Source: New India Samachar Vol 6, Issue 21 and PIB release of May 9, 2026
The three Jan Suraksha schemes, launched together by the PM on May 9, 2015, completed 11 years with combined registrations crossing 92 crore. Before 2015, an estimated 80-90 percent of Indians had no insurance or pension cover; the trinity used the Jan Dhan banking rails to mass-distribute micro-insurance and pension.
The Trinity at 11
| Scheme | Cover | Premium | Enrolment |
|---|---|---|---|
| PMSBY (accident insurance) | Rs 2 lakh accidental death/total disability; Rs 1 lakh partial | Rs 20/year (originally Rs 12); age 18-70 | 57.11 crore (Feb 25, 2026) |
| PMJJBY (life insurance) | Rs 2 lakh death from any cause | Rs 436/year; age 18-50 | 26.31 crore (Jan 31, 2026) |
| APY (pension) | Guaranteed Rs 1,000-5,000/month from age 60 | Contributions Rs 42-1,454/month | 8.71 crore (Jan 31, 2026) |
What the Claims Data Shows
- PMJJBY: claims grew from 21,385 (2016-17) to 10,23,789; over Rs 21,500 crore settled for 10.7 lakh families (per the PIB release); 53 percent women, 74 percent rural beneficiaries
- PMSBY: nearly Rs 3,660 crore settled for 1.84 lakh families; 50 percent women, 72 percent rural
- APY: 48.76 percent of subscribers are women (4.25 crore); income-tax payers ineligible since October 1, 2022; Cabinet extended the scheme to 2030-31
- Five-year enrolment growth: PMSBY and PMJJBY roughly 2.5x; APY roughly 3x
Mains Angle
Design insight: the trinity solved distribution, not product complexity: auto-debit from Jan Dhan accounts at micro-premiums made coverage the default. Gaps: Rs 2 lakh cover has not been inflation-indexed since 2015; APY’s pension ceiling of Rs 5,000 will be modest by retirement decades; claim awareness in rural households still lags enrolment. Way forward: index covers to inflation, auto-link claims to death registration data, and use the upcoming census’s caste and occupation data for targeted enrolment of left-out informal workers.
📌 Facts Corner — Knowledgepedia
Launch and scale:
- All three launched May 9, 2015, from West Bengal; combined 92 crore+ registrations
Scheme parameters:
- PMSBY: Rs 20/year, Rs 2 lakh accident cover, age 18-70; 57.11 crore registered
- PMJJBY: Rs 436/year, Rs 2 lakh any-cause death cover, age 18-50; 26.31 crore
- APY: Rs 1,000-5,000/month guaranteed pension; 8.71 crore; tax-payers excluded since Oct 1, 2022; extended to 2030-31
Claims:
- PMJJBY: Rs 21,500 crore+ for 10.7 lakh families; PMSBY: ~Rs 3,660 crore for 1.84 lakh families
Sources: PIB, Department of Financial Services
