Jan Suraksha initiatives make insurance, pensions more accessible to common man: FM

Nirmala Sitharaman, the finance minister, said on Monday that the three Jan Suraksha programmes viz Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, and Atal Pension Yojana, had placed insurance and pension within reach of the average man.

n the 7th anniversary of the inauguration of the three social security programmes, she remarked that the number of people who have enrolled and benefited from them over the last seven years is proof of their effectiveness.
Prime Minister Narendra Modi announced these plans on May 9, 2015.

"Since its establishment, a total of 12.76 crore people have joined for life insurance under PMJJBY, and 5,76,121 families have received claims totaling Rs 11,522 crore." 'During the pandemic, the scheme proved particularly beneficial to low-income households, as nearly half of all claims paid out in FY21 were due to COVID-19 deaths," she stated.

During the pandemic, major adjustments were made to the claim settlement process in order to facilitate the quick and easy settlement of claims, and these changes are still in effect. She stated that from the start of the epidemic, on April 1, 2020, to February 23, 2022, a total of 2.10 lakh claims of Rs 4,194.28 crore were paid, with a settlement rate of 99.72 percent.

In a similar vein, the Finance Minister stated that since the inception of the Pradhan Mantri Suraksha Bima Yojana (PMSBY), 28.37 million people have enlisted for accident insurance, with Rs 1,930 crore paid out for 97,227 claims.
While the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) provides a life insurance cover of Rs 2 lakh, the Pradhan Mantri Swachh Bharat Bharat Bharat Bharat Bharat Bharat Bharat Bharat Bharat Bharat Bharat Bharat Bharat

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