PMJJBY Achieves 99.95% Claim Settlement Ratio, Over 12.5 Crore Active Policies

The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government life insurance scheme that provides affordable insurance coverage to people.

As of February 18, 2026, around 267,981,084 people have been covered under the scheme since it started. Out of these, about 1,255,585,320 policies are currently active.

The scheme has a very high claim settlement ratio of 99.95%, which means almost all valid insurance claims are being paid.

According to the Insurance Regulatory and Development Authority of India (IRDAI), the time taken by insurance companies to settle claims under PMJJBY varies. On average, it takes between 0.61 days and 17 days, depending on the insurer.

During the last five years, the scheme received 1,075,337 insurance claims. Out of these, 1,041,853 claims were settled and paid, while 32,893 claims were rejected.

Steps taken by the government to improve the scheme

To increase enrolment and reduce policy lapses, the government has taken several steps:

1. Every year, the Department of Financial Services prepares an action plan before the policy renewal period. This plan is shared with banks, insurance companies and the Life Insurance Council. The latest action plan was issued on May 13, 2025, for banks, post offices and insurers to follow.

2. The government also organises regular awareness campaigns at the grassroots level with the help of banks and local administrations to increase participation in PMJJBY and the Pradhan Mantri Suraksha Bima Yojana (PMSBY).

3. A four-month “Financial Inclusion Saturation Campaign” was recently organised across 2.7 lakh gram panchayats and urban local bodies from 1 July 2025 to 31 October 2025. During this campaign, banks held camps in villages and towns where people could get information about the schemes and enrol on the spot.

4. About 16 lakh Banking Correspondents (BCs) also help connect banking services to remote areas and assist people in enrolling in these social security schemes.

5. The government has also launched the Jansuraksha Portal to make the process fully digital and easier. The portal allows people to enrol in schemes and submit claims online.

6. Currently, 12 Public Sector Banks, 28 Regional Rural Banks, and 13 insurance companies are connected to this portal. The website also provides forms, rules, and FAQs in English, Hindi, and regional languages to help people understand the schemes better.

This information was shared in the Lok Sabha by Minister of State for Finance Pankaj Chaudhary in a written reply to a question.