Pradhan Mantri Jeevan Jyoti Bima Yojana is a Government-backed life insurance scheme in India. It was originally mentioned in the year 2015 budget speech by the then-Finance Minister, Arun Jaitley in February 2015. From Wikipedia
The affordable life insurance scheme, launched in 2015, has transformed financial security for rural India and women, with a 699% surge in enrolments since 2016.