Dr. Vivek Joshi, Secretary, Department of Financial Services (DFS), Ministry of Finance, chaired a meeting today with representatives from ten (10) Central Ministries/ Departments viz. Ministry of Labour and Employment, Ministry of Housing and Urban Affairs, Ministry of Panchayati Raj, Ministry of Rural Development, Ministry of Mines, Ministry of Coal, Ministry of Agriculture and Farmers Welfare, Ministry of Women & Child Development, Department of Post & India Post Payments Bank (IPPB) in-order to boost coverage under micro-insurance Schemes viz. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) at Gram Panchayat level. The 3-month campaign will cover all the districts in the Country from 01.04.2023 to 30.06.2023.

Dr. Joshi exhorted the Ministries/Departments concerned for maximum coverage of Self-Help Groups (SHG) members, Anganwadi workers, health workers, sanitary workers, mine workers, all unorganised labour, street vendors, staff workers in urban local bodies, MNREGA workers, and PM Kisan beneficiaries etc., under the two micro-insurance schemes. Dr. Joshi also sought support of Ministries/ Departments for their active role in ensuring that saturation campaign reaches to maximum number of eligible beneficiaries.

ABOUT PMJJBY & PMSBY

The PMJJBY and PMSBY are aimed at providing life and accidental insurance cover to the citizens, especially the marginal sections of the society, as part of social security cover. PMJJBY provides insurance cover of Rs. 2 lakh in the event of death due to any reason whereas PMSBY provides accidental insurance cover of Rs. 2 lakh for death or permanent disability and Rs. 1 lakh in case of partial disability. The two schemes provide the much-needed financial support to the subscribers and/or their families in such eventualities.

Micro-insurance enrolment campaign to boost life and accidental coverage at gram panchayat level for vulnerable groups. Department of Financial Services initiated a three-month nationwide micro-insurance schemes saturation campaign from 01.04.2023 to 30.06.2023, directing Central Ministries and departments to prioritise outreach at Gram Panchayat level and target groups such as Self-Help Group members, Anganwadi and health workers, unorganised labour, street vendors, urban local body staff, MNREGA workers and PM Kisan beneficiaries to increase enrolment under the life and accidental insurance schemes.