11 Years of Jan Suraksha Schemes: Expanding Social Security Coverage

The Jan Suraksha schemes—the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY)—launched by the Government of India on May 9, 2015, have completed 11 years of operation. The objective of these schemes was to provide insurance and pension security at an affordable cost to the poor, the underprivileged, and those belonging to the unorganized sector of society. Over the past decade, these schemes have played a pivotal role in strengthening financial inclusion and social security.

Objectives of the Jan Suraksha Schemes

¨     These schemes were launched with the spirit of "Sabka Saath, Sabka Vikas" (Support of All, Development for All), ensuring that even low-income families could access facilities such as life insurance, accident insurance, and old-age pensions. These schemes have successfully brought crores of people—who are already connected to banking services—under the umbrella of social security.

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

¨     This is a low-premium life insurance scheme under which a sum assured is provided to the family of a member in the event of their death. This scheme serves as a protective shield, particularly for economically vulnerable families.

Jan Suraksha Schemes

Aspect

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Atal Pension Yojana (APY)

Key Features

A one-year renewable life insurance scheme providing coverage against death due to any reason.
 Implemented through Life Insurance Corporation of India (LIC) and other life insurance companies via banks and post offices.

A one-year renewable accident insurance scheme providing coverage for accidental death and disability.
Implemented through public sector and other general insurance companies.

A government-backed pension scheme aimed at creating universal social security, especially for workers in the unorganised sector.
 Administered by Pension Fund Regulatory and Development Authority (PFRDA) under the National Pension System (NPS).

Eligibility Conditions

Individual bank/post office account holders aged 18–50 years.
Consent for auto-debit is mandatory.
 Only one account can be used for enrolment.

Individual bank/post office account holders aged 18–70 years.
Consent for auto-debit is mandatory.
 Only one account can be used for enrolment.

Open to bank account holders aged 18–40 years.
 Income taxpayers are not eligible.

Enrolment Period

Coverage period runs annually from 1 June to 31 May.

Coverage period runs annually from 1 June to 31 May.

Continuous enrolment facility available through banks and digital platforms.

Premium / Contribution

Annual premium of ₹436 through auto-debit.
Proportionate premium applicable for delayed enrolment.

Annual premium of ₹20 through auto-debit.

Contribution amount varies according to chosen pension amount and age at entry.
 Contributions can be made monthly, quarterly, or half-yearly.

Benefits

Insurance cover of ₹2 lakh payable on death due to any reason.
A 30-day lien period applies from the date of enrolment.

₹2 lakh payable for accidental death or total disability.
 ₹1 lakh payable for partial disability.

Guaranteed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 after attaining 60 years of age.
 Pension continues to spouse after subscriber’s death.
 Accumulated corpus is returned to nominee thereafter.

Achievements (as of 29 April 2026)

Enrolments crossed 27.43 crore.
Claims worth ₹21,512.50 crore settled for over 10.75 lakh beneficiaries.
Women enrolments reached 12.72 crore.
 PMJDY account holder enrolments reached 8.09 crore.

Total enrolments crossed 58.09 crore.
 Claims worth ₹3,667.52 crore settled for over 1.84 lakh beneficiaries.
 Women enrolments reached 27.45 crore.
 PMJDY account holder enrolments reached 19.30 crore.

Significant contribution towards expanding pension coverage in the unorganised sector.
 Wider outreach achieved through banking and digital infrastructure.