SOCIAL SECURITY SCHEMES:
PMSBY:
PMJJBY:
PMSBY:
- Pradhan Mantri Suraksha Bima Yojana
- It offers renewable one year accidental death cum disability cover of two Lakh rupees to all savings banks account holder in the age group of 18 to 70 years for a premium of just Rs.12/- per year.
- The scheme is offered through public sector general insurance companies or other General insurance companies willing to offer the product on similar terms.
- The premium will be deducted from the account through 'auto debit ' facility in one instalment as per the option to be given on enrolment.
PMJJBY:
- Pradhan mantri Jeevan Jyothi Bima Yojana
- The scheme provides a renewable one year life cover of 2 lakh rupees to account holder in the age group of 18 to 50 years, covering death due to any reason, for a premium of Rs.330/- per annum.
- The scheme is administered through LIC or other Life insurance companies willing to offer the product.
- Atal Pension Yojana
- This scheme focuses on the unorganised sector workers and provides subscribers a fixed minimum pension of Rs. 1000 to 5000 every month starting at the age of 60 years.
- Minimum monthly contribution by the person under this scheme is 42 rupees.
- The period of contribution by any subscriber under the scheme would be 20 years or more and contributions are to be remitted monthly through 'auto debit ' facility.
- The age group of a person seeking benefit of APY should be between 18 and 40 years.