Prime Minister Narendra Modi on Saturday said the NDA government’s social security schemes reflect its commitment to ensuring dignity, assurance and financial security for citizens, marking 11 years since the launch of key initiatives.
In a post on X, Modi noted that major social security and pension schemes were launched on this day in 2015.
“They reflect our commitment to bring dignity, assurance and financial security into the lives of the people of India,” he said.
The Prime Minister highlighted the impact of the Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, stating that both schemes have made a positive difference at the grassroots level.
Launched on May 9, 2015, the Jansuraksha schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), were designed to provide affordable financial protection, particularly to underserved and vulnerable sections.
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Key social security schemes under NDA:
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): A low-cost life insurance scheme offering a cover of Rs 2 lakh in case of death from any cause. It is available to individuals aged 18–50 years with an annual premium auto-debited from bank accounts.
Pradhan Mantri Suraksha Bima Yojana (PMSBY): An accident insurance scheme providing Rs 2 lakh coverage for accidental death or total disability and Rs 1 lakh for partial disability, with a nominal annual premium.
Atal Pension Yojana (APY): A pension scheme aimed at workers in the unorganised sector, offering guaranteed monthly pensions ranging from Rs 1,000 to Rs 5,000 after the age of 60, depending on contributions.
Pradhan Mantri Jan Dhan Yojana (PMJDY): A financial inclusion initiative providing zero-balance bank accounts, enabling access to insurance, credit, and direct benefit transfers, forming the backbone of the social security ecosystem.
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