The Centre’s flagship social security initiatives — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) — have completed 11 years, collectively recording more than 94 crore enrolments across the country and emerging as one of India’s largest financial inclusion and social protection programmes.
Launched on May 9, 2015, by Prime Minister Narendra Modi, the three Jan Suraksha schemes were designed to extend low-cost insurance and pension coverage to economically weaker and under served sections of society, particularly workers in the unorganised sector.
According to official data released by the Union Finance Ministry, cumulative enrolments under PMJJBY have crossed 27.43 crore, while PMSBY has recorded over 58.09 crore enrolments. The Atal Pension Yojana has enrolled more than 9.04 crore subscribers till April 30, 2026.
Union Finance Minister Nirmala Sitharaman said the schemes were launched with the objective of providing affordable insurance and pension protection to millions of Indians who remained outside formal financial safety nets.
“The Prime Minister launched the Jan Suraksha schemes comprising PMJJBY, PMSBY and APY to provide low-cost insurance and pension benefits,” Sitharaman said while reviewing the schemes’ 11-year performance.
The Finance Minister said PMJJBY alone has settled claims worth over Rs 21,500 crore benefiting more than 10.7 lakh families, while PMSBY has settled accident insurance claims worth nearly Rs 3,660 crore for over 1.84 lakh families.
Financial sector experts say the schemes have significantly widened the country’s social security architecture by offering insurance and pension products at extremely low premiums, making them accessible even to low-income households.
Under PMJJBY, subscribers receive life insurance coverage of Rs 2 lakh for death due to any cause at an annual premium of Rs 436. The scheme is available to bank and post office account holders in the 18-50 age group and operates through an auto-debit mechanism.
Official figures show that PMJJBY has recorded 12.72 crore female enrolments and over 8 crore enrolments from Jan Dhan account holders, reflecting its penetration among financially vulnerable households.
Similarly, PMSBY provides accidental death and disability insurance cover of up to Rs 2 lakh at an annual premium of just Rs 20. The scheme is open to individuals aged between 18 and 70 years.
As of April 29, 2026, PMSBY had paid claims worth Rs 3,667.52 crore for 1,84,662 claims. The scheme has also witnessed substantial participation from women and Jan Dhan beneficiaries, with female enrolments touching 27.45 crore.
The Atal Pension Yojana, meanwhile, was introduced to create a pension safety net for workers in the unorganised sector who often lack retirement security. The scheme guarantees a monthly pension ranging from Rs 1,000 to Rs 5,000 after the age of 60, depending on the subscriber’s contribution.
The Pension Fund Regulatory and Development Authority-administered scheme is open to bank account holders aged between 18 and 40 years who are not income tax payers.
Union Minister of State for Finance Pankaj Chaudhary said digitisation and simplification of enrolment and claims settlement processes have played a key role in expanding the reach of these schemes.
“The launch of the online Jan Suraksha Portal has enabled citizens to enrol conveniently without visiting bank branches or post offices. Digitisation of claims has ensured faster settlements and timely support to families,” he said.
Banking sector analysts believe the success of the schemes also reflects the rapid expansion of financial inclusion infrastructure in the country over the past decade, particularly through Jan Dhan accounts, direct benefit transfer systems and digital banking penetration.
With more than 94 crore cumulative enrolments and claims settlements exceeding Rs 25,000 crore, the Jan Suraksha ecosystem is increasingly being seen as a major pillar of India’s social protection framework for low-income and vulnerable populations.
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