How Has PMJJBY Helped Families in Jharkhand Over 10 Years?

Ranchi, May 9 (NationPress) As the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) celebrates its tenth anniversary, testimonials from various parts of India illustrate the scheme's substantial influence, particularly in the Koderma and Sahibganj districts of Jharkhand, where countless individuals have discovered security and peace of mind through its straightforward yet powerful framework.

In Koderma, approximately 1.31 lakh people have registered for PMJJBY, a government-supported life insurance initiative that guarantees a cover of Rs 2 lakh for an annual premium of merely Rs 436.

Local beneficiaries regard this policy as more than mere insurance — one resident described it as a “gift from Prime Minister Narendra Modi to the impoverished,” reflecting the relief and dignity this scheme offers during challenging times.

Beneficiaries in the area recognize the unpredictable nature of life — accidents, illnesses, and unforeseen calamities can leave families devastated and financially exposed.

For them, PMJJBY provides an essential financial safety net. “Life and death are beyond our control, but this scheme ensures that our families are not left stranded,” stated another local.

While both public and private life insurance options exist, PMJJBY is distinguished by its cost-effectiveness and straightforward access.

As one beneficiary emphasized, “No private insurer offers a Rs 2 lakh cover for just Rs 436. This is feasible only through PMJJBY and Pradhan Mantri Suraksha Bima Yojana.”

The integration of PMJJBY with the comprehensive Jan Dhan Yojana framework has simplified access even further.

Individuals with Jan Dhan accounts can seamlessly enroll and claim benefits from PMJJBY along with other associated insurance schemes via their bank.

Nivas Kumar, a bank manager in the district, pointed out that a single account can unlock numerous advantages for families.

“In the case of accidental death, the beneficiary can claim rewards under PMJJBY, Pradhan Mantri Suraksha Bima Yojana, and even programs tied to the RuPay card,” he noted.

In Sahibganj, the scheme's significance continues to increase. Gopal Ghosh, a local beneficiary, commended the initiative as a crucial government intervention.

“This scheme provides a cover of Rs 2 lakh. For families lacking a safety net, it is transformative,” he remarked.

Ayodhya Kumar, a manager at UCO Bank, added that people are increasingly acknowledging the welfare-oriented aspect of the scheme.

“It’s not solely about the money. It’s about having the assurance that someone will be there for your family if anything happens to you,” he said.

As PMJJBY embarks on its second decade, voices from Koderma and Sahibganj are advocating for enhanced awareness and outreach to ensure that more citizens can reap the benefits.

“It is a blessing for the underprivileged and middle-class,” a resident commented. “The only requirement now is to guarantee that every eligible individual is informed and enrolls,” he added.