Page 44 - NIS ENGLISH 1-15 May, 2026

FLAGSHIP | Social Security

Pradhan Mantri Jeevan Jyoti Bima Yojana

Jeevan Jyoti Bima for just ₹436 annually i.e, ₹1.20 per day

Radha’s husband was a daily-wage laborer. He passed away suddenly.
There were no savings, no land, and no one to provide her with financial
support. Then, a few days after her husband’s death, an insurance
representative visited her and informed her that her husband had been
registered under the Pradhan Mantri Jeevan Jyoti Bima Yojana. The
financial assistance of ₹2 lakh received as insurance compensation gave
Radha the hope to get back on her feet and start her life afresh.
This insurance scheme was launched on May 9, 2015. The
scheme was announced during the 2015 Union Budget, at
a time when it was observed that only about 20% of the
population possessed any form of insurance coverage.
While launching the scheme, Prime Minister Modi stated
that, typically, such insurance policies require a medical
examination, and the insurance company decides who
qualifies for coverage and who does not. However, under
this scheme, one simply needs to fill out a form; even if you
are unwell, you can still avail of this insurance coverage.

More about the PMJJBY
n The eligible age for enrolling in this insurance Total Claims Total Claims 26.31
scheme is 18 to 50 years. 10,23,789
n Registration facilities are available at bank Claim Settlement 21,385 2025-26* 20.07 Jan 31, 2026.
branches, post offices, or online. 2016-17 (Jan 2026)
n The annual premium is ₹436.
n A compensation of ₹2 lakh 16.00
is provided in the event PMJJBY
of death regardless of the
cause during the insurance enrolments 12.77
coverage period. have increased
n To be eligible, it is 2.5 times over 10.32
mandatory to hold an the past 5
account with a bank Note: Figures are in crores; data for the financial year 2025-26 is as of
or post office and to years.
authorize the auto-
debit facility.
Note: PMJJBY beneficiaries 2.96 3.12 7.08
53% 74% are 5.34 5.99
people
women from rural areas.
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26*

poor do not seek mere handouts; rather, they seek Mantri Suraksha Bima Yojana, over 26 crore people
empowerment. He asserted that if empowered, the through the Pradhan Mantri Jeevan Jyoti Bima Yojana,
poor are fully prepared to wage their own battle and over 8.71 crore people through the Atal Pension
against poverty. Today, this empowerment has Yojana. Under these two insurance schemes alone,
reached over 57 crore people through the Pradhan claims amounting to over ₹21,500 crore have been

42 NEW INDIA SAMACHAR || May 01-15, 2026