Jan Suraksha enrolments near 940 million as govt weighs benefits

New Delhi: The government's flagship Jan Suraksha schemes, which offer life and accident insurance cover as well as pension benefits, have together enrolled nearly 940 million subscribers.

In a statement, the finance ministry said cumulative enrolments under the schemes launched in May 2015 stood at more than 274.3 million under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), 580.9 million under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and around 90.4 million under the Atal Pension Yojana (APY).

Finance minister Nirmala Sitharaman said claims worth more than ₹21,500 crore under PMJJBY had been settled for more than 1.07 million families. Under PMSBY, claims worth ₹3,660 crore had been settled for more than 184,000 families.


Minister of state for finance Pankaj Chaudhary said digitisation of the claims process had ensured faster settlements, enabling timely support to bereaved families, the finance ministry statement said.

The ministry said the schemes were designed to provide affordable financial protection, particularly to underserved and vulnerable sections of society.

"These flagship schemes aim to broaden the insurance and pension landscape by shielding citizens against life's uncertainties and fostering long-term financial resilience,' it said.

Earlier this week, financial services secretary M Nagaraju said the government could revise certain benefits under the Jan Suraksha schemes if ongoing deliberations progressed as planned.

"We are doing a lot of scenario analysis - what is affordability, what is the cost and what is the intermediation cost also. Once it is approved, we will know," he said.