EconomicsSource: Press Information Bureau
Three Jan Suraksha Schemes - Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY) complete 11 years of providing social security cover
Tuesday, 12 May 2026
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The Jan Suraksha schemes, launched on May 9, 2015, have completed 11 years, significantly impacting social security for vulnerable populations. These schemes are crucial for UPSC aspirants, particularly in GS Paper 2 and 3, focusing on social justice and economic development. Last Updated: 12-05-2026
Key Facts About Jan Suraksha Schemes
- Definition: Jan Suraksha schemes include Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and Atal Pension Yojana (APY).
- Objective: To provide affordable insurance and pension to underserved sections.
- Key Provisions: PMJJBY offers life insurance, PMSBY provides accidental cover, and APY ensures old-age income security.
- Numbers/Targets: Over 27 crore enrolments in PMJJBY, 58 crore in PMSBY, and 9 crore in APY.
- Outcomes: Claims worth ₹21,500 crore settled under PMJJBY, and ₹3,660 crore under PMSBY.
- Launch Date: Initiated on May 9, 2015.
India's Social Security Landscape
The Jan Suraksha schemes play a pivotal role in India's social security framework, aligning with the nation's goals of inclusive economic growth and poverty alleviation. These schemes enhance financial inclusion and resilience, contributing to India's strategic objectives of reducing inequality and empowering marginalized communities. Comparatively, India's approach to social security through these schemes is a model for developing nations.
UPSC Relevance
- GS Paper 2: Social Justice - Government policies for vulnerable sections.
- GS Paper 3: Economic Development - Financial inclusion and insurance penetration.
- Prelims: Facts about enrolment figures, scheme objectives, and benefits.
- Mains: Analytical themes on social security, financial inclusion, and policy effectiveness.
FAQ Section
- What are the Jan Suraksha schemes? The Jan Suraksha schemes comprise PMSBY, PMJJBY, and APY, aimed at providing affordable insurance and pension to vulnerable populations.
- Why are the Jan Suraksha schemes important? They are crucial for enhancing social security, financial inclusion, and economic resilience among underserved communities in India.
- What are the key features of these schemes? Key features include low premiums, significant enrolment numbers, and substantial claim settlements, reflecting their impact on social security.
Detailed Coverage
- Launch Date: May 9, 2015
- PMJJBY: Over 27 crore enrolments, ₹21,500 crore claims settled.
- PMSBY: Surpassed 58 crore enrolments, ₹3,660 crore claims settled.
- APY: Achieved over 9 crore enrolments, with 49% women participation.
- PMJJBY Objective: Life insurance cover for death at less than ₹2 per day.
- PMSBY Objective: Accidental cover at less than ₹2 per month.
- APY Objective: Old-age income security for unorganised sector.
- Women's Empowerment: High female enrolment in schemes.
- Challenges: Inflation affecting sum insured and pension inadequacy.
- Measures: Dynamic indexing and technological nudges for policy retention.
- Significance: Democratization of insurance and financial inclusion.
- Conclusion: Essential for achieving a Viksit Bharat by 2047.
Economics