Let us take a look at the features and achievements of PMJJBY as we commemorate its 7th anniversary...
The Pradhan Mantri Suraksha Bima Yojana (PMJJBY) is a welfare scheme to provided citizens with affordable insurance and security over the past seven years.
Prime Minister Narendra Modi introduced PMJJBY on May 9, 2015 in Kolkata, West Bengal.
The social security schemes are committed to the citizens' welfare, acknowledging the necessity to protect human life from unexpected risks/losses and financial instabilities.
Scheme: PMJJBY is an one-year life insurance scheme that is renewable year after year and provides coverage for any cause of death.
In 7 years, PMJJBY has enrolled over 12.76 crore citizens
Life cover of Rs. 2 lakh in the case of death owing to any cause with a yearly premium of Rs. 330.
Benefits
As of April 27, 2012, more than 12.76 crore people had enrolled in the scheme, and Rs. 11,522 crore had been paid out for 5,76,121 claims.