Why in the News?
The 3 Jansuraksha Schemes— Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) launched by PM Modi on May 9, 2015, have completed 10 years of providing social security coverage to citizens.
About the Jansuraksha Schemes:
| Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) | Pradhan Mantri Suraksha Bima Yojana (PMSBY) | Atal Pension Yojana (APY) | |
| Type | Accidental Insurance | Life Insurance | Pension Scheme |
| Eligibility Age | 18 to 70 years | 18 to 50 years | 18 to 40 years (non-taxpayers) |
| Premium | ₹20 per annum | ₹436 per annum | Varies by age and pension amount |
| Coverage/Benefit | ₹2 lakh (death/total disability), ₹1 lakh (partial) | ₹2 lakh (death due to any cause) | ₹1,000–₹5,000 monthly pension after age 60 |
| Policy Term | 1 year (June 1 – May 31), renewable | 1 year (June 1 – May 31), renewable | Contribution till age 60; pension begins post-60 |
| Premiums Payment |
Auto-Debit: Yes (from bank/post office account) | Auto-Debit: Yes (from bank/post office account) | Auto-Debit: Yes (monthly/quarterly/half-yearly options) |
| Administered By | Public Sector General Insurance Companies (PSGICs) and other insurers in partnership with participating banks or post offices | Life Insurance Corporation of India (LIC) and other participating life insurers, through tie-ups with banks or post offices | Pension Fund Regulatory and Development Authority (PFRDA), implemented through banks and post offices |
| Achievements (as of 2025) | 51.06 crore enrolments; ₹3,121.02 crore paid for 1,57,155 claims; 23.87 crore female and 17.12 crore PMJDY enrolments | 23.63 crore enrolments; ₹18,397.92 crore paid for 9,19,896 claims; 10.66 crore female and 7.08 crore PMJDY enrolments | 7.66 crore enrolments; ~47% are women subscribers |
| [UPSC 2016] Regarding ‘Atal Pension Yojana’, which of the following statements is/are correct?
1. It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers. 2. Only one member of a family can join the scheme. 3. Same amount of pension is guaranteed for the spouse for life after subscriber’s death. Select the correct answer using the code given below. Options: (a) 1 only (b) 2 and 3 only (c) 1 and 3 only* (d) 1, 2 and 3 |
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