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https://www.nivabupa.com/health-insurance-articles/pradhan-mantri-jeevan-jyoti-bima-yojana.html In India, social security plays a crucial role in providing financial support to the underprivileged and vulnerable sections of society. To address the need for affordable life insurance coverage, the Indian government launched the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in 2015.