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PMJJBY and PMSBY paid Rs 25160 crore in claims since 2015

PMJJBY and PMSBY paid Rs 25160 crore in claims since 2015

Since launching in 2015, the Jansuraksha schemes PMJJBY and PMSBY have settled claims worth over Rs 25,160 crore. Under PMJJBY, more than Rs 21,500 crore has been paid, while PMSBY has settled nearly Rs 3,660 crore. The plans offer low-cost financial protection and have drawn massive enrollment nationwide.

Summarised by Beize from a story on The Economic Times on 9 May 2026
PMJJBY has paid Rs 17600 crore in claims since 2015 reaching over 27 crore families

PMJJBY has paid Rs 17600 crore in claims since 2015 reaching over 27 crore families

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.

Summarised by Beize from a story on The Economic Times on 8 May 2026

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PM Rahat scheme brings cashless care for road accident victims up to Rs 1.5 lakh

PM Rahat scheme brings cashless care for road accident victims up to Rs 1.5 lakh

PM Rahat is a new cashless healthcare scheme for road accident victims, designed to cut delays that can cost lives. Under the technology-driven framework, eligible victims can get cashless treatment for up to seven days with coverage up to Rs 1.5 lakh. Here’s how to access services, check eligibility, understand coverage, and file claims step by step.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Smoking and alcohol can raise health insurance premiums and stall claims in India

Smoking and alcohol can raise health insurance premiums and stall claims in India

Excessive smoking and alcohol use can ripple through India’s health insurance—changing how insurers judge risk, set premiums, and assess claim eligibility. Beyond lifestyle impact, insurers may factor these habits into underwriting decisions, waiting periods, or higher costs. The result: healthier behavior can mean better pricing, while persistent use can lead to tougher claim outcomes and scrutiny.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
EPFO EDLI can pay up to Rs 7.5 lakh after death here is who can claim

EPFO EDLI can pay up to Rs 7.5 lakh after death here is who can claim

The EPFO EDLI Scheme provides lump sum death benefits for private sector salaried employees, typically between Rs 2.5 lakh and Rs 7.5 lakh. Recent changes also guarantee a minimum payout of Rs 50,000 for early deaths and factor in service continuity gaps, shaping eligibility for families seeking the claim amount.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
New India Assurance turns to faster claims and simpler cover to win MSMEs

New India Assurance turns to faster claims and simpler cover to win MSMEs

New India Assurance is reshaping its strategy to reach India’s underinsured MSME ecosystem, focusing on accessibility rather than just reducing premiums. CMD Girija Subramanian says the company will introduce simpler products, explore parametric insurance in allied sectors, and prioritize speed in claims settlement to build trust and accelerate growth.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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