Ranchi, May 9 || As the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) marks a decade since its inception, stories from across India underscore the scheme's tangible impact on the ground, especially in regions like Jharkhand's Koderma and Sahibganj districts where thousands have found security and solace in its simple yet effective design.
In Koderma alone, nearly 1.31 lakh individuals have enrolled in PMJJBY, a government-backed life insurance scheme that provides a guaranteed cover of Rs 2 lakh at an annual premium of just Rs 436.
Local beneficiaries speak of the policy as more than just insurance -- it is a "gift from Prime Minister Narendra Modi to the poor", said one resident, reflecting the sense of relief and dignity the scheme brings in times of personal loss.
Beneficiaries in the district acknowledge the harsh unpredictability of life -- accidents, illnesses, and unforeseen tragedies that often leave families shattered and financially vulnerable.
For them, PMJJBY has offered a critical financial cushion. "Life and death are not in our hands, but this scheme ensures that our families are not left helpless," said another resident.
While life insurance products from both the public sector and private insurers are available in the market, PMJJBY stands out due to its affordability and no-frills access.
As pointed out by a beneficiary, "No private company offers a Rs 2 lakh cover at just Rs 436. This is only possible through PMJJBY and Pradhan Mantri Suraksha Bima Yojana."