Question : PMJJBY and PMSBY

(a) whether the Government has undertaken schemes such as Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) to promote insurance coverage including of the accidental insurance coverage and if so, the details and the objectives thereof;
(b) the details of review of the schemes made and the challenges faced by the Government in the implementation of the schemes;
(c) the steps taken by the Government to overcome the difficulties in the implementation of the schemes;
(d) whether there is any improvement in the related indices after the implementation of the scheme, if so, the details of distribution of the related indices, State/UT-wise; and
(e) the details of enrolment made under PMJJBY and PMSBY so far along with the percentage of beneficiaries covered in these schemes compared to India’s population, State/UT-wise?

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE

(a) Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) were launched on 9th May, 2015. The cover period under these schemes is 1st June of each year to 31st May of subsequent year. These schemes are offered/administered through both public and private sector insurance companies, in tie up with scheduled commercial banks, Regional Rural Banks and Cooperative Banks.

PMJJBY offers a renewable one year term life cover of Rupees Two Lakh to all subscribing bank account holders in the age group of 18 to 50 years, covering death due to any reason, for a premium of Rs.330/- per annum per subscriber, to be auto debited from subscriber’s bank account. Similarly, PMSBY offers a renewable one year accidental death cum disability cover to all subscribing bank account holders in the age group of 18 to 70 years for a premium of Rs.12/- per annum per subscriber to be auto debited from subscriber’s bank account. The scheme provides a cover of Rs. Two Lakh for accidental death or total permanent disability and Rs One Lakh in case of permanent partial disability.

(b) and (c) PMJJBY and PMSBY provide insurance cover to common people, especially poor and the under-privileged sections of the society. The Government as well as the Public Sector Insurance Companies such as Life Insurance Corporation of India (LIC) had organized massive campaign to create awareness amongst large sections of population and also carried outreach efforts to facilitate access to the schemes. An exclusive website www.jansuraksha.gov.in, which hosts all relevant material / information including forms, rules etc. related to this scheme in English, Hindi and regional languages, was created. The progress of settlement of claims under the schemes is monitored regularly by the Government. Any complaints in respect of the schemes are dealt in coordination with banks and insurance companies in getting it resolved expeditiously.

(d) and (e) The details are given in Annexure.

**********