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PMJJBY has paid Rs 17600 crore in claims since 2015 reaching over 27 crore families
Economy
Published on 8 May 2026
27 crore enrolled but the claims run deeper
Since launching in 2015, India’s Pradhan Mantri Jeevan Jyoti Bima Yojana has enrolled over 27 crore people and disbursed Rs 17,600 crore in claims, supporting the government’s “Insurance for All by 2047” push. The scheme provides Rs 2 lakh life cover for an annual premium of Rs 436, positioning low-cost coverage at scale.
- PMJJBY started in 2015 with a low annual premium of Rs 436
- Over 27 crore people are enrolled in the scheme so far
- Claims paid to families total Rs 17,600 crore since launch
- Scheme supports the Insurance for All by 2047 goal
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times