India, March 10 -- The Government of India has issued a release:
The total number of beneficiaries covered under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the number of active policies during the last five years are 26,79,81,084 and 12,55,58,532 respectively as on 18.02.2026.
Further, the claim settlement ratio under the said scheme is 99.95% as on 18.2.2026 (since inception). As per the insurance sector regulator, Insurance Regulatory and Development Authority of India (IRDAI), the average time taken for settlement of PMJJBY claim varies across various insurers and is in the range of 0.61 Days to 17 Days.
The number of claims filed, settled and rejected along with the claim settlement ratio during the last five years are 10,75,337 claims received, 10,41,853 claims paid, and 32,893 claims rejected, with a claim settlement ratio of 99.95%. as on 18.02.2026
With the aim of increasing enrolments and reduce policy lapses, and ensure timely disbursement of benefits to beneficiaries in PMJJBY, the following measures are being taken:
This information was given by the Minister of State in the Ministry of Finance Shri Pankaj
Chaudhary in a written reply to a question in Lok Sabha yesterday.
Disclaimer: Curated by HT Syndication.
