A Study On Comparative Analysis Of Pradhan Mantri Jeevan Jyoti Bima Yojana And Pradhan Mantri Suraksha Bima Yojana In Puducherry Grama Bank In Puducherry

Abstract

This Study Compares The Performance Of The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) And The Pradhan Mantri Suraksha Bima Yojana (PMSBY) Implemented Through Puducherry Grama Bank From 2020 To 2024. Using Secondary Data From Bank Records And Government Reports, The Study Examines Enrolment Trends, Premium Collection, And Claim Settlement Efficiency. Results Show Steady Growth In Both Schemes, With PMSBY Recording Higher Enrolments Due To Its Low Premium And Accident Coverage Benefits. Claim Settlement Ratios Remained Efficient For Both Schemes, Especially PMSBY With Near-100% Settlements. Despite Positive Performance, Fluctuations In Enrolment Indicate Gaps In Awareness And Renewal Practices. The Study Concludes That Both Schemes Significantly Support Financial Inclusion And Social Protection In Puducherry, While Recommending Improved Awareness And Simplified Renewal Processes.

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