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Life Insurance - Pradhan Mantri Jeevan Jyoti Bima Yojana; 5,67,88,890 enrolments made and Rs. 2488.44 crore disbursed under the Scheme till 31st December, 2018

Press Information Bureau:  February 13, 2019

New Delhi: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) was launched on 9th May, 2015.  The cover period under this Scheme is 1st June of each year to 31st May of subsequent year. This Scheme is offered/administered through both public and private sector life 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 premium of Rs.330/- per annum per subscriber, to be auto debited from subscriber’s bank account.

As per the data uploaded by banks on Jnasuraksha Portal, the State-wise Enrolments and Cumulative Claims Benefit amount paid as on 31.12.2018 under PMJJBY are at Annexure.

The Scheme is open for enrollment to all Savings Bank Account Holders including Pradhan Mantri Jan Dhan Yojana account holders for en-rollment.

State -Wise Distribution of Gross Enrollments and Claim amount disbursed under PMJJBY as on 31.12.2018 ( Source: Enrollment  and Claims Data uploaded by Banks on DFS Portal)

SNo.

State

Enrolments

Amount Disbursed     ( In Crores )

1

ANDAMAN & NICOBAR ISLANDS

15,735

0.66

2

ANDHRA PRADESH $$

1,82,78,825

198.38

3

ARUNACHAL PRADESH

38,520

2.10

4

ASSAM

6,64,860

62.22

5

BIHAR

14,42,707

51.98

6

CHANDIGARH

54,348

3.28

7

CHHATTISGARH

12,36,185

100.88

8

DADRA & NAGAR HAVELI

22,533

0.86

9

DAMAN & DIU

16,204

0.52

10

GOA

1,20,258

5.62

11

GUJARAT

24,29,207

199.04

12

HARYANA

8,95,906

75.92

13

HIMACHAL PRADESH

2,67,267

17.24

14

JAMMU & KASHMIR

3,15,534

2.74

15

JHARKHAND

5,25,273

28.60

16

KARNATAKA

32,56,551

217.60

17

KERALA

8,51,753

23.68

18

LAKSHADWEEP

1,682

0.00

19

MADHYA PRADESH

20,08,339

180.22

20

MAHARASHTRA

37,06,638

211.20

21

MANIPUR

36,680

2.58

22

MEGHALAYA

46,266

2.18

23

MIZORAM

56,093

8.74

24

NAGALAND

20,669

1.48

25

NCT OF DELHI

9,23,296

42.58

26

ORISSA

10,96,845

75.98

27

PUDUCHERRY

69,832

3.76

28

PUNJAB

6,78,973

40.80

29

RAJASTHAN

16,32,800

146.50

30

SIKKIM

28,834

1.14

31

TAMIL NADU

26,03,089

126.04

32

TELANGANA

20,65,466

220.94

33

TRIPURA

1,17,613

4.14

34

UTTAR PRADESH

36,42,310

321.62

35

UTTARAKHAND

3,61,626

28.10

36

WEST BENGAL

14,10,931

79.12

37

Others **

58,49,242

0.00

Grand Total

5,67,88,890

2488.44

** Beneficiaries converged from Ministry of Textiles, Women & Child Development, MSME and Department of Animal Husbandry, Dairy and Fisheries from their respective erstwhile Insurance schemes. Also includes offline enrolments pertaining to urban cooperative bank subscribers which were not migrated to Portal. State/UT wise break-up not available for this number

$$ includes 1.65 crore beneficiaries which have been converged from AABY to PMJJBY in the state of Andhra Pradesh

Source : Gross Enrollment as uploaded by banks on Jansuraksha portal as on 31/12/2018 subject to verification of eligibility, Availability of Funds for auto debit of Premium etc.

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a Question in Rajya Sabha today.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.