Between April 2017 and February 2022, a significant number of Indians enrolled in two key government insurance schemes. The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) saw over 92 million enrolments, offering life insurance cover. The Pradhan Mantri Suraksha Bima Yojana (PMSBY) attracted over 177 million enrolments, providing cover for accidental death or disability. These schemes aim to boost insurance penetration, particularly for the less privileged.
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:
Scheme
Cumulative Enrolment (01.04.2017 to 23.02.2022)
PMJJBY
9,27,78,284
PMSBY
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FAQ :
During the period from 1st April 2017 to 23rd February 2022, PMJJBY had 9,27,78,284 cumulative enrolments, and PMSBY had 17,74,81,194 cumulative enrolments.
Both schemes were launched to increase insurance penetration in India and provide insurance coverage to ordinary people, especially the poor and underprivileged sections of society.
PMJJBY offers a life insurance cover of Rs 2 lakh.
PMSBY offers accidental death or total permanent disability cover of Rs 2 lakh, and permanent partial disability cover of Rs 1 lakh.
No, there is currently no proposal to increase the insurance cover amount under PMJJBY and PMSBY.
These figures were stated by the Union Minister of State for Finance, Dr Bhagwat Kisanrao Karad, in a written reply to a question in the Lok Sabha.