Pradhan Mantri Jeevan Jyoti Bima Yojana sees cumulative enrolment of 9,27,78,284 and Pradhan Mantri Suraksha Bima Yojana sees cumulative enrolment of 17,74,81,194

The number of persons registered under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) are as under:

This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha today.

The Minister stated that state-wise claims paid during the period from 01.04.2017 to 23.02.2022 under PMJJBY & PMSBY is ANNEXED.

Giving more details, the Minister stated that PMJJBY and PMSBY were launched on 9th May, 2015 with a view to enhance the level of insurance penetration in the country and to provide insurance cover to common people, especially poor and the under-privileged sections of the society. While PMJJBY offers life insurance cover of Rs 2 lakh, PMSBY offers accidental death or total permanent disability cover of Rs.2 lakhs and permanent partial disability cover of Rs.1 lakh. There is no proposal to increase the amount for insurance cover under PMJJBY & PMSBY respectively.

As apprised by Ministry of Labour and Employment, the Minister stated, Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) Pension Scheme was launched in 2019 to provide old age protection to the workers of Unorganised sector, including domestic workers as per the eligibility criteria of the scheme. The PM-SYM is a voluntary and contributory Central Sector pension scheme for providing monthly minimum assured pension of Rs. 3000/- to the eligible beneficiary after attaining the age of 60 years. The workers in the age group of 18-40 years whose monthly income is Rs. 15000/- or less, who are not a member of Employees’ Provident Fund Organisation (EPFO), Employees’ State Insurance Corporation (ESIC), National Pension Scheme (NPS) and also not an income tax payer can join the scheme. Under the scheme, 50% monthly contribution is payable by the beneficiary and equal matching contribution is paid by the Central Government, the Minister added.

Source: Claims Portal & Insurance Companies