Over 21 cr people benefitted under PMJJBY life insurance scheme: Finance Ministry
The Statesman|December 16, 2024
More than 21 crore people have benefitted under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) scheme that provides life insurance coverage, said the Ministry of Finance.
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Over 21 cr people benefitted under PMJJBY life insurance scheme: Finance Ministry

The PMJJBY, launched in May 2015, is a term life insurance plan. Under this scheme, in case of death due to any reason, the family of the insured gets Rs 2 lakh.

"Pradhan Mantri Jeevan Jyoti Bima Yojana #PMJJBY has provided Rs 2 lakh life insurance coverage to over 21 crore beneficiaries, ensuring financial security for families in times of uncertainty," the Ministry said in a post on social media platform X.

It added that till October 20, the scheme saw a cumulative enrolment of 21.67 crore. On the other hand, the cumulative number of claims stood at 860,575, worth Rs 17,211.50.

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