News: India is marking the 10th anniversary of the three flagship social security schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY) — launched by Prime Minister Narendra Modi on 9 May 2015. Three Jan Suraksha Schemes.
About the Jan Suraksha Schemes
1. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
- Purpose: Provides life insurance coverage for death due to any reason.
- Eligibility: Individuals aged 18–50 years with a bank or post office account, who give consent to join.
- Premium: Rs. 436 per annum (auto-debited from the account).
- Benefit: Rs. 2 lakh payable on death due to any cause.
- Enrolment Cycle: Annual — June 1 to May 31. Premium amount may vary depending on the month of enrolment.
- Achievements (as of April 23, 2025):
- 23.63 crore enrolments
- Rs.18,397.92 crore disbursed for 9,19,896 claims
- 10.66 crore female subscribers
- 7.08 crore PMJDY account holders enrolled
2. Pradhan Mantri Suraksha Bima Yojana (PMSBY)
- Purpose: Offers coverage for accidental death and disability.
- Eligibility: Individuals aged 18–70 years with a bank or post office account, who give consent to join.
- Premium: Rs. 20 per annum (auto-debited from the account).
- Benefits:
- Rs. 2 lakh for death or full disability
- Rs. 1 lakh for partial disability
- Enrolment Cycle: Annual — June 1 to May 31
- Achievements (as of April 2025):
- 51 crore enrolments
- Rs. 3,121 crore disbursed for 1.57 lakh claims
3. Atal Pension Yojana (APY)
- Purpose: Provides pension coverage for workers in the unorganised sector.
- Eligibility:
- Individuals aged 18–40 years
- Must hold a bank account
- Must not be income tax payers
- Contribution: Based on age and chosen pension slab.
- Benefits:
- Guaranteed monthly pension of Rs. 1,000 to Rs. 5,000 after the age of 60
- In case of the subscriber’s death, the spouse continues to receive the pension
- After both spouse and subscriber pass away, the accumulated corpus is paid to the nominee
- In case of premature death, the spouse can choose to continue contributions until the subscriber would have turned 60
- Payment Frequency: Monthly / Quarterly / Half-yearly
- Achievements (as of April 2025): 7.6 crore enrolments
