10 Years of Jan Suraksha Schemes (2015–2025)

The three flagship social security schemes under the Jan Suraksha Abhiyan — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY) — have completed 10 successful years since their launch on 9th May 2015 by Prime Minister Shri Narendra Modi. These schemes were introduced with the vision of “Securing the Unsecured” by offering affordable insurance and pension benefits to the poor, underprivileged, and unorganised sector workers. As of April 23, 2025, the schemes have collectively ensured social security coverage to over 82 crore beneficiaries, reinforcing the government’s commitment to financial inclusion and protection. Their 10th anniversary was marked as a significant milestone in India’s journey towards building a robust and inclusive social welfare system.

Why in the News?

The three flagship social security schemes — PM Jeevan Jyoti Bima Yojana (PMJJBY), PM Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY) — are in the news because they have completed 10 years since their launch on 9th May 2015. To mark this milestone, the Government of India highlighted their achievements, with over 82 crore enrollments recorded as of April 23, 2025. This anniversary showcases the schemes’ impact in providing financial protection and pension benefits to India’s economically vulnerable and unorganised workforce.

Background

• The three Jan Suraksha Schemes — PM Jeevan Jyoti Bima Yojana (PMJJBY), PM Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY) — were launched by Prime Minister Shri Narendra Modi on 9th May 2015, as part of a national initiative to extend affordable insurance and pension benefits to underserved sections of society.
• The schemes were envisioned to protect individuals from life’s uncertainties, such as accidents, death, and old age, by providing financial security.
• Over the last decade, these schemes have achieved significant milestones in terms of enrollments, claims settled, and financial inclusion, improving the lives of millions across India.

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

• Objective: PMJJBY provides life insurance cover for death due to any cause, offering a sum of Rs. 2 lakh to the beneficiary’s family in the event of the policyholder’s death.
• Eligibility: Available for individual bank/Post office account holders aged 18-50 years.
• Premium: The premium is Rs. 436 per annum, or about Rs. 1.19 per day, to be deducted through auto-debit from the policyholder’s bank or post office account.

Achievements

• As of April 23, 2025, the scheme has recorded 23.63 crore enrollments, with a total of Rs. 18,397.92 crore paid out for 9,19,896 claims.
• 10.66 crore women have enrolled in PMJJBY, and 7.08 crore enrollments were from PM Jan Dhan Yojana (PMJDY) account holders.

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

• Objective: PMSBY aims to provide accidental death and disability cover. In case of accidental death or permanent disability, the scheme provides a sum of Rs. 2 lakh for death and Rs. 1 lakh for partial disability.
• Eligibility: All bank/Post office account holders aged 18-70 years.
• Premium: The premium for the scheme is extremely low — only Rs. 20 per annum or less than Rs. 2 per month. It is deducted via auto-debit.

Achievements

• As of April 23, 2025, the scheme has enrolled 51.06 crore individuals, with Rs. 3,121.02 crore paid for 1,57,155 claims.
• 23.87 crore women and 17.12 crore PMJDY account holders are enrolled under this scheme.

Atal Pension Yojana (APY)

• Objective: APY aims to provide a pension to individuals, especially from the unorganised sector, who do not have access to formal pension schemes. Upon reaching 60 years of age, subscribers receive a guaranteed monthly pension ranging from Rs. 1,000 to Rs. 5,000, depending on the contributions made during their working years.
• Eligibility: Open to bank account holders aged 18-40 years, non-tax payers, and without a formal pension plan.
• Premium and Contribution: The contributions vary based on the pension amount chosen (Rs. 1,000 to Rs. 5,000). The scheme is designed to offer flexibility in contributions, with options to pay on a monthly, quarterly, or half-yearly basis.

Achievements

• By April 23, 2025, more than 7.66 crore individuals have enrolled in APY.
• Around 47% of these subscribers are women, demonstrating significant female participation.

Key Highlights and Impact of the Jan Suraksha Schemes:

• Financial Inclusion: All three schemes play a crucial role in enhancing financial inclusion, particularly for the poor and underprivileged sections of society, many of whom were previously excluded from financial services.
• Simplified Enrollment and Claims Process: The introduction of the Jan Suraksha Portal has significantly simplified the enrollment process, making it accessible without the need to visit banks or post offices. Digitization of claims has ensured quicker disbursement, benefiting families in times of crisis.
• Inclusivity and Coverage: The schemes have been instrumental in covering millions of women, PMJDY account holders, and individuals from rural areas, thus ensuring that no one is left behind in India’s journey towards social security.
• Significant Impact on the Vulnerable: With a cumulative payout of Rs. 21,518.94 crore across all schemes by April 2025, the Jan Suraksha schemes have significantly impacted millions, offering timely financial aid to families in need.