Jansuraksha Schemes Settle Rs 25,160 Crore in Claims Since Launch
Finance Minister highlights significant claim settlements under government's social security schemes.
Source: GNews PM SchemeThe Finance Minister announced that Jansuraksha schemes have settled claims worth Rs 25,160 crore since their inception. These schemes, including Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY), aim to provide social security and financial protection to the unorganised sector and low-income groups. The substantial amount of settled claims indicates the schemes' reach and effectiveness in providing financial relief to beneficiaries during unforeseen circumstances like death or disability. This initiative is crucial for
- Jansuraksha schemes have settled claims totaling Rs 25,160 crore since their launch.
- The schemes include Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY).
- PMJJBY offers life insurance cover, PMSBY provides accidental death and disability cover, and APY focuses on old age income security.
- These schemes are designed to provide affordable social security to the unorganised sector and low-income households.
- The high claim settlement figure highlights the schemes' impact on financial inclusion and protection for vulnerable sections.
A collective term for government-backed social security schemes in India, primarily including Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY). These schemes aim to provide affordable insurance and pension benefits to the unorganised sector and low-income groups, promoting financial inclusion and security.
A government-backed life insurance scheme in India launched in 2015. It offers a renewable one-year life cover of Rs 2 lakh for death due to any cause, to individuals aged 18 to 50 years, upon payment of an annual premium. It is administered through banks and insurance companies.
A government-backed accidental insurance scheme in India launched in 2015. It offers a renewable one-year accidental death and disability cover of Rs 2 lakh for death or total permanent disability, and Rs 1 lakh for partial permanent disability, to individuals aged 18 to 70 years, for a very low annual premium. It is administered through banks.
A government-backed pension scheme in India launched in 2015, primarily aimed at workers in the unorganised 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.
Exams frequently test the names, objectives, and key features of major government social security schemes like PMJJBY, PMSBY, and APY. Focus on eligibility criteria and benefits.
Jansuraksha = Jan (people) + Suraksha (security). Remember the three main schemes: PMJJBY (Jeevan = Life), PMSBY (Suraksha = Safety/Accident), APY (Atal = Old Age Pension).