Jan Suraksha schemes bring insurance, pension within reach of common man: FM Nirmala Sitharaman
The Hindu
“The number of people who have enrolled and benefitted from the above schemes over the last seven years is a testimony to their success,” Finance Minister Nirmala Sitharaman said
Finance Minister Nirmala Sitharaman on May 9 said the three Jan Suraksha schemes —Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana — have brought insurance and pension within the reach of the common man.
“The number of people who have enrolled and benefitted from the above schemes over the last seven years is a testimony to their success,” she said on the occasion of 7th anniversary of the launch of the three social security schemes. These schemes were launched by Prime Minister Narendra Modi on May 9, 2015.
“Under PMJJBY, a cumulative number of 12.76 crore persons have enrolled since inception for life cover and families of 5,76,121 persons have received claims for ₹11,522 crore under the scheme. The scheme has proved extremely useful for low-income households during pandemic as in FY21, almost 50% claims paid out were due to COVID-19 deaths," she said.
“Major changes were brought in the claim settlement process for quick and easy settlement of claims during the pandemic and these changes brought in for easy settlement of claims are still continuing. Since the beginning of the pandemic i.e., April 1, 2020 till February 23, 2022, a total of 2.10 lakh claims amounting to ₹4,194.28 crore were paid with a settlement rate of 99.72%,” she said.
The Finance Minister said that in a similar spirit, 28.37 crore individuals have enrolled for accident cover since the launch of Pradhan Mantri Suraksha Bima Yojana (PMSBY) and an amount of ₹1,930 crore has been paid towards 97,227 claims.
While Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) offers life insurance cover of ₹2 lakh, PMSBY offers accidental death or total permanent disability cover of ₹2 lakh and permanent partial disability cover of ₹1 lakh.