Finance Minister Nirmala Sitharaman on Saturday said the Jansuraksha schemes, which includes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), have settled claims worth Rs 25,160 crore since their launch in 2015.
She said that PM Modi launched the Jan Suraksha schemes comprising PM Jeevan Jyoti Bima Yojana, PM Suraksha Bima Yojana and Atal Pension Yojana (APY) to provide low cost insurance and pension benefit.
More than 27 crore, 58 crore and 9 crore enrolments have been done under PMJJBY, PMSBY & APY, respectively, Sitharaman said, citing data on the 11th anniversaries of the schemes.
The PMJJBY is designed to provide life insurance cover for death due to any reason at premium of less than Rs 2 per day. The PMSBY is structured to provide accidental death and disability cover for death or disability on account of an accident, up to Rs 2 lakh to persons aged between 18 and 70 years, at a minimal premium of less than Rs 2 per month.
APY was launched to create a universal social security system for all Indians, especially the poor, the underprivileged and the workers in the unorganised sector. It is an initiative of the government to provide financial security and cover future exigencies for the people in the unorganised sector.
“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," Union Minister of State for Finance Pankaj Chaudhary said.
He said that 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.
