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Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY)

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..... Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) - News and Press Release Dated:- 23-3-2018 - News - 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 p .....

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..... remium of ₹ 330/- per annum per subscriber, to be auto debited from subscriber s bank account. Similarly, PMSBY offers a renewable oneyear accidental death cum disability cover to all subscribing bank account holders in the age group of 18 to 70 years for a premium of ₹ 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. 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 Indi .....

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..... a (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. The State/UT-wise details made under PMJJBY and PMSBY so far along with the percentage of beneficiaries covered in these schemes compared to I .....

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..... ndia s population are given in Annexure . No Name of State / UT PMJJBY Enrolments Claim Settlement Ratio Percentage to eligible population PMSBY Enrolments Claim Settlement Ratio Percentage to eligible population 1 ANDAMAN AND NICOBAR ISLANDS 13,417 100.00% 6.12% 25,939 N/A 9.64% 2 ANDHRA PRADESH $$ 180,40,161 94.35% 5.39% 267,94,786 95.45% 17.70% .....

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..... 3 ARUNACHAL PRADESH 33,871 94.67% 5.87% 54,557 N/A 8.28% 4 ASSAM 5,84,825 98.01% 3.88% 15,42,341 91.67% 8.24% 5 BIHAR 12,66,498 93.74% 3.65% 44,35,787 95.21% 9.97% 6 CHANDIGARH 49,270 93.33% 4.66% 1,80,897 91.84% 13.38% .....

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..... 7 CHHATTISGARH 11,20,568 96.43% 9.32% 48,78,782 93.16% 32.42% 8 DADRA AND NAGAR HAVELI 18,100 96.88% 5.56% 38,729 100.00% 10.59% 9 DAMAN AND DIU 13,611 100.00% 7.16% 30,015 N/A 13.91% 10 GOA 1,13,053 97.77% 6.64% 2,34,179 96.83% 11.00% .....

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..... 11 GUJARAT 21,42,005 92.47% 7.34% 50,85,989 95.77% 13.66% 12 HARYANA 8,03,608 94.49% 5.25% 27,16,634 91.49% 13.59% 13 HIMACHAL PRADESH 2,44,435 96.70% 7.57% 9,70,141 91.89% 22.04% 14 JAMMU AND KASHMIR 2,62,659 98.08% 3.33% 6,06,542 97.73% 8.38% .....

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..... 15 JHARKHAND 4,39,311 96.75% 3.17% 17,33,879 95.30% 10.97% 16 KARNATAKA 29,02,855 98.50% 8.60% 63,87,312 95.79% 14.82% 17 KERALA 7,59,384 97.89% 5.35% 36,73,381 97.02% 18.02% 18 LAKSHADWEEP 1,147 N/A 2.95% 4,510 N/A 9.73% 19 .....

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..... MADHYA PRADESH 18,22,529 96.59% 5.08% 74,07,563 95.33% 17.42% 20 MAHARASHTRA 34,49,919 95.82% 6.07% 80,03,951 95.22% 11.39% 21 MANIPUR 30,031 97.87% 2.75% 87,690 100.00% 6.09% 22 MEGHALAYA 36,681 89.86% 3.41% 77,784 66.67% 5.98% 23 .....

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..... MIZORAM 46,453 98.78% 7.47% 72,568 100.00% 9.70% 24 NAGALAND 19,076 96.36% 3.51% 48,569 N/A 7.45% 25 DELHI 8,74,887 94.65% 5.89% 22,21,327 95.47% 11.47% 26 ODISHA 9,18,132 96.69% 4.36% 35,93,515 94.77% 13.89% 27 PUDUCHERRY .....

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..... 64,443 96.00% 7.83% 1,93,922 94.87% 17.97% 28 PUNJAB 6,04,813 96.51% 4.28% 32,88,932 94.05% 17.38% 29 RAJASTHAN 13,45,160 89.33% 5.07% 47,74,162 94.59% 13.88% 30 SIKKIM 26,355 100.00% 6.51% 46,679 75.00% 9.32% 31 TAMIL NADU 23,26,177 .....

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..... 97.35% 5.06% 68,65,370 92.97% 11.50% 32 TELENGANA 16,78,284 96.21% 6.44% 55,26,435 98.17% 16.35% 33 TRIPURA 99,101 83.62% 4.45% 3,11,420 90.00% 10.85% 34 UTTAR PRADESH 31,63,381 93.11% 3.50% 116,66,598 94.76% 10.33% 35 UTTARAKHAND 3,30,3 .....

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..... 52 93.02% 5.12% 12,93,280 95.60% 16.25% 36 WEST BENGAL 12,51,194 97.18% 2.80% 55,91,359 86.77% 9.74% 37 Others Non-CBS Enrolments ** 61,08,451 136,27,812 Grand Total 530,04,197 95.13% 5.05% 1340,93,336 94.62% 13.20% **Beneficiaries converged .....

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..... from Ministry of Textiles, Women Child Development, MSME and Department of Animal Husbandry, Dairy and Fisheries from their respective erstwhile Insurance schemes. Non-CBS enrolments pertain to urban cooperative bank subscribers which were not migrated to CBS system. $$ includes 1.65 crore and 1.99 crore beneficiaries which have been converged from AABY to PMJJBY and PMSBY respectively in the state of Andhra Pradesh This was stated by Shri Ship Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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