore and Rs 3,660 crore respectively. Finance Minister Nirmala Sitharaman praised stakeholders for the schemes' success. Digitisation through the Jan Suraksha Portal has simplified enrolment and claims processing.

Key Points: Jan Suraksha Schemes: 94.5 Crore Enrolments in 11 Years

  • PMJJBY, PMSBY, APY reach 94.5 crore enrolments
  • PMJJBY: 27.43 crore, claims over Rs 21,500 crore for 10.7 lakh families
  • PMSBY: 58.09 crore, claims nearly Rs 3,660 crore for 1.84 lakh families
  • APY: 9.04 crore enrolments
  • Digitisation via Jan Suraksha Portal simplifies enrolment and claims
2 min read

Financial inclusion: 3 Jan Suraksha Schemes reach 94.5 crore in cumulative enrolments

India's three Jan Suraksha schemes reach 94.5 crore cumulative enrolments in 11 years, providing low-cost insurance and pension to underserved sections.

"A key focus of the schemes has been digitisation and simplification of enrolment and claims. - Pankaj Chaudhary"

New Delhi, May 9

Three Jan Suraksha Schemes, which completed 11 years of providing social security cover, have reached 94.5 crore in cumulative enrolments, the government said on Saturday.

Launched on May 9, 2015 by Prime Minister Narendra Modi, the schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY) - were envisioned to extend affordable financial protection to all, particularly the underserved and vulnerable sections of society.

The cumulative enrolments under PMJJBY have been more than 27.43 crore; under PMSBY, more than 58.09 crore people have enrolled and more than 9.04 crore individuals have enrolled in the APY scheme (till April 30).

Finance Minister Nirmala Sitharaman said that PM Modi launched the Jan Suraksha Schemes to provide low-cost insurance and pension benefits.

Citing data on the 11th anniversaries of the Jan Suraksha Schemes, Sitharaman said that 27.43 crore, 58.09 crore and 9.04 crore enrolments have been done under PMJJBY, PMSBY and APY, respectively.

On the PMJJBY scheme, Finance Minister said the scheme has settled claims worth more than Rs 21,500 crore for over 10.7 lakh families.

Notably, the PMSBY scheme has settled claims worth nearly than Rs 3,660 crore for over 1.84 lakh families.

"As we mark the 11th anniversary of the Jan Suraksha schemes, heartfelt appreciation for all the stakeholders, including field functionaries of banks and insurance companies, whose dedicated efforts have made these schemes a huge success", Sitharaman noted.

Union Minister of State for Finance, Pankaj Chaudhary said that the objective of these schemes is to provide insurance coverage and pension support to the poorest of the poor.

"A key focus of the schemes has been digitisation and simplification of enrolment and claims. The launch of the online Jan Suraksha Portal has made it possible for citizens to enrol conveniently without visiting bank branches or post offices. Digitising the claims process has ensured faster settlements, enabling timely support to bereaved families when they need it the most," the minister informed.

These flagship schemes aim to broaden the insurance and pension landscape by shielding citizens against life's uncertainties and fostering long-term financial resilience.

- IANS

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Reader Comments

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Sarah B
94.5 crore enrolments is impressive, but I wonder how many are active. My domestic help enrolled in PMSBY but her bank auto-debits failed after 6 months. The government should fix the auto-renewal system. Still, the concept is brilliant for a country with minimal insurance penetration.
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Priya S
My mother started Atal Pension Yojana at age 35 – now she's 45 and contributing ₹200/month. After 60 she'll get ₹5,000 pension. This is game-changer for women who never had formal employment. But why is the pension amount so low for inflation? Should be indexed to CPI.
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Rohit P
Over 10.7 lakh families got claims worth ₹21,500 crore under PMJJBY – that's about ₹2 lakh per family. Good but barely covers funeral costs in cities. Still better than nothing. The digitization of claims is the real win – my neighbor got claim settled in 10 days online without any agent.
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James A
I work in a rural bank in MP. These schemes have genuinely helped poor families avoid debt traps when a breadwinner dies. But many enrolments are forced by agents meeting targets. The PMSBY accident cover of ₹2 lakh is inadequate for serious accidents. Needs enhancement to ₹5 lakh at least.
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Kavya N
Nine crore people in Atal Pension Yojana! That's like the population of Germany. But the ₹1,000-5,000 monthly pension from age 60 – will that be enough in 2040? The government should study whether subscribers can afford higher contributions. Also, why no health insurance component in these schemes?

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