India, March 10 -- The government has intensified measures to increase enrolment and ensure timely disbursement of benefits under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Parliament was informed.
Minister of State for Finance Pankaj Chaudhary, in a written reply in the Lok Sabha, said that a total of 26.79 crore beneficiaries have been covered under the scheme over the last five years, with 12.55 crore active policies as of February 18, 2026.
The claim settlement ratio under PMJJBY stands at an impressive 99.95% since inception. According to the Insurance Regulatory and Development Authority of India (IRDAI), the average claim settlement time among insurers ranges from 0.61 days to 17 days.
During the past five years, 10.75 ...