- May 9, 2025 marked 10 years since the launch of three flagship social security schemes:
- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
- Pradhan Mantri Suraksha Bima Yojana (PMSBY)
- Atal Pension Yojana (APY)
- Over 82 crore enrollments have been recorded across the three schemes as of April 23, 2025.
- The government has highlighted their achievements in expanding social security to India’s unorganised and economically vulnerable population.
Jan Suraksha (Social Security) initiatives.
- Launched on May 9, 2015, by Prime Minister Narendra Modi under the umbrella of Jan Suraksha (Social Security)
- Objective: To provide affordable life insurance, accident cover, and pension for individuals with little or no access to formal social protection.
- Part of broader financial inclusion drive alongside PM Jan Dhan Yojana (PMJDY) and Digital India.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
- Objective: Provides life insurance of ₹2 lakh for death due to any cause.
- Eligibility: Bank/Post Office account holders aged 18–50 years.
- Premium: ₹436 per annum (auto-debited).
Achievements:
- Enrolled:63 crore individuals.
- Claims settled: 9,19,896 claims.
- Payout disbursed: ₹18,397.92 crore.
- Women enrolled:66 crore.
- PMJDY account holders enrolled:08 crore.
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
- Objective: Offers accidental death and disability cover.
- ₹2 lakh for accidental death or total disability, ₹1 lakh for partial disability.
- Eligibility: Bank/Post Office account holders aged 18–70 years.
- Premium: ₹20 per annum (auto-debited).
Achievements:
- Enrolled:06 crore individuals.
- Claims settled: 1,57,155 claims.
- Payout disbursed: ₹3,121.02 crore.
- Women enrolled:87 crore.
- PMJDY account holders enrolled:12 crore.
Atal Pension Yojana (APY)
- Objective: Provides guaranteed pension of ₹1,000 to ₹5,000/month post-retirement.
- Eligibility: Individuals aged 18–40 years, bank account holders, non-tax payers, and without a formal pension scheme.
- Contribution: Based on age and desired pension amount; payment modes include monthly, quarterly, or half-yearly.
Achievements:
- Enrolled:66 crore individuals.
- Women subscribers: ~47%.
- Over 85% of APY subscribers are from the unorganised sector.
Key Highlights and Impact
1. Financial Inclusion Boost:
- These schemes target low-income groups, particularly women, PMJDY account holders, and those in rural and unorganised sectors.
- Enhances access to financial services and social safety nets.
2. Simplified Processes:
- Jan Suraksha Portal has enabled digital enrollments and faster claims without needing to visit banks physically.
- Integration with Aadhaar, UPI, and mobile banking improved accessibility.
3. Cumulative Impact:
- Total payout under all three schemes: ₹21,518.94 crore (as of April 2025).
- Critical during emergencies, accidents, and post-death family support.
- Enabled resilience building among the economically vulnerable.
Policy Significance and Way Forward
- Reinforces the National Social Assistance Programme (NSAP) and aligns with the UN Sustainable Development Goal 1 (No Poverty) and Goal 8 (Decent Work and Economic Growth).
- Government aims to:
- Increase awareness and outreach to ensure universal coverage.
- Enhance portability and integration with other welfare schemes.
- Continue to subsidize premiums for extremely poor households.
