Three Jan Suraksha Schemes Complete 11 Years
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.
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.
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.
As of April 29, 2026:
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.
| Benefit | Amount |
|---|---|
| Death due to accident | ₹2 lakh |
| Total disability | ₹2 lakh |
| Partial disability | ₹1 lakh |
As of April 29, 2026:
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).
As of April 30, 2026:
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.
The Jan Suraksha schemes have become an important part of India’s financial inclusion efforts.
The schemes have also increased awareness about insurance and retirement planning among rural and economically weaker sections.
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