Centre Reports 699% Surge in PMJJBY Enrollments Since 2016

The Indian government has announced a huge rise in enrollments for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) since its launch in 2015. According to the Centre, the number of people who have joined the low-cost life insurance scheme has increased by 699% since 2016.

The PMJJBY provides life insurance coverage of ₹2 lakh for just ₹330 per year. It was launched to give affordable insurance to poor and low-income families across India. The scheme aims to provide financial support to families in case of the death of the primary breadwinner.

The government says that the massive increase in enrollments shows that more people are now aware of the benefits of the scheme. Financial inclusion and awareness campaigns have played a key role in encouraging people to sign up. The government has partnered with banks, insurance companies, and local organizations to reach remote areas and ensure that people from all backgrounds can access this service.

“We are pleased to see such a strong response to PMJJBY,” said a government spokesperson. “This rise in enrollments shows that people trust the scheme and want to secure their families’ future.”

The increase in enrollments also reflects the growing importance of life insurance in India. With rising costs of living and the financial pressures faced by many families, people have realized the need for protection against unexpected events. In many cases, families have been able to rely on the insurance payouts to cover expenses such as medical bills or children’s education after the death of a loved one.

The government continues to encourage more people to join the scheme, especially in rural areas where many families still lack financial coverage. Officials are working to simplify the enrollment process and make it easier for people to sign up.

The Centre plans to continue its outreach efforts and hopes to reach even more people in the coming years. With this steady increase in enrollments, the government is confident that PMJJBY will continue to provide much-needed financial security to millions of Indian families.