Paper Key : IRJ************320
Author: A.neelima,B.veenakshi,B.sai Amrutha,B.nirosha,Y.d. Rajaya Lakshmi,P.anupama,Remalli Rohan
Date Published: 24 Mar 2025
Abstract
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance policy started bythe Government of India in 2015 to provide inexpensive insurance coverage to economically disadvantagedgroups of people. This article investigates the PMJJBY program in depth, focusing on its objectives,characteristics, benefits, problems, and overall impact on the target demographic. The study evaluates thescheme's effectiveness using both qualitative and quantitative approaches, such as data collection fromsecondary sources, questionnaires, and statistical analysis. A literature review of 20 papers was done tocompare the major components of PMJJBY to similar insurance programs worldwide. The report indicates that,while PMJJBY has favorably impacted financial security, addressing its problems is critical to guaranteeing itslong-term viability.