More than a decade after the launch of the Centre’s pioneering Jan Suraksha programmes, claims worth nearly Rs 25,160 crore have been paid under two major insurance schemes, and enrollments include several lakh crore across life, casualty and pension initiatives. Marking the 11th anniversary of Jan Suraksha Schemes on Saturday, Finance Minister Nirmala Sitharaman said that Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) have emerged as key pillars of affordable social security since their launch by Prime Minister Narendra Modi on May 9, 2015. The three schemes were introduced to expand financial protection for all, with a particular focus on vulnerable and disadvantaged groups, while enhancing long-term financial resilience through expanding insurance and access to pensions. Sharing the registration numbers, Sitharaman said PMJJBY crossed Rs 27 crore registrations, PMSBY crossed Rs 58 crore registrations, while APY clocked over Rs 9 crore registrations. Of the total claims settled since launch, PMJJBY accounted for over Rs 21,500 crore, benefiting over 10.7 lakh families. PMSBY, which focuses on casualty insurance, has disbursed nearly Rs 3,660 crore to over 1.84 lakh families. “As we celebrate the 11th anniversary of Jan Suraksha Schemes, we extend our deep appreciation to all stakeholders, including field staff of banks and insurance companies, whose dedicated efforts have made these schemes a huge success,” Sitharaman said.
Highlighting the impact of digitization, Minister of State for Finance Pankaj Chaudhary said the online Jan Suraksha portal has eliminated the need for physical visits to banks or post offices for registration, while online processing of claims has helped expedite assistance. “As we celebrate the 11th anniversary of the three social security (jan suraksha) schemes – PMJJBY, PMSBY and APY, let us narrate how these schemes have enabled affordable insurance and security for the people (jan suraksha) and their achievements and salient features,” he said. Under PMJJBY, individuals between the ages of 18 to 50 years can get life insurance cover of INR 2 lakh for death due to any cause by paying an annual premium of INR 436 through participating banks or post offices. By April 29, the scheme included 12.72 crore women participants and 8.09 crore PMJDY account holders, government data showed. PMSBY, available to those aged between 18 to 70 years, offers insurance against accidental death and disability at Rs 20 per annum.
It provides Rs 2 lakh in case of accidental death or total disability, and Rs 1 lakh in case of partial disability. As of April 29, 2026, the female enrollment stood at 27.45 crore, while the number of subscribers associated with PMJDY stood at 19.30 crore. The APY programme, which aims to secure post-retirement income for workers in the unorganized sector, offers guaranteed monthly pensions of between Rs 1,000 and Rs 5,000 after the age of 60, depending on the participant’s contribution.
This program is open to bank account holders not subject to income tax between the ages of 18 and 40, and operates under the supervision of the Retirement Fund Regulatory and Development Authority through the National Retirement System. The pension scheme had registered over Rs 7.66 lakh crore by April 2025, with total contributions rising to over Rs 9.04 lakh crore by April 30, 2026. Participants can choose monthly, quarterly or semi-annual payments, while in the event of death before age 60, the spouse can either continue to contribute until the original retirement age or withdraw the accumulated pool.