Jan Suraksha Schemes: Atal Pension, Jeevan Jyoti Bima, and Suraksha Bima Yojana
Jan Suraksha yojna (pmjjby pmsby apy): Aimed at providing affordable insurance coverage to the people of the nation¸ Prime Minister Narendra Modi announced three schemes on 9th May 2015, under Jan Suraksha. Three schemes, Atal Pension Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana were launched under the Jan Suraksha Yojana. The schemes are as follows:
Atal Pension Yojana
As the name suggests, it is a pension scheme. Indian residents under the age group 18-40 can enroll for it. The monthly pension of Rs 1000, 2000, 3000, 4000 or 5,000 is provided once you turn 60 years of age depending upon the contribution made by you.
The contribution you have to make is very nominal and varies according to the age. 50% of the contribution is made by the government on behalf of you. You must have a savings bank account or post bank account. You have to provide your aadhar card number when you enroll for it.
It is a social security scheme and only those, who are not getting benefits of such other schemes, can enroll for it.
Pradhan Mantri Suraksha Bima Yojana
It provides accidental insurance coverage against death or disability. Only Rs 12 is to be paid as premium to join the scheme. The insurance is on the yearly base and you have to renew it every year by paying the said premium. All individuals in the age group 18-70 can join it. They should have a bank account.
The scheme offered through general insurance companies in collaboration with participating banks. The premium is deducted from the bank account of the insurer. The insurance coverage provides Rs 2 lakh in the event of death or total disability due to the accident including natural calamity. In the event of partial disability, Rs 1 lakh sum is paid.
Pradhan Mantri Jeevan Jyoti Bima Yojana
The scheme provides insurance coverage against death due to any cause at the yearly premium of just Rs 330. It is a one-year coverage insurance scheme that can be renewed every year. The scheme is offered through life insurance Company in collaboration with participating banks.
To enroll for the scheme, one must have a bank account. The premium is directly deducted from the bank account of the subscriber on consent. One can’t join the scheme after she/he attains an age of 50.
A subscriber of the scheme is paid Rs 2 lakh in case of death due to any cause. The benefit of the scheme is not availed once the person attains an age of 55 years.
Jan Suraksha Yojana has received tremendous response from all walks of life. The scheme has been specifically beneficial to those who can’t afford large premiums to get insurance coverage. It offers financial security to the subscribers as well as his/her family members.
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