Financial protection should not be complicated or expensive. That is the idea behind India’s Jan Suraksha schemes, simple insurance plans designed to protect millions of families at an affordable cost.
Schemes like PMJJBY and PMSBY support people across the country with basic life and accident insurance coverage. These programs are part of India’s financial inclusion mission, helping citizens stay secure during difficult times.
Banks play a very important role here. They are the main channel through which citizens enrol, renew policies, and manage claims. Because of the huge scale, banks must handle large volumes of enrolments, premium collections, servicing, and claims.
Why Jan Suraksha Matters
• Affordable insurance for citizens
• Stronger financial security for families
• Supports financial inclusion goals
• Builds trust with banking institutions
Challenges Banks Face
• Multiple portals and scheme-specific workflows
• Manual enrolment and servicing work
• Limited real-time visibility on status and claims
• High operational effort and compliance work
• Slower execution and higher costs
How Paycorp Helps Banks Run Jan Suraksha Better
Paycorp provides a structured, API-based integration platform connecting bank systems, Jan Suraksha portals, and insurers in one framework.
Benefits for Banks Working with Paycorp
1. Single integration for all schemes – enrolment, premium debit, servicing, renewals, and claims.
2. Faster rollout – platform aligned with government guidelines.
3. Lower operational effort – automation reduces manual work.
4. Better visibility – real-time updates on enrolments, renewals, and claims.
5. Scalable processing – built for high-volume bank operations.
6. Secure and compliant – enterprise-grade security and audit trails.
Why Banks Prefer Paycorp Over Direct Integration
• Faster implementation
• Lower operational cost
• Better customer experience
• Reduced compliance risk
• Future-ready system for new schemes
Final Thoughts
Jan Suraksha schemes are powerful tools for financial inclusion. By integrating with Paycorp, banks get a reliable and scalable way to manage these schemes without heavy operational load.
We help banks deliver protection to millions, faster and better.
