How has PMJJBY’s cumulative enrolments surged by 699 pc since 2016?
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Synopsis
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has seen an extraordinary 699% increase in cumulative enrolments since its launch in 2016. This life insurance scheme, aimed at providing affordable coverage, has significantly impacted millions of lives across India. Discover the details behind this remarkable growth and its implications for social security.
Key Takeaways
- **699% increase** in enrolments since 2016
- Aimed at enhancing **social security** and **financial inclusion**
- Provides **Rs 2 lakh** life cover for a low premium
- Accessible to individuals aged **18 to 50 years**
- Over **53%** of beneficiaries are women
New Delhi, May 9 (NationPress) The total enrolments under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a significant life insurance program, have experienced an astonishing growth of 699 percent since 2016, as reported by the Union government on Friday, marking a decade since its inception.
Describing this as an extraordinary achievement, the government highlighted that the initiative has safeguarded millions of lives by promoting social security and financial inclusion.
According to the Ministry of Finance, “PMJJBY enrolments increased by 699 percent, from 2.96 crore in March 2016 to 23.64 crore in April 2025, covering millions under the Jansuraksha initiative,” shared through a post on social media platform X.
Launched on May 9, 2015, PMJJBY was established to tackle the stark reality that only about 20 percent of India’s populace possessed any form of insurance.
The scheme aims to make life insurance both affordable and accessible, eliminating traditional obstacles like high premiums, extensive paperwork, and medical tests.
PMJJBY provides a life insurance cover of Rs 2 lakh in the event of the subscriber’s death, regardless of the cause—natural or accidental—at an annual premium of merely Rs 436.
The policy is available to individuals aged 18 to 50 years with a savings bank or post office account, and coverage persists until the age of 55.
Enrollment does not require any medical examination; individuals can join through banks, post offices, or even online platforms.
As of March 19, PMJJBY has successfully enrolled 23.36 crore individuals. Over the decade, the scheme has processed 9,37,524 claims, out of which 9,05,139 claims were paid, disbursing a total of Rs 18,102.78 crore.
The scale of its impact is remarkable, showcasing the scheme’s extensive reach and operational prowess.
Among the total beneficiaries, more than 53 percent are women, and over 72 percent are from rural regions.
Point of View
It is imperative to acknowledge the tremendous strides made by the PMJJBY in improving insurance coverage in India. With a focus on inclusivity, the scheme has successfully reached millions, especially women and rural populations, thus reinforcing our commitment to social security and financial empowerment for all citizens.
NationPress
04/09/2025
Frequently Asked Questions
What is PMJJBY?
PMJJBY stands for Pradhan Mantri Jeevan Jyoti Bima Yojana, a life insurance scheme aimed at providing affordable coverage to the Indian population.
How much life cover does PMJJBY provide?
PMJJBY offers a life insurance cover of Rs 2 lakh in case of death from any cause for an annual premium of just Rs 436.
Who is eligible to enroll in PMJJBY?
Individuals aged 18 to 50 years with a savings bank or post office account can enroll in PMJJBY.
Is a medical examination required for enrollment?
No, enrollment in PMJJBY does not require any medical examination.
How many claims have been processed under PMJJBY?
As of now, PMJJBY has processed over 9,37,524 claims, with a significant number successfully disbursed.
