Jan Suraksha Schemes Complete 11 Years, Provide Rs 25,000 Crore Safety Net
India's social security schemes complete over a decade, benefiting millions with insurance and pension.
Source: GNews PM SchemeThe Jan Suraksha schemes, launched by the Indian government, have completed 11 years, providing a significant social security net. These schemes have disbursed over Rs 25,000 crore, offering crucial financial protection to crores of Indians. The initiative aims to make insurance and pension accessible to the unorganized sector and low-income groups. This milestone highlights the government's commitment to financial inclusion and social welfare, ensuring a safety net against unforeseen events and old-age income insecurity for a large segment of the population.
- The Jan Suraksha schemes have completed 11 years since their launch.
- These schemes have collectively disbursed over Rs 25,000 crore as a safety net.
- The initiative aims to provide insurance and pension benefits to a wide range of citizens.
- It primarily targets the unorganized sector and low-income groups for financial inclusion.
- The schemes offer protection against various risks, including accidental death, disability, and old-age income insecurity.
A set of social security schemes launched by the Government of India in 2015. They include Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY). The aim is to provide affordable insurance and pension coverage to the unorganized sector and low-income groups, promoting financial inclusion and social welfare.
A life insurance scheme offering a renewable one-year term life cover of Rs 2 lakh for death due to any reason. It is available to people in the age group of 18 to 50 years, with an annual premium of Rs 436. The scheme is administered through banks and insurance companies.
An accident insurance scheme offering a renewable one-year accidental death and disability cover of Rs 2 lakh for accidental death or total permanent disability, and Rs 1 lakh for partial permanent disability. It is available to people in the age group of 18 to 70 years, with an annual premium of Rs 20.
A pension scheme primarily aimed at workers in the unorganized sector. It provides a guaranteed minimum pension ranging from Rs 1,000 to Rs 5,000 per month after the age of 60, depending on the contributions made. Subscribers must be between 18 and 40 years of age to join.
Exams frequently test the names, launch years, and primary objectives of major government social security schemes like those under Jan Suraksha.
Remember 'Jaan Suraksha' (Life Protection) as the umbrella for PMJJBY (Jeevan Jyoti - Life Light), PMSBY (Suraksha - Safety), and APY (Atal Pension - Unwavering Pension).