Jan Suraksha Schemes Complete 11 Years: Eleven years ago, the Government of India launched three major social security schemes – the Pradhan Mantri Suraksha Bima Yojana (PMSBY), the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and the Atal Pension Yojana (APY). And today, on May 9th, these three schemes have completed 11 years of providing insurance and pension coverage to people across the country.

The goal of these schemes is to provide affordable insurance and pension protection to people through low-premium social security initiatives.

• Under PMJJBY, total enrolments have exceeded 27.43 crore. Claims under the scheme have also been settled to a significant extent, with payouts amounting to Rs 21,512.50 crore as of April 29, 2026.
• Meanwhile, the PMSBY scheme has registered over 58.09 crore enrolments/registrations since its launch. Under the accident insurance scheme, Rs 3,667.52 crore has been paid out for 184,662 claims.
• The Atal Pension Yojana has also witnessed steady growth. As of April 30, more than 9.04 crore people have been enrolled under the scheme.

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

What is PMSBY?
The government launched the Pradhan Mantri Suraksha Bima Yojana 11 years ago in 2015. It is an insurance scheme that aims to provide financial security to individuals from all sections of society. Anyone between the ages of 18 and 70 can invest in it.

Under this scheme, people get low-cost accident insurance coverage of up to Rs 2 lakh at a premium of just Rs 20 per year, which makes it one of the most affordable insurance plans in India.

The scheme provides coverage for accidental death as well as total and permanent disability in cases such as-

• If the insured person becomes completely disabled in an accident (loses both eyes, hands, or legs), the victim’s family will receive Rs 2 lakh as compensation.
• If the insured person loses a hand or a leg or loses the sight of one eye and is unable to regain it, a benefit of up to Rs 1 lakh will be provided.
• In case of death, financial assistance of Rs 2 lakh will be provided to the family.

• The annual premium of Rs 20 offered for the Pradhan Mantri Suraksha Bima Yojana is valid for only 1 year. After this, the scheme will have to be renewed.
• In case of death or disability due to an accident, the insurance amount will be given as per the rules.
• The age of the applicant should be between 18 and 70 years, and he/she should be Indian.
• The candidate must have an active savings account. In case of account closure, the policy will also lapse.
• The applicant has to sign a consent form for the auto-debit of the policy premium.

One can apply for this scheme both online and offline. Here’s the step-by-step guide-

• Step 1: Visit the official website – https://www.jansuraksha.gov.in/
• Step 2: Click on the Forms option, and then go to Pradhan Mantri Suraksha Bima Yojana.
• Step 3: Now, click on the application form.
• Step 4: Select the language and fill in the required information correctly.
• Step 5: Attach all the required documents and submit the form.

What Does APY Offer?
Under the Atal Pension Yojana, citizens of India, aged between 18 and 40 years, who do not pay income tax, are allowed to participate in a pension program that requires them to make voluntary contributions. It provides low-income unorganised workers with a systematic retirement plan that helps them manage their retirement income needs while protecting them against the risk of living longer than expected.

The scheme promises a “Sampurna Suraksha Kavach” or complete financial protection through three key benefits:

• Guaranteed pension: Subscribers receive a fixed monthly pension ranging from Rs 1,000 to Rs 5,000 after attaining the age of 60.
• Spouse benefit: After the subscriber’s death, the spouse continues to receive the same pension for life.
• Nominee benefit: After the death of both the subscriber and spouse, the accumulated pension corpus is returned to the nominee.