Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Atal Pension Yojana (APY)

Key Feature of the Scheme:

·         One-year renewable life insurance scheme providing coverage for death due to any reason.

·         Implemented through LIC and other life insurance companies via banks and post offices.

·         One-year renewable accidental insurance scheme providing accidental death and disability cover through the public sector and other general insurance companies.

·         Government-backed pension scheme aimed at creating universal social security, especially for workers in the unorganised sector.

·         Administered by PFRDA under the National Pension System (NPS).

Eligibility Conditions:

·         Individual bank/post office account holders aged 18–50 years with auto-debit consent.

·         Only one account can be used for enrolment.

·         Individual bank/post office account holders aged 18–70 years with auto-debit consent.

·         Only one account can be used for enrolment.

·         Open to bank account holders aged 18–40 years who are not income-tax payers.

Enrolment Period:

·         Coverage period is from 1 June to 31 May every year.

·         Coverage period is from 1 June to 31 May every year.

·         Continuous enrolment available through banks and digital platforms.

Premium:

·         ₹436 per annum through auto-debit. Pro-rata premium applicable for delayed enrolment.

·         ₹20 per annum through auto-debit.

·         Contribution amount varies depending on the pension amount selected and the age of entry. Contributions can be made monthly, quarterly, or half-yearly.

Benefits:

·         ₹2 lakh insurance cover payable on death due to any cause.

·         A 30-day lien period applies from the date of enrolment.

·         Guaranteed minimum monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 after attaining 60 years of age.

·         Pension continues to spouse after subscriber’s death, and corpus is returned to nominee thereafter.

Achievements (As on 29 April 2026):

·         Cumulative enrolments crossed 27.43 crore.

·         Claims worth ₹21,512.50 crore were settled for over 10.75 lakh beneficiaries.

·         Female enrolments stood at 12.72 crore, while PMJDY account holder enrolments reached 8.09 crore.

·          Cumulative enrolments exceeded 58.09 crore.

·         Claims worth ₹3,667.52 crore were settled for over 1.84 lakh beneficiaries.

·         Female enrolments reached 27.45 crore, and PMJDY account holder enrolments stood at 19.30 crore.

·         More than 9.04 crore individuals had enrolled under the scheme.

·         Women constituted nearly 49% of total subscribers.