Around Rs, 4,700 crores have been paid against more than 2 lakh death claims under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in FY21, according to an RTI reply. However, the information regarding death claims under the PMJJBY, given by the Department of Financial Services to Neemuch district-based RTI activist Chandrashekhar Gaur, did not mention the cause of deaths.

According to the reply, payment of Rs 4,698.10 crore was against 2,34,905 death claims under the PMJJBY in the last fiscal, Gaur said. As per the RTI, 2,50,351 death claims were filed under the PMJJBY, and of them, 13,100 were dismissed in 2020-21. The remaining 2,346 claims were being examined.

Under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a person with a bank account from 18 to 50 can get himself insured by paying an annual premium of Rs 330. It is a one-year life insurance scheme that was launched around six years back. The insured’s nominee gets Rs 2 lakh payout upon death from any cause.

The scheme is being offered by Life Insurance Corporation and all other life insurers. They are willing to provide the product on similar terms with necessary approvals and tie up with banks for this purpose.