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Jan Suraksha Schemes
The 3 Jan Suraksha schemes complete 11 years of providing social security to underserved and vulnerable sections. The schemes are for insurance and pension-based financial protection.
Jan Suraksha Schemes:
| Dimension | Key Details |
|---|---|
| Launch | The Jan Suraksha schemes have been launched in May 2015. |
| Schemes Covered | The Jan Suraksha schemes comprise Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, and Atal Pension Yojana. |
| PMSBY Type | Pradhan Mantri Suraksha Bima Yojana is a one-year accidental insurance scheme renewable annually. |
| PMSBY Eligibility | PMSBY applies to bank or post office account holders aged 18 to 70 years. |
| PMSBY Premium | The annual premium under PMSBY is ₹20. |
| PMSBY Benefits | PMSBY provides ₹2 lakh for accidental death or total irrecoverable loss of both eyes, hands, or feet, and ₹1 lakh for partial loss of one eye, hand, or foot. |
| PMSBY Enrolment | Total enrolment under PMSBY is 58.09 crore. |
| PMJJBY Type | Pradhan Mantri Jeevan Jyoti Bima Yojana is a one-year insurance scheme renewable annually. |
| PMJJBY Coverage | PMJJBY provides life insurance cover for death due to any reason. |
| PMJJBY Eligibility | PMJJBY applies to bank or post office account holders aged 18 to 70 years. |
| PMJJBY Premium | The annual premium under PMJJBY is ₹436. |
| PMJJBY Benefit | PMJJBY provides ₹2 lakh payment after the subscriber’s death. |
| PMJJBY Enrolment | Total enrolment under PMJJBY is 27.43 crore. |
| APY Objective | Atal Pension Yojana provides financial security to the unorganised sector. |
| APY Agency | The Pension Fund Regulatory and Development Authority administers Atal Pension Yojana. |
| APY Eligibility | APY applies to bank account holders aged 18 to 40 years and is not open to income tax payers. |
| APY Pension Benefit | APY provides guaranteed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 after 60 years of age. |
| APY Spouse Benefit | Monthly pension is available to the spouse after the subscriber’s death. |
| APY Nominee Benefit | After the death of both subscriber and spouse, the accumulated corpus is returned to the nominee. |
| APY Premature Death | If the subscriber dies before 60 years, the spouse can continue contributing for the remaining period. |
| APY Payment Frequency | Contributions under APY can be made monthly, quarterly, or half-yearly. |