The main objective of Pradhan Mantri Jan Dhan Yojana (PMJDY) is to cover all households with at least one bank account per household. Under the Yojana 25.68 crore accounts have been opened across the country till 23.11.2016.

Claims under PMJDY for life insurance cover of ₹ 30000/- to those beneficiaries who open their accounts for the first time from 15.08.2014 to 31.01.2015 and for RuPay Card linked accidental insurance cover of ₹ 1.00 lakh are disposed of expeditiously. As on 02.12.2016, 3883 claims under life insurance cover of ₹ 30000/- have been received, out of which 3870 claims have been disposed off. As on 02.12.2016, 1675 claims under RuPay card linked accidental insurance cover of ₹ 1.00 lakh have been received, out of which 1649 claims have been disposed off. The performance of the scheme is continuously monitored in the Department through weekly video conference and any irregularity, if comes to notice, is sorted out in consultation with the concerned stake-holder. The Government is also monitoring the number of claims settled and sort out issues, if any, in consultation with concerned stake-holder.

This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

Financial inclusion under PMJDY expands banking access and activates linked insurance benefits while monitoring claim settlement efficiency. The PMJDY advances financial inclusion by securing at least one bank account per household and linking newly opened accounts to life insurance and RuPay-linked accidental insurance; implementing agencies receive and dispose of claims for these covers. The Department conducts continuous oversight, monitoring claim receipts and disposals through weekly video conferences and consulting stakeholders to address irregularities and ensure timely settlement.