Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojana Details.

Friends,  Indian Government has started good general / life policies in the interest of Indian.  Name of the schemes are given below :-

• Pradhan Mantri Suraksha Bima Yojana 
• Pradhan Mantri Jeevan Jyoti Bima Yojana 
• Atal Pension Yojana 

Sometime we feel that different  policy providers force us to take policy by hook or crook and  and we feel  frustration to view the different thoughts of the policy providers.   Everyone present their policies with new idea which creates great confusion for a general person.   Their main aim is to collect maximum money from Individual  and get maximum commision from insurance company. Nobody wants to insure anyone. 

But now Indian Government has started above policy in the interest of  Individuals.   When we check its benefit it is totally surprise.   Payment is less than Rs. 1.00 per day and sum assured is 4 Lakh.  

State Bank of India has also provided online facility to apply the above policy to those who are using internet banking facility.   There is no need to go anywhere, amount of premium will be deducted automatically from Saving Account as auto-debit facility. 

Name of main website of above scheme is  http://www.pmjdy.gov.in/

Suraksha Bima

• For all Bank account holders whose age is between 18 to 70 years.
• Insurance amount can also be availed if in a handicapped state.
• Accident insurance worth Rs. 2 lacs at just Rs. 12 per annum.

Period of Insurance 

• Annual : 1st June - 31st May
• The premium will be deducted from the account holder's saving bank account through 'auto debit' facility.
• The person would be eligible to join the scheme through one saving bank account only.

Jeevan Jyoti Bima

• For all Bank account holders whose age is between 18 to 50 years.
• Life Insurance amount for your family, in your absence.
• Life insurance worth Rs. 2 lacs at just Rs. 330 per annum.

Period of Insurance 

• Annual : 1st June - 31st May
• The premium will be deducted from the account holder's saving bank account through 'auto debit' facility.
• The person would be eligible to join the scheme through one saving bank account only.

Pension Scheme

• For all Bank account holders whose age is between 18 to 40 years.

Period of Insurance

• Annual : 1st June - 31st May
• The premium will be deducted from the account holder's saving bank account through 'auto debit' facility.
• The person would be eligible to join the scheme through one saving bank account only.

Source: TDSTAXINDIA.com

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Key Features of Pradhan Mantri Suraksha Bima Yojana Jeewan Jyoti Bima Yojana.

Recently, The Finance Minister announced two major social security scheme in his budget speech i.e. Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeewan Jyoti Bima Yojana.

Important Key Features of Pradhan Mantri Suraksha Bima Yojana is as under:

Eligibility: Available to people in age group 18 to 70 years with bank account.

Premium:  Rs.12 per annum.

Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available.

Risk Coverage:  For accidental death and full disability - Rs.2 Lakh and for partial disability – Rs.1 Lakh.

Eligibility: Any person having a bank account and Aadhaar number linked to the bank account can give a simple form to the bank every year before 1st of June in order to join the scheme.  Name of nominee to be given in the form.

Terms of Risk Coverage: A person has to opt for the scheme every year. He can also prefer to give a long-term option of continuing in which case his account will be auto-debited every year by the bank.

Who will implement this Scheme?: The scheme will be offered by all Public Sector General Insurance Companies and all other insurers who are willing to join the scheme and tie-up with banks for this purpose.

Government Contribution:

• Various Ministries can co-contribute premium for various categories of their beneficiaries from their budget or from Public Welfare Fund created in this budget from unclaimed money. This will be decided separately during the year.
• Common Publicity Expenditure will be borne by the Government.

Important Key Features of Pradhan Mantri Jeewan Jyoti Bima Yojana is as under:

Eligibility: Available to people in the age group of 18 to 50 and having a bank account. People who join the scheme before completing 50 years can, however, continue to have the risk of life cover up to the age of 55 years subject to payment of premium.

Premium:  Rs.330 per annum.  It will be auto-debited in one instalment.

Payment Mode:  The payment of premium will be directly auto-debited by the bank from the subscribers account.

Risk Coverage: Rs.2 Lakh in case of death for any reason.

Terms of Risk Coverage: A person has to opt for the scheme every year.  He can also prefer to give a long-term option of continuing, in which case his account will be auto-debited every year by the bank.

Who will implement this Scheme?: The scheme will be offered by Life Insurance Corporation and all other life insurers who are willing to join the scheme and tie-up with banks for this purpose.

Government Contribution:

• Various other Ministries can co-contribute premium for various categories of their beneficiaries out of their budget or out of Public Welfare Fund created in this budget out of unclaimed money.  This will be decided separately during the year.
• Common Publicity Expenditure will be borne by Government.

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