The government’s three flagship Jan Suraksha schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY) — have completed 11 years of operation. Launched on May 9, 2015, the schemes were introduced to provide affordable insurance and pension coverage to millions of Indians, especially people from low-income and unorganised sectors.
Over the past decade, the schemes have significantly expanded India’s social security framework by offering low-cost life insurance, accident insurance, and pension benefits.
Why in News?
The Jan Suraksha schemes completed 11 years on May 9, 2026. On the occasion, Union Finance Minister Nirmala Sitharaman highlighted the achievements of PMJJBY, PMSBY, and APY, noting that together they have recorded massive enrolments and helped millions of families across the country.
The government also emphasised the role of digitisation and simplified enrolment in increasing participation under these schemes.
Key Highlights of the Jan Suraksha Schemes
- PMJJBY recorded over 27 crore enrolments
- PMSBY crossed 58 crore enrolments
- APY registered more than 9 crore subscribers
- Claims worth over ₹21,500 crore settled under PMJJBY
- PMSBY settled claims worth around ₹3,660 crore
- Online Jan Suraksha Portal simplified enrolment and claims process
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
What is PMJJBY?
Pradhan Mantri Jeevan Jyoti Bima Yojana is a low-cost life insurance scheme that provides coverage in case of death due to any reason. The scheme offers ₹2 lakh insurance coverage at an annual premium of ₹436.
It is available for individuals between 18 and 50 years of age holding bank or post office accounts.
PMJJBY Key Features
- Life insurance cover of ₹2 lakh
- Annual premium of ₹436
- One-year renewable policy
- Auto-debit facility from bank account
- Managed through LIC and other insurers
PMJJBY Achievements
As of April 29, 2026:
- More than 27.43 crore enrolments recorded
- Claims worth ₹21,512.50 crore settled
- Over 10.75 lakh claims paid
- 12.72 crore female beneficiaries enrolled
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
What is PMSBY?
Pradhan Mantri Suraksha Bima Yojana provides accidental death and disability insurance cover. The scheme offers up to ₹2 lakh coverage at a premium of only ₹20 per year.
The scheme is available for individuals aged between 18 and 70 years.
PMSBY Key Features
- Accident insurance cover up to ₹2 lakh
- Annual premium of ₹20
- Renewable every year
- Covers accidental death and disability
- Auto-debit payment facility available
PMSBY Benefits
| Benefit | Amount |
|---|---|
| Death due to accident | ₹2 lakh |
| Total disability | ₹2 lakh |
| Partial disability | ₹1 lakh |
PMSBY Achievements
As of April 29, 2026:
- More than 58.09 crore enrolments
- Claims worth ₹3,667.52 crore settled
- Over 1.84 lakh claims paid
- 27.45 crore women enrolled
Atal Pension Yojana (APY)
What is Atal Pension Yojana?
Atal Pension Yojana is a pension scheme aimed mainly at workers in the unorganised sector. It guarantees a monthly pension after the age of 60 years.
The scheme is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
APY Key Features
- Open to people aged 18–40 years
- Guaranteed monthly pension after 60 years
- Pension options from ₹1,000 to ₹5,000
- Contributions can be monthly, quarterly, or half-yearly
- Focus on unorganised sector workers
APY Achievements
As of April 30, 2026:
- More than 9.04 crore enrolments
- Women account for around 49% of subscribers
Government Statements on Jan Suraksha Schemes
Finance Minister Nirmala Sitharaman said the schemes were launched to provide low-cost insurance and pension support to citizens, particularly vulnerable sections of society. She appreciated the efforts of banks, insurance companies, and field staff in making the schemes successful.
Minister of State for Finance Pankaj Chaudhary highlighted that digitisation and the online Jan Suraksha Portal have made enrolment and claim settlement easier and faster.
Why These Schemes Matter
The Jan Suraksha schemes have become an important part of India’s financial inclusion efforts.
Key Significance
- Expands social security coverage
- Supports low-income families
- Encourages financial inclusion
- Provides affordable insurance access
- Strengthens pension security for unorganised workers
The schemes have also increased awareness about insurance and retirement planning among rural and economically weaker sections.
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