Jan Suraksha Schemes Cross ₹25,000 Crore in Claims Settled Since 2015 Launch: FM

India’s flagship social security initiatives, including Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, have collectively settled claims worth over ₹25,160 crore, highlighting their growing impact on financial inclusion and social protection.

11 Years of Jan Suraksha: Strengthening Financial Security

Marking over a decade since their launch in 2015, the government’s Jan Suraksha schemes have emerged as a cornerstone of India’s financial inclusion drive. These initiatives—Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY)—were introduced by Narendra Modi on May 9, 2015.

The schemes aim to provide affordable insurance and pension coverage, particularly to underserved and vulnerable sections of society, ensuring financial protection against life’s uncertainties.

₹25,160 Crore Claims Settled Across Schemes

According to Nirmala Sitharaman, Union Finance Minister, the cumulative claims settled under PMJJBY and PMSBY have reached approximately ₹25,160 crore since inception.

This milestone reflects the scale and effectiveness of these schemes in delivering timely financial assistance to millions of families across the country.

Massive Enrolment Numbers Highlight Widespread Adoption

The Jan Suraksha schemes have witnessed remarkable participation:

• Over 270 million enrolments under PMJJBY
• More than 580 million enrolments under PMSBY
• Around 90 million enrolments under APY

These figures underline the growing awareness and acceptance of social security schemes among India’s population, particularly in rural and semi-urban areas.

PMJJBY: Providing Life Insurance Coverage

The Pradhan Mantri Jeevan Jyoti Bima Yojana offers life insurance coverage for death due to any cause at an annual premium of ₹436.

Key highlights include:

• Coverage of ₹2 lakh payable to the nominee in case of the subscriber’s death
• Eligibility for individuals aged 18 to 50 years
• Enrolment through banks and post offices

Since its launch, the scheme has settled claims exceeding ₹21,500 crore, benefiting over 1.07 million families.

Additionally, it has recorded significant participation from women and financial inclusion beneficiaries, with over 127 million female enrolments and nearly 81 million enrolments linked to Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts.

PMSBY: Affordable Accidental Insurance

The Pradhan Mantri Suraksha Bima Yojana provides accidental death and disability insurance at a highly affordable premium of ₹20 per year.

Key benefits include:

• ₹2 lakh compensation for accidental death or total disability
• ₹1 lakh compensation for partial disability
• Eligibility for individuals aged 18 to 70 years

The scheme has settled claims worth approximately ₹3,660 crore, supporting over 184,000 families.

As of April 2026, PMSBY has also seen strong participation, including over 274 million female enrolments and 193 million enrolments from PMJDY account holders.

Atal Pension Yojana: Securing Old-Age Income

The Atal Pension Yojana focuses on providing financial security during old age, particularly for workers in the unorganised sector.

Key features include:

• Guaranteed monthly pension ranging from ₹1,000 to ₹5,000 after the age of 60
• Flexible contribution options: monthly, quarterly, or half-yearly
• Eligibility for individuals aged 18 to 40 years who are not income taxpayers

The scheme is administered by the Pension Fund Regulatory and Development Authority under the National Pension System framework.

As of April 2026, APY has crossed 90 million enrolments, demonstrating its growing importance in India’s pension landscape.

Digital Push Enhances Accessibility and Efficiency

Speaking on the occasion, Pankaj Chaudhary, Minister of State for Finance, highlighted the role of digital transformation in expanding the reach of these schemes.

The introduction of the Jan Suraksha Portal has enabled:

• Easy online enrolment without visiting bank branches or post offices
• Faster and more efficient claims processing
• Timely financial assistance to beneficiaries

Digitisation has significantly improved transparency and operational efficiency, making these schemes more accessible to citizens.

Role of Stakeholders in Driving Success

Nirmala Sitharaman acknowledged the contribution of various stakeholders, including banks, insurance companies, and field-level functionaries, in ensuring the success of Jan Suraksha schemes.

Their efforts have been instrumental in spreading awareness, facilitating enrolment, and ensuring smooth claim settlements across the country.

Empowering Vulnerable Sections Through Financial Inclusion

The Jan Suraksha schemes have played a crucial role in extending financial protection to economically weaker sections. By offering low-cost insurance and pension solutions, they have helped reduce vulnerability and enhance financial resilience among millions of households.

These initiatives also align with the broader goal of inclusive growth, ensuring that no section of society is left behind in accessing financial security.

Conclusion

Over the past 11 years, the Jan Suraksha schemes have transformed India’s social security landscape. With over ₹25,160 crore in claims settled and millions of beneficiaries covered, these initiatives have demonstrated their effectiveness in providing affordable financial protection.

As enrolments continue to grow and digital innovations improve accessibility, schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, and Atal Pension Yojana are set to play an even more significant role in strengthening India’s social safety net.