A Social Security Scheme is a government-backed program designed to provide financial protection and welfare support to individuals in case of old age, disability, illness, unemployment, or death.
It includes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PJSBY) and Atal Pension Yojana
(250380 Active Enrolments as on 30.06.2025)
Synopsis: A life insurance scheme for individuals aged 18–50 years (coverage till 55), linked to a bank account
Benefits: Annual premium: ₹436. (pro rata basis) Life cover: ₹2 lakhs in case of death due to any reason. Simple enrolment and auto-renewal via bank account.
(1712482 Active Enrolments as on 30.06.2025)
Synopsis: This is a government-backed accident insurance scheme available to people aged 18–70 years with a bank account.
Benefits: Annual premium: ₹20 only. Accidental death or full disability: ₹2 lakhs. Partial disability: ₹1 lakh. Auto-debit facility linked with bank account for seamless renewal.
(403948 Enrolments as on 30.06.2025)
Synopsis: A pension scheme targeted at unorganized sector workers aged 18–40 years, who contribute monthly until age 60.
Benefits: Monthly pension of ₹1,000 to ₹5,000 based on contribution. Government co-contribution for eligible subscribers. Promotes long-term financial planning and old age security.