Union Finance and Corporate Affairs Minister Nirmala Sitharaman
Under PMSBY scheme, Sitharaman said that more than 1.15 lakh families have received claims for Rs 2,302 crore
New Delhi:
Celebrating the 8th anniversaries of the three social security (Jan Suraksha) schemes Union Finance and Corporate Affairs Minister. Nirmala Sitharaman, said that 16.2 crore, 34.2 crore and 5.2 crore enrolments have been done under — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY), respectively till 26th April 2023.
In order to ensure that the people from the unorganised section of the country are financially secure, the Government launched two insurance schemes —PMJJBY and PMSBY; and also introduced APY to cover the exigencies in the old age.
On PMJJBY scheme, the Finance Minister said that it has provided crucial support to 6.64 lakh families who have received claims for Rs. 13,290 crore.
The scheme has a life cover of Rs. 2 Lakh in case of death due to any reason against a premium of Rs 436/- per annum.
Under PMSBY scheme, Sitharaman said that more than 1.15 lakh families have received claims for Rs 2,302 crore.
PMSBY is a one-year accidental insurance scheme renewable from year to year offering coverage for death or disability due to accident.
The scheme is an accidental death cum disability cover of Rs.2 lakh (Rs.1 lakh in case of partial disability) for death or disability due to an accident against a premium of Rs.20/- per annum.
For both PMJJBY and PMSBY schemes, simplification of claim process has resulted in speedier settlement of claims, the Finance Minister added.
While recalling the vision behind the three Jan Suraksha schemes, Sitharaman said, “In 2014, the National Mission for Financial Inclusion was launched with the primary objective of ensuring that every citizen in India has access to banking facilities, financial literacy, and social security coverage as the government aimed at further promoting and advancing financial inclusion in the country.”