PMJJBY: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Pradhan Mantri Jan Dhan Yojana (PMJDY) have made significant strides towards ensuring financial security and inclusion for ordinary people.
21.67 crore individuals have registered for the Pradhan Mantri Jeevan Jyoti Bima Yojana
The Finance Ministry stated in its report that these programs have helped millions of individuals, providing stability and security in their lives. To date, 21.67 crore individuals have registered for the Pradhan Mantri Jeevan Jyoti Bima Yojana. The program has offered assistance to over 21 crore families by providing life insurance protection of Rs 2 lakh.
47.59 crore individuals have registered for accident insurance under this scheme
As of 20 October 2024, there have been 8,60,575 claims submitted under the scheme, amounting to Rs 17,211.50 crore. The initiative seeks to offer financial stability to individuals during uncertain times. 47.59 crore individuals have registered for accident insurance under the Pradhan Mantri Suraksha Bima Yojana. Up to this point, 1,93,964 claims have been submitted, with 1,47,641 claims having been disbursed. The program offers insurance protection of ₹2 lakh with an annual premium of only ₹12, greatly benefiting low and middle-income families.
53.13 crore accounts have been established under the Pradhan Mantri Jan Dhan Yojana. Among these, 55.6% of account holders are female, and 66.6% of the accounts are located in rural and semi-urban regions. This initiative has significantly contributed to linking the economically disadvantaged groups to banking services. The overall deposit total in Jan Dhan accounts stands at Rs 2,31,236 crore. By August 15, 2024, accounts have increased by 3.6 times and deposits have risen 15 times.
Programs are reaching all segments of society
The Finance Ministry states that these programs are reaching all segments of society and are effective in enhancing financial awareness. The effective execution of these programs has enhanced financial inclusion and safety in the nation.